Schibsted ASA Corporate Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Adrien de Saint Hilaire - Bank of America - Analyst : Yeah. Thank you very much. I hope you can hear me okay. Thank you for doing this. I've got a few questions, please. First of all, can you now clarify a bit the bridge from the NOK6.3 billion of transaction value for News Media to NOK4 billion of proceeds. I know there's some lead liabilities but I'm still missing a NOK1 billion somewhere. Secondly. Can you just clarify the yearend '23 net debts that you reported. That does that already include the unwind of the TRS? I think so. But I'm not I'm not 100% sure. And then after this announcement I think your net debt position will still be very, very close to zero. Does that mean that M&A is off the table? Kristin, I think you alluded to potentially an interest in buying out the minorities in Finn. Is that completely off the table or is that something that could still be considered? Thank you so much.

Question: Adrien de Saint Hilaire - Bank of America - Analyst : No. I'm all good. Thank you so much for the answers.

Question: Adrien de Saint Hilaire - Bank of America - Analyst : Yes, sorry to bother you actually, PC. My question was related to this. Like how did you decide between dividend buyback allocation because, of course, as a withholding tax that will apply to the dividend versus the buyback is largely tax-free. Obviously, a bunch of UK companies, a flight to tender offers for example, on the on their stock, is that something have been explored? Why so much into dividend and a bit less into into buyback? Was it to protect liquidity of the shares. Anything that you can bring, please?

Question: Adrien de Saint Hilaire - Bank of America - Analyst : Yes. Super clear. Thank you.