First tranche of the special cash dividend approved

Schibsted ASA (SCHA/SCHB) , Published 29/05/2024 15:14:00

Reference is made to Schibsted ASA’s (“Schibsted”) stock exchange announcement on 22 March 2024 related to the proposed capital return package and the key information announcement dated 24 May 2024. 

The Board of Directors of Schibsted has today resolved to pay out the first tranche of the special cash dividend amounting to approximately NOK 18 billion, resulting in a dividend of NOK 77.10 per class A and B share. The resolution was based on the authority granted to Schibsted’s Board at the Annual General Meeting on 26 April 2024.

The special cash dividend is structured in two parts since a part of the special cash dividend, equal to NOK 4.58 per A share and NOK 34.18 per B share, will be classified as a repayment of paid-in capital which is exempt from Norwegian withholding tax. The remaining part of the dividend will be an amount of NOK 72.52 per A share and NOK 42.92 per B share.

The last day the shares are traded including right to the dividends is today, 29 May 2024. The ex date will be 30 May 2024. Please refer to the key information announcement on 24 May 2024 for additional information on the first tranche of the special cash dividend.

Oslo, 29 May 2024

Disclosure regulation

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