SpareBank 1 Sør-Norge is one of the largest savings banks in Norway, with employees and offices throughout the region. The main office is located in Stavanger.
We are part of the SpareBank 1 alliance, a nationwide cooperation between independent savings banks.
SpareBank 1 Sør-Norges' objective is to manage the bank's resources in such a manner that shareholders receive a yield in the form of dividends and a value increase which is competitive in relation to comparable investments.
Dividend policy
SpareBank 1 Sør‑Norge’s dividend policy is to distribute a minimum of 50 percent of the annual profit as a cash dividend. The Group has established a share buyback program as a supplement to cash dividends. When determining the size of the annual dividend, consideration shall be given to the Group’s capital needs, including capital adequacy requirements, as well as the Group’s objectives and strategic plans.
Disclosure of acquisition or disposal of major holdings
The Securities Trading Act section 4-2 regulates disclosure requirements of major shareholdings, rights etc. for companies listed on the Oslo Stock Exchange.
The threshold for reporting the acquisition of larger share and equity certificate holdings and rights to shares/equity certificates is detailed regulated in the Securities Trading Act, which was amended in 2008. The Act applies correspondingly to reductions to or crossing of the mentioned thresholds. Any disclosure notifications for SpareBank 1 Sør-Norge in the last 12 months can be found on the reporting system of the Oslo Stock Exchange.
Contact:
Jan Kristian Byberg
Phone: +47 51 50 93 68
jan.kristian.byberg@sr-bank.no
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