Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 July 2014 to 30 June 2016 

 Kursutv_2_2016_ENG

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

Trading statistics

1 July 2014 to 30 June 2016

 Omsetnings_4_2016_ENG

 Total number of ECs traded (1000)

 

 

20 largest ECC holders Number  Share
VPF Nordea Norge Verdi 5,222,288 4.02 %
Verdipapirfondet DNB Norge (IV) 4,102,874 3.16 %
Sparebankstiftelsen SMN 3,965,391 3.05 %
VPF Odin Norge 3,826,686 2.95 %
State Street Bank and Trust CO (nominee) 3,247,830 2.50 %
VPF Danske Invest Norske Aksjer Inst. II 3,179,467 2.45 %
VPF Pareto Aksje Norge 2,870,827 2.21 %
Meteva AS 2,359,388 1.82 %
Pareto AS 1,821,202 1.40 %
MP Pensjon PK 1,792,160 1.38 %
The Bank of New York Mellon (nominee) 1,774,243 1.37 %
Forsvarets Personellservice 1,717,046 1.32 %
VPF Danske Invest Norske Aksjer Inst. I 1,598,523 1.23 %
JP Morgan Chase Bank (nominee) 1,511,137 1.16 %
DNB Livsforsikring AS 1,480,544 1.14 %
State Street Bank and Trust CO (nominee) 1,399,904 1.08 %
VPF Nordea Kapital 1,383,148 1.07 %
JP Morgan Chase Bank (nominee) 1,373,624 1.06 %
VPF DNB Norge selektiv 1,247,000 0.96 %
DNB Bank ASA 1,118,855 0.86 %
The 20 largest ECC holders in total 46,992,137 36.19 %
Others 82,844,306 63.81 %
Total issued ECC's 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