NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO
Reference is made to the stock exchange notice published at
Schibsted has successfully sold 24,498,860 shares in
Schibsted has entered into a total return swap ("TRS") with
“We are pleased with this successful placement and entering of the TRS, enabling us to increase our financial capacity. As a result, we will be able to both reduce our financial leverage which is currently above our target range, and to buy back Schibsted shares over time which we see as value creative. The TRS will give us financial flexibility while we maintain exposure to Adevinta’s share price development, showcasing our support of the strategy and further value creation potential by the company,” CEO
Following completion of the Offering and the TRS, Schibsted will hold 344,803,374 shares in
Schibsted will host two Q&A video conference calls for investors and analysts related to these transactions with CFO,
Topic: Schibsted conference call and Q&A related to TRS and share sale in
Time:
Join Zoom Meeting
https://schibsted.zoom.us/j/89786915811?pwd=cUU4KzFNdzRRRFJ5OVFKc0IyMXNBZz09
Meeting ID: 897 8691 5811
Passcode: 587388
Topic: Schibsted conference call and Q&A related to TRS and share sale in
Time:
Join Zoom Meeting
https://schibsted.zoom.us/j/88205442345?pwd=ekxxdmQ0K2RaMFU2SGR4Y3JXRFh2QT09
Meeting ID: 882 0544 2345
Passcode: 876657
Schibsted is represented on the Board of Directors of
This information is considered to include inside information pursuant to the EU Market Abuse Regulation article 7 and is subject to the disclosure requirements pursuant to sections 4-2 and 5-12 of the Norwegian Securities Trading Act. This
Important notices:
This announcement is not and does not form a part of a prospectus or any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. The distribution of this announcement and other information may be restricted by law in
The securities referred to in this announcement have not been and will not be registered under the Securities Act, and accordingly may not be offered or sold in
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression “Prospectus Regulation” means Regulation (EU) 2017/1129 as amended together with any applicable implementing measures in any Member State.
This communication is only being distributed to and is only directed at persons in the
None of the Managers or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this release (or whether any information has been omitted from the release) or any other information relating to the Company, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this release or its contents or otherwise arising in connection therewith.
The Managers are acting on behalf of Schibsted and no one else in connection with the Offering and will not be responsible to any other person for providing the protections afforded to clients of the Managers or for providing advice in relation to the Offering.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgement. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company.
Contacts
Atle Lessum , Director ofSchibsted Group Communications , +47 415 05 645, atle.lessum@schibsted.comJann-Boje Meinecke , VP, Head of Investor Relations, +47 941 00 835, jbm@schibsted.com
Attachments
- Download announcement as PDF.pdf
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