Note 42 - ECC capital and ownership structure

ECC capital

The Bank's ECC capital totals NOK 2,596,600,239 distributed on 129,836,443 equity capital certificates (ECCs), each with a face value of NOK 20. As at 31 December 2015 there was 8,059 ECC holders (8,395 as at 31 December 2014).

ECC capital has been raised by the following means:

 

Year Change  Change in ECC capital (NOK) Total ECC capital (NOK) No. of ECCs
1991 Placing 525,000,000 525,000,000 5,250,000
1992 Placing 75,000,000 600,000,000 6,000,000
2000 Employee placing 5,309,900 605,309,900 6,053,099
2001 Employee placing 4,633,300 609,943,200 6,099,432
2002 Employee placing 4,862,800 614,806,000 6,148,060
2004 Bonus Issue 153,701,500 768,507,500 7,685,075
2005 Placing 217,424,200 985,931,700 9,859,317
2005 Employee placing 23,850,000 1,009,781,700 10,097,817
2005 Split - 1,009,781,700 40,391,268
2005 Rights issue 252,445,425 1,262,227,125 50,489,085
2007 Dividend issue 81,752,950 1,343,980,075 53,752,203
2007 Employee placing 5,420,000 1,349,400,075 53,976,003
2008 Dividend issue 90,693,625 1,440,093,700 57,603,748
2008 Employee placing 6,451,450 1,446,545,150 57,861,806
2009 Bonus issue 289,309,025 1,735,854,175 69,434,167
2010 Employee placing 12,695,300 1,748,549,475 69,941,979
2010 Rights issue 624,082,675 2,372,632,150 94,905,286
2011 Rights issue 625,000 2,373,257,150 94,930,286
2012 Reduction in nominal value -474,651,430 1,898,605,720 94,930,286
2012 Rights issue 569,543,400 2,468,149,120 123,407,456
2012 Employee placing 16,220,200 2,484,369,320 124,218,466
2012 Placing 112,359,540 2,596,728,860 129,836,443

 

Parent Bank (NOK million)  2015 2014
ECC capital 2,597 2,597
Dividend equalisation reserve 3,790 3,122
Premium reserve 895 895
Unrealised gains reserve 179 90
A. The equity capital certificate owners' capital 7,461 6,704
       
Ownerless capital 4,105 3,619
Unrealised gains reserve 100 49
B. The saving bank reserve 4,205 3,668
       
Gifts 40 160
Dividend declared 292 292
Equity ex. profit for the period 11,998 10,824
       
Equity capital certificate ratio A/(A+B) 63.96 % 64.64 %
       
Average of ratio for distribution of profit 63.96 % 64.64 %

 

20 largest ECC holders at 31 Dec 2015 No. of ECCs Holding
VPF Nordea Norge Verdi  4,810,413 3.70 %
Verdipapirfondet DNB Norge (IV) 4,147,494 3.19 %
Sparebankstiftelsen SMN  3,965,391 3.05 %
VPF Odin Norge  3,826,686 2.95 %
State Street Bank and Trust CO (nominee) 3,472,091 2.67 %
VPF Odin Norden  3,363,290 2.59 %
VPF Pareto Aksje Norge  2,909,106 2.24 %
Vind LV AS   2,736,435 2.11 %
VPF Danske Invest Norske Aksjer Inst. II 2,400,567 1.85 %
Wimoh Invest AS  2,359,388 1.82 %
The Bank of New York Mellon (nominee) 1,892,398 1.46 %
Pareto AS   1,821,202 1.40 %
MP Pensjon PK  1,792,160 1.38 %
Forsvarets Personellservice 1,674,646 1.29 %
JP Morgan Chase Bank (Nominee) 1,611,137 1.24 %
VPF Nordea Kapital  1,383,148 1.07 %
DNB Livsforsikring AS  1,355,550 1.04 %
State Street Bank and Trust CO (nominee) 1,329,561 1.02 %
Verdipapirfondet DNB Norge Selektiv (III) 1,325,444 1.02 %
VPF Danske Invest Norske Aksjer Inst. I 1,207,123 0.93 %
The 20 largest ECC holders in total 49,383,230 38.03 %
Others   80,453,213 61.97 %
       
Total issued ECCs 129,836,443 100.00 %

Financial results

Annual report and notes

Downloads

© SpareBank 1 SMN