Schibsted ASA (SCH) - Mandatory notification of trade - Employee Share Saving Plan 2015
(Thomson Reuters ONE) -
Schibsted ASA (SCH) - Employee Share Saving Plan 2015 for employees of the
Schibsted Group and subscription from primary insider employees
Reference is made to the stock exchange published 9 April 2014 regarding the
Schibsted Employee Share Saving Plan.
The plan is continued for 2015. The plan is offered to employees in the Group
working for companies where Schibsted's ownership is more than 50%. 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.
For 2015, 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% 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 Q1 2015 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 2015. The subscribed amount
disclosed is the total amount in NOK for 2015. Primary insiders cannot change
the savings amount quarterly. The purchase price and the number of shares will
be reported when allocation is done.
Oslo, 2 March 2015
SCHIBSTED ASA
Anders Christian Rønning
Investor Relations Officer
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
ESSP 2015 Primary insiders enrollment:
http://hugin.info/131/R/1898441/674197.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schibsted via GlobeNewswire
[HUG#1898441]
Unternehmensinformation / Kurzprofil:
Datum: 02.03.2015 - 08:50 Uhr
Sprache: Deutsch
News-ID 375181
Anzahl Zeichen: 3210
contact information:
Town:
Oslo
Kategorie:
Business News
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