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ReutersReuters

Schibsted To Buy back Up To 4% Of Its Issued Shares

SCHA

Schibsted ASA SCHA:

  • ENTERS NON-DISCRETIONARY AGREEMENT WITH SEB, TO CARRY OUT A SHARE BUYBACK ON BEHALF OF COMPANY OF UP TO 4% OF ITS ISSUED SHARES

  • SHARE BUYBACK HAS MAXIMUM VALUE OF NOK 1.7 BILLION

  • MINIMUM PRICE THAT CAN BE PAID PER SHARE IS NOK 30 AND MAXIMUM PRICE IS NOK 280

  • PURPOSE OF BUYBACK IS TO REDUCE CAPITAL OF COMPANY

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