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Schibsted ASA (SCHA/SCHB) - Schibsted ASA completes sale of news media operations

7.6.2024 08:51:49 CEST | Schibsted | Non-regulatory press releases

Schibsted ASA ("Schibsted" or "Schibsted Marketplaces") today announces that the

divestment of its news media operations to the Tinius Trust through Blommenholm

Industrier AS (collectively the "Trust") has been completed.

As first announced in December 2023, with a final agreement signed in March

2024, the decision to divest its news media operations transforms Schibsted into

two more focused companies: a media company, known as Schibsted Media, fully

owned by the Trust and a publicly listed marketplaces company, known as

Schibsted Marketplaces until a new name has been announced.

Since the announcement, all assets, rights and liabilities relating to Schibsted

Media have been carved out and new leadership teams for Schibsted Marketplaces

and Schibsted Media have been announced. With today's announcement, outgoing CEO

Kristin Skogen Lund will, as previously communicated, leave her position, and

the new leadership teams - under Christian Printzell Halvorsen for Schibsted

Marketplaces, and under Siv Juvik Tveitnes for Schibsted Media - become

effective.

Oslo, 7 June 2024

SCHIBSTED ASA

For further information, please contact:

Schibsted Marketplaces:

Daniel Frykholm

VP, Head of Group Communications

+46 70 206 77 86

News Media:

Bjørn-Martin Bache Nordby

Head of Communication Schibsted Media

+47 977 00 019

Jann-Boje Meinecke

Head of Investor Relations

Phone: +47 941 00 835

Malin Ebenfelt

Investor Relations Officer

Phone: +47 916 86 710

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/3186/4621/Download%20announcement

%20as%20PDF.pdf

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