Ringgården AS, of which primary insider Ole Jacob Sunde, Chair of the Board of Schibsted ASA, ownes 31.481% of the shares, has 30 July 2019, transferred 40,000 A-shares and 100,000 B-shares in Schibsted ASA from Ringgården AS to Nye Ringgården AS. Related party of Ole Jacob Sunde, according to the Securities Trading act section 2-5 (1), owns an additional 31.481% of the shares in Ringgården AS.
The share transfer is an internal transaction between companies in the same group, and is done by way of contribution in kind at book value in connection with the formation of Nye Ringgården AS, a wholly owned subsidiary of Ringgården AS. All shares previously held by Ringgården AS, are now owned by Nye Ringgården AS.
Total number of shares in Schibsted controlled directly or indirectly by Ole Jacob Sunde and related parties remains unchanged at 40,000 A-shares and 100,000 B-shares after the transaction.
Oslo 31 july 2019
SCHIBSTED ASA
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act