Watch Live

Tweet TWEET

Schibsted : Schibsted ASA (SCH) - Mandatory notification of trade - exercise of options

 Schibsted : Schibsted ASA (SCH) - Mandatory notification of trade - exercise
                                  of options

In connection with an earlier option program for key employees, 52,500 options
with the right to acquire 65,940 shares at NOK 132.70 in Schibsted ASA were
exercised on 15 February 2013.

The options were allotted in 2008, and are being exercised because the last
possible day of exercise is 26 June 2013.

Linked to the options, there is an obligation to reinvest. On this background,
59,189 shares were sold in the market at NOK 233.5039 per share, whereas 6,751
shares were transferred to the individual employees.

After the transaction, Schibsted owns 833,215 shares.

The following primary insiders have exercised options:

Trond Berger, CFO, has exercised 15,000 options with the right to acquire
18,840 shares. Out of this, 16,807 shares were sold in the market. After the
transaction Trond Berger, including close affiliates, holds 13,356 shares and
15,000 options with the underlying right to acquire 18,840 shares in
Schibsted.

Raoul Grünthal, CEO of Schibsted Sverige, has exercised 7,500 options with the
right to acquire 9,420 shares. Out of this, 8,525 shares were sold in the
market. After the transaction Raoul Grünthal holds 5,120 shares and 7,500
options with the underlying right to acquire 9,420 shares in Schibsted.

Sverre Munck, EVP Strategy and International, has exercised 15,000 options
with the right to acquire 18,840 shares. Out of this, 16,807 shares were sold
in the market. After the transaction Sverre Munck, including close affiliates,
holds 19,926 shares and 15,000 options with the underlying right to acquire
18,840 shares in Schibsted.

Lena K. Samuelsson, Editor-in-chief of Svenska Dagbladet, has exercised 7,500
options with the right to acquire 9,420 shares. Out of this, 8,525 shares were
sold in the market. After the transaction Lena K. Samuelsson, including close
affiliates, holds 4,295 shares and 7,500 options with the underlying right to
acquire 9,420 shares in Schibsted.

                            Oslo, 15 February 2013
                                SCHIBSTED ASA

                            Jo Christian Steigedal
                            VP Investor Relations



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

------------------------------------------------------------------------------

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Schibsted via Thomson Reuters ONE
HUG#1678719
 
Press spacebar to pause and continue. Press esc to stop.