Equity capital certificates
Stock price compared with OSEBX and OSEEX
1 October 2018 to 30 September 2020
|
OSEBX = Oslo Stock Exchange Benchmark Index (rebased) |
Trading statistics
1 October 2018 to 30 September 2020
| Total number of ECs traded (1000) |
| The 20 largest ECC holders | Antall | Andel |
| VPF Nordea Norge | 4,571,779 | 3.52 % |
| State Street Bank and Trust Comp | 4,017,603 | 3.09 % |
| Sparebankstiftelsen SMN | 3,965,391 | 3.05 % |
| VPF Odin Norge | 3,342,919 | 2.57 % |
| Danske Invest Norske aksjer institusjon II. | 3,110,473 | 2.40 % |
| VPF Pareto aksje Norge | 2,672,980 | 2.06 % |
| VPF Alfred Berg Gambak | 2,574,171 | 1.98 % |
| J. P. Morgan Chase Bank, N.A., London | 2,052,616 | 1.58 % |
| State Street Bank and Trust Comp | 2,046,465 | 1.58 % |
| FORSVARETS PERSONELLSERVICE | 1,890,446 | 1.46 % |
| VPF EIKA EGENKAPITALBEVIS | 1,869,717 | 1.44 % |
| Pareto Invest AS | 1,806,243 | 1.39 % |
| Morgan Stanley & Co. International | 1,725,758 | 1.33 % |
| Citibank N.A | 1,556,607 | 1.20 % |
| VPF Nordea Kapital | 1,440,601 | 1.11 % |
| MP Pensjon PK | 1,352,771 | 1.04 % |
| Danske Invest Norske aksjer institusjon I | 1,341,275 | 1.03 % |
| VPF Nordea Avkastning | 1,249,111 | 0.96 % |
| VPF Alfred Berg Norge | 1,145,659 | 0.88 % |
| Landkreditt utbytte | 1,050,000 | 0.81 % |
| The 20 largest ECC holders in total | 44,782,585 | 34.49 % |
| Others | 85,053,858 | 65.51 % |
| 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.
