Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 July 2012 to 30 June 2014 

Kursutv_2_2014_ENG

OSEBX = Oslo Stock Exchange Benchmark Index (rebased)
OSEEX = Oslo Stock Exchange ECC Index (rebased)

Trading statistics

1 July 2012 to 30 June 2014

 Omsetnings_4_2013_ENG

 Total number of ECs traded (1000)

 

20 largest ECC holders  Number Share
Verdipapirfond Odin Norge   4.042.430 3,11 %
Sparebankstiftelsen SpareBank 1 SMN   3.965.391 3,05 %
Verdipapirfondet DNB Norge (IV)   3.576.856 2,75 %
Verdipapirfond Pareto Aksje Norge   3.462.308 2,67 %
Verdipapirfondet Nordea Norge Verdi   2.899.724 2,23 %
Verdipapirfond Odin Norden   2.854.979 2,20 %
State Street Bank and Trust CO (nominee)   2.757.847 2,12 %
Vind LV AS   2.736.435 2,11 %
Wimoh Invest AS   2.359.388 1,82 %
MP Pensjon PK   2.058.415 1,59 %
Verdipapirfondet Danske Invest Norske Aksjer Inst. II   1.913.767 1,47 %
The Bank of New York Mellon (nominee)   1.887.323 1,45 %
Verdipapirfondet Fondsfinans Spar   1.500.000 1,16 %
Forsvarets Personellservice   1.491.146 1,15 %
Verdipapirfond Pareto Aktiv   1.413.900 1,09 %
DNB Livsforsikring ASA   1.314.507 1,01 %
Verdipapirfondet Nordea Kapital   1.161.289 0,89 %
Verdipapirfondet Danske Invest Norske Aksjer Instit. I   1.124.723 0,87 %
Aksjefondet Handelsbanken Norge   1.100.000 0,85 %
The Bank of New York Mellon (nominee)   1.077.331 0,83 %
The 20 largest ECC holders in total   44.697.759 34,43 %
Others   85.138.684 65,57 %
Total issued ECCs   129.836.443 100,00 %

Dividend policy

SpareBank 1 SMN aims to manage the Group’s resources in such a way as to provide equity certificate holders with a good, stable and competitive return in the form of dividend and a rising value of the bank’s equity certificate.

The net profit for the year will be distributed between the owner capital (the equity certificate holders) and the ownerless capital in accordance with their respective shares of the bank’s total equity capital.

SpareBank 1 SMN’s intention is that up to one half of the owner capital’s share of the net profit for the year should be disbursed in dividends and, similarly, that up to one half of the owner capital’s share of the net profit for the year should be disbursed as gifts or transferred to a foundation. This is on the assumption that capital adequacy is at a satisfactory level. When determining dividend payout, account will be taken of the profit trend expected in a normalised market situation, external framework conditions and the need for tier 1 capital.

© SpareBank 1 SMN