Schibsted has on 12 October 2016 bought 50,000 Schibsted B-shares (SCHB) through broker at an average price of NOK 196,7140 per share.
The buyback is conducted in accordance with the authorization provided by the Annual General Meeting to the Board of Directors on 11 May 2016.
The purpose of the buyback is to increase the number of treasury shares available for use in connection with Schibsted’s ordinary stock- and incentive program for own employees.
After the transaction Schibsted holds 283,614 own A-shares and 505,274 B-shares.
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733
Oslo, 13 October 2016
Jo Christian Steigedal
Head of IR