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Schibsted (OSL:SCH) Cathrine Foss Stene, Senior Vice President Human Resources in Schibsted ASA, has been allotted 7,500 options in the Schibsted share, as a part of the rolling options programme. According to resolution passed at the annual general meeting in Schibsted ASA on the 8 May 2008, the option programme includes up to 198,750 options in 2008. The total number of options allotted in 2008 is 180,000 options.
The allotment price and the exercise price for the options allotted in 2008 is NOK 166,70, based on the stock price one week prior to and one week after the public announcement of the results for Q1 2008 (9 May 2008).
A maximum gain that the option holders can achieve per share has been introduced. The maximum annual gain has been set to 35 %. With 2008 allotment price of NOK 166,70, the highest price an option can be exercised at is NOK 410,14, which equals a gain of NOK 243,44 per option share.
For further background for the Schibsted option programme and conditions in relation to the options, please be referred to the notification in connection with the main option allotment on 25 July 2008.
After today's allotment, Cathrine Foss Stene has 7,500 options and zero shares in Schibsted.
