Equity capital certificates

Stock price compared with OSEBX and OSEEX

1 July 2021 to 30 June 2023

Kurs-ENG

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

1 June 2022 to 30 June 2023

 Volum-ENG

 Total number of ECs traded (1000)
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20 largest ECC holders  No. Of ECCs Holding
Sparebankstiftinga Søre Sunnmøre 12,971,224 8.99 %
Sparebankstiftelsen SMN 4,727,532 3.28 %
KLP 3,549,217 2.46 %
State Street Bank and Trust Comp  3,343,153 2.32 %
Pareto Aksje Norge VPF 3,236,418 2.24 %
VPF Odin Norge 2,969,542 2.06 %
Pareto Invest Norge AS 2,938,362 2.04 %
VPF Eika Egenkapitalbevis 2,651,321 1.84 %
J. P. Morgan Chase Bank, N.A., London  2,577,652 1.79 %
VPF Alfred Berg Gamba 2,562,032 1.78 %
State Street Bank and Trust Comp  2,472,743 1.71 %
VPF Nordea Norge  2,203,686 1.53 %
Danske Invest Norske Aksjer Institusjon II. 2,096,940 1.45 %
VPF Holberg Norge 2,050,000 1.42 %
Forsvarets personellservice 2,014,446 1.40 %
RBC Investor Services Trust 1,996,924 1.38 %
J. P. Morgan SE  1,752,526 1.22 %
The Northern Trust Comp 1,682,614 1.17 %
MP Pensjon PK 1,352,771 0.94 %
Spesialfondet Borea Utbytte 1,290,934 0.90 %
The 20 largest ECC holders in total 60,440,037 41.91 %
Others 83,775,553 58.09 %
Total issued ECCs 144,215,590 100.00 %
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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