Notice of Dividend Amount • May 24, 2024
Notice of Dividend Amount
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Schibsted ASA (SCHA/SCHB) - Key information relating to the first tranche of the special cash dividend to be paid by Schibsted ASA
24.5.2024 08:30:01 CEST | Schibsted | Additional regulated information required
to be disclosed under the laws of a member state
With reference to Schibsted ASA's ("Schibsted'') stock exchange announcement on
22 March 2024 related to the proposed capital return package and related to the
approved proposals at Schibsted's Annual General Meeting on 26 April 2024,
Schibsted intends to pay out the first tranche of the special cash dividend
amounting to approximately NOK 18 billion in the first half of June 2024. The
payout is based on the authority granted to Schibsted's Board at the Annual
General Meeting on 26 April 2024.
The key information in this announcement is indicative as the exact dates which
are outlined below are dependent on the settlement of the voluntary offer in
Adevinta ASA ("Adevinta'') ("Settlement") which is expected for 29 May 2024 as
announced by Adevinta on 24 April 2024, and an approval by Schibsted's Board
following the Settlement.
The payout of the first tranche of the special cash dividend amounting to
approximately NOK 18 billion - resulting in a dividend of NOK 77.10 per class A
and B share - will be structured in two parts since a part of the special cash
dividend will be classified as a repayment of paid-in capital which is exempt
from Norwegian withholding tax.
Key information related to the first tranche of the special cash dividend
classified as a repayment of paid-in capital:
Dividend amount class A shares: NOK 4.58
Dividend amount class B shares: NOK 34.18
Announced currency: NOK
Last day including right: 29 May 2024
Ex-date: 30 May 2024
Record date: 31 May 2024
Payment date: 6 June 2024
Date of approval: 29 May 2024
Key information related to remaining part of the first tranche of the special
cash dividend:
Dividend amount class A shares: NOK 72.52
Dividend amount class B shares: NOK 42.92
Announced currency: NOK
Last day including right: 29 May 2024
Ex-date: 30 May 2024
Record date: 31 May 2024
Payment date: 7 June 2024
Date of approval: 29 May 2024
The second tranche of the special cash dividend as part of the total capital
return package, amounting to another approximately NOK 2 billion, will, subject
to approval by an Extraordinary General Meeting, be paid out in the third
quarter 2024 based on an interim balance sheet.
Oslo, 24 May 2024
SCHIBSTED ASA
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Jann-Boje Meinecke, VP, Head of Investor Relations, +47 941 00 835,
* Malin Ebenfelt, Investor Relations Officer, +47 916 86 710, [email protected]
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/3140/4533/Download%20announcement
%20as%20PDF.pdf
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