Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 April 2014 to 31 March 2016

 Kursutv_1_2016_ENG

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

Trading statistics

1 April 2014 to 31 March 2016

 Omsetnings_1_2016_ENG

 Total number of ECs traded (1000)

 

 

20 largest ECC holders Number  Share 
VPF Nordea Norge Verdi 4,893,715 3.77 %
Verdipapirfondet DNB Norge (IV) 4,102,743 3.16 %
Sparebankstiftelsen SMN 3,965,391 3.05 %
VPF Odin Norge 3,826,686 2.95 %
State Street Bank and Trust CO (nominee) 3,386,341 2.61 %
VPF Pareto Aksje Norge 2,857,106 2.20 %
VPF Odin Norden 2,771,784 2.13 %
VPF Danske Invest Norske Aksjer Inst. II 2,467,267 1.90 %
Meteva AS 2,359,388 1.82 %
Vind LV AS 1,876,006 1.44 %
Pareto AS 1,821,202 1.40 %
MP Pensjon PK 1,792,160 1.38 %
Forsvarets Personellservice 1,717,046 1.32 %
The Bank of New York Mellon (nominee) 1,514,192 1.17 %
JP Morgan Chase Bank (nominee) 1,511,137 1.16 %
DNB Bank ASA 1,435,000 1.11 %
DNB Livsforsikring AS 1,433,340 1.10 %
VPF Nordea Kapital 1,383,148 1.07 %
State Street Bank and Trust CO (nominee) 1,328,788 1.02 %
JP Morgan Chase Bank (nominee) 1,316,527 1.01 %
The 20 largest ECC holders in total 47,758,967 36.78 %
Others 82,077,476 63.22 %
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.

Report and notes

© SpareBank 1 SMN