Schibsted ASA (SCHA/SCHB) - Intention to pay special cash dividend of approximately NOK 500 million in the second quarter of 2025

20 Dec 2024 17:52 CET

20.12.2024 17:52:18 CET | Schibsted | Inside information

Schibsted ASA ("Schibsted Marketplaces"), which holds a 14% ownership stake in
Aurelia Netherlands Topco B.V. ("Adevinta"), expects to receive cash proceeds of
approximately NOK 500 million from Adevinta in the second quarter of 2025. The
expected cash proceeds are related to the sale of assets in Adevinta during
2024.

The Board of Directors of Schibsted Marketplaces is pleased to announce its
intention to distribute these expected proceeds to shareholders through a
special cash dividend of approximately NOK 500 million in the second quarter of
2025.

Per Christian Mørland, CFO of Schibsted Marketplaces, comments:
"Today's announcement reflects our commitment to disciplined capital allocation,
including returning surplus cash to shareholders while maintaining a
conservative balance sheet. The intended special cash dividend comes in addition
to our ordinary dividend, with an intended payout of NOK 2.25 per share for 2024
as presented at our Capital Markets Day."

The intended special cash dividend and ordinary dividend will be subject to
approval at the Annual General Meeting ("AGM"), scheduled for 7 May 2025.
Further details about the intended special cash dividend will be provided in due
course.

Oslo, 20 December 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 FP&A and Investor Relations, +47 941 00 835,
ir@schibsted.com

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/18370026/5454/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

635498_Download announcement as PDF.pdf