In connection with an earlier option program for key employees, 52,500 options with the right to acquire 65,940 shares in Schibsted ASA at NOK 51.00 were exercised on 21 February 2013. There is a maximum gain that the option holders can achieve per share, and the highest price at which the shares acquired through the options can be realized is NOK 125.48.
There is an obligation to reinvest linked to some of the options. On this background, 35,048 shares were sold in the market at NOK 233,9555 per share, whereas 2,632 shares were transferred to the individual employees.
After the transaction, Schibsted holds 788,747 own shares.
The following primary insiders have exercised options:
Gunnar Strömblad, EVP Sales, has exercised 15,000 options with the right to acquire 18,840 shares. The transaction is done through a cash settlement, and Gunnar Strömblad’s holding of shares in Schibsted ASA remains at 8,416. After the transaction, Strömblad holds no options in Schibsted ASA.
Lena K. Samuelsson, Editor-in-chief of Svenska Dagbladet, has exercised 7,500 options with the right to acquire 9,420 shares. Samuelsson has reinvested 658 shares, and holds, including close affiliates, 4,953 shares and no options in Schibsted.
Oslo, 21 February 2013
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations