Disclosure of Holdings

The Act on Securities Trading (Securities Trading Act) of 29 June 2007 states that acquisitions of shareholdings must be disclosed once certain limits to the proportion of ownership interest are exceeded.

Extract from section 4-2(2):

“Where a shareholder’s or other person’s proportion of shares and/or rights to shares reaches, exceeds or falls below 5 percent, 10 percent, 15 percent, 20 percent, 25 percent, 1/3, 50 percent, 2/3 or 90 percent of the share capital or corresponding proportion of the votes as a result of acquisition, disposal or other circumstance, the party concerned shall immediately notify the issuer and the Financial Supervisory Authority of Norway or whomever the Financial Supervisory Authority of Norway designates for this purpose.”

Link to overview of disclosures of holdings in Schibsted for the past 12 months (external links):