In accordance with the option program for key personnel at the Schibsted group, 90,000 options were exercised on Tuesday 7 November. The options were granted in 2002 with a strike price of NOK 93 per share. As a consequence of adjustments in the option program, the options granted in 2002 must be exercised before 31.12.2006. Schibsted ASA has as a consequence of the exercise, sold 90,000 shares from the stock of own shares at the above mentioned strike prices. After the transaction, Schibsted ASA holds 3,575,804 own shares.
In accordance with the obligation of the option program to reinvest, all key personnel have bought shares in Schibsted ASA corresponding to 50% of the profits after taxes. 77,940 shares were subsequently sold through the Oslo Stock Exchange at the average price of NOK 200.22 per share.
The following key personnel have exercised options and reinvested shares:
|
|
Options exercised
|
Options after exercise
|
Shares before exercise
|
Shares reinvested
|
Shares after reinvestment
|
|
Kjell Aamot
|
30,000
|
120,000
|
17,749
|
4,020
|
21,769
|
|
Trond Berger
|
15,000
|
60,000
|
5,614
|
2,010
|
7,624
|
|
Birger Magnus
|
15,000
|
60,000
|
9,046
|
2,010
|
11,056
|
|
Olav Mugaas
|
7,500
|
30,000
|
1,615
|
1,005
|
2,620
|
|
Einar Hanseid
|
7,500
|
7,500
|
2,607
|
1,005
|
3,612
|
|
Aslak Ona
|
7,500
|
22,500
|
3,822
|
1,005
|
4,827
|
|
Bernt Olufsen
|
7,500
|
30,000
|
6,676
|
1,005
|
7,681
|
Oslo, 8 November 2006
SCHIBSTED ASA