Mandatory notification of trade

Schibsted ASA (SCH) , Published 03/10/2013 08:00:00

In connection with an earlier option program for key employees, CEO Rolv Erik Ryssdal has on 2 October 2013 exercised 7,500 options with the right to acquire 9,420 shares in Schibsted ASA at NOK 132.70.

The options were allotted in 2008, and are being exercised because the last possible day of exercise is 31 October 2013.

Linked to the options, there is an obligation to reinvest. On this background, 8,062 shares were sold in the market at NOK 317.257 per share, whereas 1,358 shares are transferred to Rolv Erik Ryssdal in the coming days. Ryssdal holds after the transaction 30,398 shares in Schibsted ASA.

After the transaction, Schibsted ASA holds 666,535 own shares.

Oslo, 30 October 2013
SCHIBSTED ASA

Jo Christian Steigedal
VP Investor Relations

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.