Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 July 2009 to 30 June 2011

Kursutvikling MING ENG 

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

Trading statistics

1 April 2009 to 31 March 2011 

Omsetning MING ENG

 

 

20 largest ECC holders  Number Share
Reitangruppen AS   6,872,514 7.24 %
Aker ASA / The Resource Group TRG   2,860,966 3.01 %
Odin Norge   2,295,735 2.42 %
Rasmussengruppen AS   2,190,000 2.31 %
Odin Norden   2,122,749 2.24 %
Vind LV AS   2,085,151 2.20 %
Nordea Bank Norge AS   1,550,182 1.63 %
Frank Mohn AS   1,442,236 1.52 %
Citibank N.A New York Branch (nominee)   1,255,595 1.32 %
MP Pensjon PK   1,142,774 1.20 %
I.K. Lykke, T.Lykke m.fl.   891,567 0.94 %
Tonsenhagen Forretningssentrum AS   865,013 0.91 %
The Northern Trust Co. (nominee)   863,125 0.91 %
Morgan Stanley & Co.   793,171 0.84 %
Forsvarets personellservice   788,092 0.83 %
KLP Aksje Norden VPF   744,475 0.78 %
Stiftelsen Uni    743,658 0.78 %
Odin Europa SMB   633,251 0.67 %
Heglund Holding AS   629,357 0.66 %
State Street Bank & Trust Company (nominee)   616,267 0.65 %
The 20 largest ECC holders in total   31,385,878 33.07 %
Others   63,519,408 66.93 %
Total issued ECCs   94,905,286 100.00 %

 

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