In connection with Schibsted ASA’s rights offering in June 2009, Bergens Tidende AS accidentally subscribed for 24,190 shares in Schibsted ASA. Pursuant to the Norwegian Public Limited Liability Companies Act Section 9-1 second paragraph first sentence, Didrik Munch, the chairman of the board of Bergens Tidende, is regarded as having subscribed for the shares.
In order to correct this mistake, Didrik Munch, who from 14 August 2009 at 1500 hrs is the primary insider of Schibsted ASA 13 November 2009, sold these 24,190 shares at an average price of NOK 115.2428 each, in total NOK 2,787,723.33. The remuneration in its entirety falls to Bergens Tidende AS, according to an agreement. After this sale, Schibsted ASA’s shareholding in the company is 4,700,141, of which 39,500 are owned by Schibsted ASA’s subsidiary Bergens Tidende AS and 4,660,641 are owned by Schibsted ASA.
Oslo, 16 November 2009
Jo Christian Steigedal
VP Investor Relations