SCH Schibsted Asa Class A

Schibsted ASA (SCHA/SCHB) – Mandatory notification of trade: Long-term incentive plan

Schibsted ASA (SCHA/SCHB) – Mandatory notification of trade: Long-term incentive plan

Schibsted ASA has granted restricted B-shares to key employees in connection with the long-term incentive plan (the “LTI Plan”) which will be transferred to participants at the end of the 3-year program period. 

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. The program is applicable to the CEO, members of Schibsted’s Group Management Team, members of management teams in the business areas Nordic Marketplaces, News Media and Next, as well as other key employees.

For more information on the LTI Plan, please refer to Schibsted ASA’s Annual Report 2019 under the section “The Board of Directors’ Statement of Executive Compensation for Schibsted excluding Adevinta”.

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



 

Oslo, 3 September 2020

SCHIBSTED ASA



 

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

Attachment

EN
03/09/2020

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Reports on Schibsted Asa Class A

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - Cautious distribution

Schibsted has announced a final agreement for the sale of News Media to the Tinius Trust and an intention to return NOK24bn to shareholders. We find the proposed distribution slightly on the low side as it will leave Schibsted debt free. Furthermore, we continue to find the proposed selling price for News Media low.

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - All key segments set to disappoint

We are cautious ahead of Schibsted’s Q1 results (due at 07.00 CET on 26 April), expecting all the key segments to miss consensus on a combination of lower sales and higher costs. We reiterate our HOLD and NOK320 target price.

Schibsted ASA: 1 director

A director at Schibsted ASA sold 110,000 shares at 322.700NOK and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearl...

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - News Media disguises softness

The Q4 report was soft, as the slight earnings beat was driven by news Media, which is set up for sale, while the outlook for Jobs and Lendo has led us to make slight reductions to our 2024e EBITDA. We reiterate our HOLD and NOK320 target price as we continue to see valuation support, with the stock trading in line with our SOTP.

Ole Martin Westgaard
  • Ole Martin Westgaard

Schibsted (Hold, TP: NOK320.00) - Time for reflection

Our Q4e EBITDA is 7% below consensus, driven by Nordic Marketplaces, as we see softer volume trends across the main verticals. We have raised our target price to NOK320 (290) but downgraded to HOLD (BUY), as the stock is trading in line with our SOTP adjusted for the potential selling price for Adevinta and News Media.

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