Du är här


Schibsted: Schibsted ASA (SCH) - Employee Share Saving Plan 2014 for employees of the Schibsted Group

The Board of Schibsted ASA has approved a new employee share saving for
employees in the Schibsted Group. The plan is offered to employees in the
Group working for companies where Schibsted's ownership is more than 50
percent. The purpose of the plan is to motivate and retain employees as well
as to increase the interest for the Group's results and performance through
owning Schibsted shares.

It is the Board's intention that the plan shall be a continuing part of the
company's employee incentive scheme. However, the Board shall have the right
to decide, in its sole discretion, whether or not the plan will be extended
in the future, the terms of the plan, and to which eligible Group companies
it shall extend the offer.

For 2014, the company offers a share saving plan based on an annual savings
range of NOK 2,000 - NOK 50,000 (or equivalent in local currency) but maximum
5 percent of annual gross fixed salary. Employees can enroll and change the
savings amount quarterly. The savings amount is deducted from the monthly net
salary. The savings amount is used to purchase Schibsted shares quarterly on
behalf of the employees. The purchase of shares will take place through DNB
on the day or days following publication of the interim accounts. The first
purchase will take place after the publication of the Q2 2014 interim report.
The purchase price and the number of shares acquired by the company will be
reported in accordance with the applicable regulations. Employees will be
allocated shares at the purchase price which is the market price on the
purchase date (i.e. no discount).

After two years of ownership, the company will allocate one bonus share for
every two shares bought in connection with this offer.

Attached to this release is a list of employees that are primary insiders and
that have subscribed in the share saving plan for 2014. The subscribed amount
disclosed is the total amount for 2014. Primary insiders can not change the
savings amount quarterly. The purchase price and the number of shares will be
reported when allocation is done.

Contact person:
Jo Christian Steigedal, VP Investor Relations. Tel: +47 415 08 733

Oslo, 9 April 2014

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.

Primary insiders participating in the Share Saving Plan


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


Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.