Schibsted ASA (SCH) - Share split and listing of B-shares - last day inclusive today

Reference is made to the announcement of the Company dated 8 May 2015 regarding the approval of a share split and introduction of B-shares and the announcement dated 26 May 2015 that the board of directors of Oslo Børs ASA has resolved to admit the B-shares of Schibsted ASA to listing on Oslo Børs.

The board of directors of Schibsted ASA has on this background resolved to effectuate the general meeting's resolution to carry out a share split and thereby create a new class of low voting B-shares. When the split becomes effective the entitled shareholders will receive one B-share for each share they own in Schibsted (which after the split is completed will be referred to as A-shares). The B-shares are ordinary, fully- paid shares carrying equal rights with the A-shares in all respects except that the B-shares are low-voting shares with only one vote per share while the A-shares have 10 votes per share.

The first day of listing of the B-shares will, as previously announced, be 1 June 2015. The listing prospectus is dated 28 May 2015 and will be made public before the opening of trading 1 June 2015. 

Today is the last day the Schibsted shares will trade inclusive of the right to receive B-shares.

As of 1 June 2015 the following will apply:

New face value: NOK 0.50

ISIN A-shares (no change): NO000308904

Ticker A-shares (change): SCHA (name: Schibsted ser.A)

ISIN B-shares: NO0010736879

Ticker B-shares: SCHB (name: Schibsted ser.B)

Important information: It should be noted that for technical reasons the share split will be completed in the settlement system of VPS as a demerger.

Contact person:
Trond Berger, CFO. Tel: [phone]
Anders Christian Rønning, IRO. Tel: [phone]

Oslo, 29 May 2015
SCHIBSTED ASA

Anders Christian Rønning
Investor Relations Officer

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

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schibsted via Globenewswire

HUG#1924597