Schibsted Media Group has granted shares to key employees as part of the Key Contributor Plan under the Long Term Incentive program for 2015 (LTI KCP 2015).
In LTI KCP 2015, each participant is granted a share award based on a fixed percent of the participant’s base salary. The share award vests at a rate of 1/3 over a three-year period, starting the year after the grant. The second tranche (1/3) will vest 31 December 2016 and the third and last tranche (1/3) will vest 31 December 2017.
Please find attached overview of the number of shares granted to primary insiders, including their total holding of shares after this allotment.
Minor adjustments to previous share based programs are included in the total transfer.
The transfer of the first 1/3 of the shares, including adjustments, is done in the coming days, and implies that Schibsted ASA transfers 38,254 treasury B-shares. After this, Schibsted ASA holds 293,011 treasury A-shares and 469,225 treasury B-shares.
Schibsted’s employee share saving plan continues unchanged in 2016, except that B-shares will be used instead of A-shares. Attached to this release is a list of primary insiders that have subscribed in the share saving plan for 2016. The subscribed amount disclosed is the total amount in NOK for 2016. Primary insiders cannot change the savings amount quarterly. The purchase price and the number of shares will be reported when allocations are done.
Reference is made to the stock exchange published 9 April 2014 the Schibsted Employee Share Saving Plan.
Oslo, 10 March 2016
Anders Christian Rønning