The role of the Tinius Trust

The Tinius Trust fully supports the Board’s proposal. The Trust owns 25.6 percent of votes and 23.8 percent of the total shares in Schibsted ASA though the fully controlled Blommenholm Industrier AS.

Ole Jacob Sunde, Board Chair of the Tinius Trust

“The Tinius Trust is supporting the long term, healthy financial development of Schibsted. The demerger is a wise move to enable Adevinta to optimize its value creation within a new structure,” says Ole Jacob Sunde, and adds:

“The Trust is committed to maintaining our current shareholdings in Schibsted. The Trust’s direct ownership in Adevinta will be seen as a long-term financial holding.”