Schibsted Media Group has allotted shares to participants in the Group’s performance based share purchase program for 2014.
In the program, each participant is granted a defined Base Amount, which is a fixed percent of their fixed salary. 1/3 of the Base Amount (“Bonus Amount”) is awarded when the program starts in the form of Schibsted shares. These shares have now been allotted for the 2014 program.
2/3 of the Base Amount (“Performance Amount”) is linked to three-year performance criteria.
Please find attached overview of the number of shares allotted to primary insiders through pay out of the Bonus Amount related to the 2014 program, as well as their total holding of shares after this allotment.
The transfer of the shares is done in the coming days, and implies that Schibsted ASA transfers 12,336 treasury shares to employees of the Group. After this, Schibsted ASA holds 605,752 treasury shares.
For further details of Schibsted’s performance based share purchase program, please refer to the Statement of Executive Compensation in the Group’s annual report 2013, as approved by the Annual General Meeting on 7 May 2014.
Oslo, 11 June 2014
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations