Schibsted management calls options, Schibsted ASA sells shares

Schibsted ASA (SCH) , Published 03/10/2006 08:54:09

In accordance with the option program for the top management, Executive Vice President Sverre Munck has exercised 15,000 options. 15,000 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 15,000 shares from the stock of own shares at the above mentioned strike prices. After the transaction, Schibsted ASA holds 3,707,501 own shares.
Sverre Munck has sold 13,000 shares through the Oslo Stock Exchange at the price of NOK 196.50 per share. Mr. Munck now holds 5,996 shares and 60,000 options.
The transactions took place on 2 October 2006.
Oslo, 3 October 2006