Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 July 2016 to 30 June 2018

 Kursutv_2_2018_ENG

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

Trading statistics

1 July 2016 to 30 June 2018

 Omsetnings_2_2018_ENG

 Total number of ECs traded (1000)

 

 

20 largest ECC holders  Number Share
VPF Nordea Norge Verdi 6,578,299 5.07 %
State Street Bank and Trust CO (nominee) 4,526,676 3.49 %
Sparebankstiftelsen SMN 3,965,391 3.05 %
VPF Odin Norge 3,542,919 2.73 %
VPF Danske Invest Norske Aksjer Inst. II 3,253,849 2.51 %
JP Morgan Chase Bank (nominee) 2,688,015 2.07 %
Verdipapirfondet DNB Norge (IV) 2,431,902 1.87 %
State Street Bank and Trust CO (nominee) 2,080,580 1.60 %
VPF Pareto Aksje Norge 1,821,202 1.40 %
VPF Alfred Berg Gambak 1,759,692 1.36 %
Pareto AS 1,755,225 1.35 %
Morgan Stanley And Co Intl plc 1,746,411 1.35 %
VPF Danske Invest Norske Aksjer Inst. I 1,727,730 1.33 %
JP Morgan Chase Bank (nominee) 1,717,046 1.32 %
Forsvarets Personellservice 1,568,771 1.21 %
MP Pensjon PK 1,438,701 1.11 %
VPF Nordea Kapital 1,384,632 1.07 %
JP Morgan Securities 1,361,137 1.05 %
VPF Storebrand Norge I 1,321,665 1.02 %
VPF Nordea Avkastning 1,289,111 0.99 %
The 20 largest ECC holders in total 47,958,954 36.94 %
Others 81,877,489 63.06 %
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 about one half of the owner capital’s share of the net profit for the year should be disbursed in dividends and, similarly, that about 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