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Schibsted ASA (0MHM.L)

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18,278,000,640.00+59.53 (+0.00%)
At close: 6:07PM EDT
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  • Globe Newswire

    Schibsted ASA (SCHA/SCHB) – Schibsted to report Adevinta as discontinued operations and releases re-presented historical financials

    Following the announcement on 21 July 2020, that Adevinta entered into a definitive agreement to acquire eBay Classifieds Group, Schibsted determined that Adevinta met the criteria for the classification of held-for-sale accounting and discontinued operations. Accordingly, Adevinta's financial results will be presented in Schibsted's consolidated financial statements as discontinued operations beginning in Q3 2020 and until the deal is closed. Closing of the transaction is expected by Q1 2021, and is subject to eBay Classifieds Group Dutch Works Council approval, shareholder approval in Adevinta, and regulatory approvals and customary closing obligations. After closing, Adevinta will, according to the equity method, come in with its proportional share of the net profit under “Share of profit (loss) of joint ventures and associates”. Please refer to the attached file for re-presented historical financial results. A MS Excel file of the same tables can be downloaded at schibsted.com/ir. Alternative performance measures used in the attached file are described and presented in the section Definitions and reconciliations in the quarterly report for Q2 2020. Oslo, 23 October 2020SCHIBSTED ASA This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment Financials and analytical info - re-presented 2018-2020 Q2

  • Globe Newswire

    Schibsted ASA (SCHA/SCHB) – Invitation to the presentation of Schibsted's Q3 2020 results on 28 October

    Schibsted ASA will publish its Q3 2020 results on Wednesday, 28 October at 07:00 CET. Quarterly earnings release Time: 07:00 CET Publication of the Q3 results including interim report, presentation, and financials and analytical information. Results presentation Time: 09:00 CET CEO Kristin Skogen Lund and CFO Ragnar Kårhus will present the Q3 results in a combined webcast and conference call. The presentation and following Q&A session will be held in English. The webast can be viewed live at schibsted.com/ir. Participants who would like to ask questions at the end of the presentation can dial in using one of the telephone numbers listed below. It will not be possible to ask questions on the web via chat. Dial-in details:Please join the event 5-10 minutes prior to scheduled start time. Norway: +47 2100 2610Sweden: +46 (0)8 5033 6574Finland: +358 (0)9 7479 0361Denmark: +45 35 15 80 49UK: +44 (0)330 336 9125US: +1 929-477-0402Other locations: Please choose one of the above Confirmation code: 1289976 Please note that the moderated Q&A session after the presentation will replace the conference call for investors and analysts previously held at 14:00 CET. As a result of the COVID-19 pandemic, it will not be possible to attend the presentation in person at our headquarters in Oslo. Press/media can reach out to Schibsted’s Head of External Communications & Brand Management, Nathalie Kåvin (nathalie.kavin@schibsted.com), to set up separate one-on-one interviews with CEO Kristin Skogen Lund.   Oslo, 21 October 2020SCHIBSTED ASA  This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

  • Globe Newswire

    Schibsted ASA (SCHA/SCHB) – Mandatory notification of trade: redemption of shares in Blommenholm Industrier AS

    With reference to the mandatory notification of trade published 03 August 2020 and following the expiration of the legally required period for creditor notification, primary insider in Schibsted ASA, Blommenholm Industrier AS, will today transfer 607,851 B-shares in Schibsted ASA to Beltenut AS. After this transfer, Blommenholm Industrier AS will own 30,013,354 B-shares in Schibsted ASA. Blommenholm Industrier AS also owns 28,541,262 A-shares in Schibsted ASA. Following the transfer, Blommenholm Industrier AS will hold 25.04% of shares outstanding and 26.87% of voting rights in Schibsted ASA. The transfer is part of an agreement between the Tinius Trust and Blommenholm Industrier AS and Beltenut AS/Jan Nagell-Erichsen to redeem non-voting B-shares in Blommenholm Industrier AS held by Beltenut AS, as previously reported. This operation does not impact the voting structure of Blommenholm Industrier AS where the Tinus Trust controls all the votes and it does not lead to any change in the Tinius Trust’s ownership strategy for Schibsted ASA. The Tinius Trust and Blommenholm Industrier AS are represented on the Board of Schibsted ASA by Ole Jacob Sunde and Karl-Christian Agerup. For more information on the Tinius Trust and the redemption of shares, please visit www.tinius.com. Oslo, 07 October 2020SCHIBSTED ASA This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act