Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 October 2011 to 30 September 2013

Kursutv_3_2013_ENG

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

Trading statistics

1 October 2011 to 30 September 2013

Omsetnings_3_2013_ENG

 

20 largest ECC holders  Number Share
Reitangruppen AS   4,519,108 3.48 %
Odin Norge   4,168,311 3.21 %
Sparebankstiftelsen SpareBank 1 SMN   3,965,391 3.05 %
Odin Norden   2,899,083 2.23 %
Frank Mohn AS   2,876,968 2.22 %
Vind LV AS   2,736,435 2.11 %
Verdipapirfondet DNB Norge (IV)   2,502,524 1.93 %
Stenshagen Invest   2,176,384 1.68 %
MP Pensjon PK   2,058,415 1.59 %
The Resource Group TRG   1,768,000 1.36 %
Danske Invest Norske Aksjer Inst. II   1,745,777 1.34 %
State Street Bank and Trust CO (nominee)   1,602,716 1.23 %
Verdipapirfondet Fondsfinans Spar   1,500,000 1.16 %
Citibank N.A New York Branch (nominee)   1,382,350 1.06 %
Odin Europa SMB   1,326,937 1.02 %
Forsvarets Personellservice   1,189,246 0.92 %
Tonsenhagen Forretningssentrum AS   1,135,193 0.87 %
Danske Invest Norske Aksjer Instit. I   1,102,345 0.85 %
The Bank of New York Mellon (nominee)   1,092,388 0.84 %
DNB Livsforsikring ASA   1,036,324 0.80 %
The 20 largest ECC holders in total   42,783,895 32.95 %
Others   87,052,548 67.05 %
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