Schibsted ASA Initiates Major Share Buyback Program

Schibsted ASA (GB:0MHM) has released an update.

Schibsted ASA has commenced a share buyback program, aiming to repurchase up to NOK 2 billion worth of A and B shares by May 2025, which represents about 3% of the issued shares. The buyback, authorized by the April 2024 AGM, will be conducted with BNP Paribas independently managing the trading, subject to market conditions. Shares acquired may be canceled or used for employee share plans, aligning with EU market regulations.

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