Equity capital certificates
Stock price compared with OSEBX and OSEEX
1 April 2020 to 31 March 2022
| OSEBX = Oslo Stock Exchange Benchmark Index (rebased) |
Trading statistics
1 April 2021 to 31 March 2022
| Total number of ECs traded (1000) |
| 20 largest ECC holders | No. Of ECCs | Holding |
| Sparebankstiftelsen SMN | 3,965,391 | 3.05 % |
| Pareto Aksje Norge VPF | 2,944,317 | 2.27 % |
| VPF Alfred Berg Gambak | 2,903,934 | 2.24 % |
| State Street Bank and Trust Comp (nominee) | 2,688,906 | 2.07 % |
| VPF Eika Egenkapitalbevis | 2,645,271 | 2.04 % |
| VPF Odin Norge | 2,574,707 | 1.98 % |
| J. P. Morgan Chase Bank, N.A., London (nominee) | 2,501,610 | 1.93 % |
| State Street Bank and Trust Comp (nominee) | 2,424,197 | 1.87 % |
| The Bank of New York Mellon SA/NV | 2,327,086 | 1.79 % |
| Danske Invest Norske Aksjer Institusjon II | 2,123,568 | 1.64 % |
| Forsvarets personellservice | 2,014,446 | 1.55 % |
| Pareto Invest AS | 1,957,702 | 1.51 % |
| Spesialfondet Borea Utbytte | 1,734,867 | 1.34 % |
| VPF Nordea Norge | 1,729,650 | 1.33 % |
| J. P. Morgan SE | 1,649,031 | 1.27 % |
| J. P. Morgan Securities plc | 1,428,694 | 1.10 % |
| KLP | 1,380,331 | 1.06 % |
| MP Pensjon PK | 1,352,771 | 1.04 % |
| RBC Investor Services Trust | 1,308,197 | 1.01 % |
| J. P. Morgan SE | 1,229,700 | 0.95 % |
| The 20 largest ECC holders in total | 42,884,376 | 33.03 % |
| Others | 86,952,067 | 66.97 % |
| 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.
