SCH Schibsted Asa Class A

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

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

Schibsted ASA has granted 23,144 B-shares to key employees in connection with long-term incentive plans. The shares will be transferred to the employees during the coming days.

The transfers are primarily related to the third and last allotments of the 3-year Key Contributor Plan 2017 (KCP 2017), the 5-year Senior Executive Plan 2015 (SEP 2015) and the second allotment in the 5-year Senior Executive Plan 2017 (SEP 2017).

For more information on the long-term incentive plans, see 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 shares granted to primary insiders, including their total holding of shares.

Reference is made to the release published today regarding the Employee Share Saving Plan. After the transactions described in both these releases, Schibsted ASA holds 3,543,657 treasury A-shares and 1,383,307 treasury B-shares.

Oslo, 16 March 2020

SCHIBSTED ASA

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

Attachment

EN
16/03/2020

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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

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