Completed share capital reduction in connection with share buyback

Schibsted ASA (SCHA/SCHB) , Published 09/10/2023 10:10:25

Following the share buyback programme announced 9 December 2022 which was executed by Schibsted in the period 9 December 2022 until 27 September 2023, the Annual General Meeting in Schibsted ASA decided on 28 April 2023 that the company’s share capital shall be reduced by NOK 1,664,027.50 through the redemption of 3,328,055 own shares (1,497,680 A-shares and 1,830,375 B-shares), to NOK 115,466,484.50, consisting of 102,962,278 A-shares and 127,970,691 B-shares, each with a nominal value of NOK 0.50. 

The creditor deadline for the capital reduction has expired and the capital reduction was completed in the Register of Business Enterprises 7 October 2023. 

Disclosure regulation

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.


About Schibsted

Schibsted is a family of digital brands with a strong Nordic position, and more than 5,000 employees. Millions of people enjoy interacting with our companies every day through our online marketplaces such as FINN, Blocket and Oikotie; our media houses including Aftenposten, VG and Aftonbladet; and digital services like Lendo. We also help new promising businesses grow. Our joint mission of empowering people in their daily lives is rooted in the values of our media heritage and a legacy of bold change. At our best, we are a fearless force for change in a society built on trust and transparency. 

Schibsted is listed on Oslo Børs and has a sizable investment in Adevinta, a company that was spun off and publicly listed as a separate company on Oslo Børs in 2019.