The following information is based on a press release from Schibsted ASA. (SCH, NO0003028904) published on May 8, 2015 and may be subject to change.
The Annual General Meeting (AGM), held on May 8th 2015, approved a separation of Schibsted ASA into two separate share classes. The establishment of this new class B will be done through a split of the Company's shares so that for every A-share each shareholder will receive one B-share. The B-shares will be ordinary, fully-paid shares carrying equal rights in all respects except that the B-shares will be low-voting shares with only one vote per share while the A-shares will have 10 votes per share.
NASDAQ Global Index Group will act and adjust SCH in accordance to the “Rules for the Construction and Maintenance of the VINX All-Share, Benchmark, Tradable and Sector Indexes” “version 1.4, rule 5.7.1 Basket method.
The scheduled Ex-date is June 1, 2015 and listing of Schibsted B-share will occur on the same day. A total of 81 002 711 Schibsted B-shares will be included in OMXO20 index in accordance with the terms of the distribution (1:1).
Description of the adjustment:
Schibsted ASA (SCHB) will be included in the index on the ex-day June 1, 2015 and stay in the index until the next review in December, 2015. No adjustment will be made to the Schibsted A (SCHA) share price. The start price of Schibsted B-share will be zero (0.00).
For further information concerning this notice please contact NASDAQ OMX Global Index Group, telephone + 46 8 405 62 96, e-mail index@nasdaqomx.com
