SCH Schibsted Asa Class A

Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade - Long-term incentive programs

Schibsted ASA (SCHA/SCHB) - Mandatory notification of trade - Long-term incentive programs

Schibsted Media Group has granted B-shares to key employees in connection with the long-term incentive plan (the “LTI Plan”).

The LTI Plan is an annual 3-year rolling plan, part delivered in restricted shares and part delivered in performance shares, with fulfilment in Schibsted B-shares. It is offered to the CEO, the members of Schibsted’s Executive Team, the members of management teams in the business areas News Media, Next and Nordic Marketplaces, as well as other key employees.

For more information on the LTI Plan see the Schibsted ASA’s annual report 2018 under the section “The Board of Directors’ Statement of Executive Compensation”

Please find attached overview of the number of restricted shares granted to primary insiders, including their total holding of shares.

Oslo, 28 June 2019

SCHIBSTED ASA

 

Attachment

EN
28/06/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Schibsted Asa Class A

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Sell, TP: NOK290.00) - Muted growth continues

The Q1 results were above expectations on lower-than-expected costs, while growth continued to be muted. We reiterate our SELL as we continue to find the valuation high relative to growth prospects, but have raised our target price to NOK290 (280) on increased estimates.

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm
ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

~20% better on lower cost

Q1: Group EBITDA +17% vs cons on 9% lower cost. Confidence in targets. Cons '25 EBITDA +5%, stock up 5-10%

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Sell, TP: NOK280.00) - Prisjakt sold at low price

Schibsted has signed an agreement to sell Prisjakt to eEquity for SEK500m. We find the price low, at c40% of our SOTP value, but find it positive that the company continues to simplify its portfolio to focus on Nordic Marketplaces. We expect a slightly negative share price reaction.

ABGSC Media Research ... (+3)
  • ABGSC Media Research
  • Henrik Bartnes
  • Petter Nystrøm

ResearchPool Subscriptions

Get the most out of your insights

Get in touch