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The Supervisory Board has at its assembly on 25 March 2021 adopted the next resolutions:
Approval of the annual accounts and the administration report for 2020 – together with the applying of the online revenue for the 12 months
The supervisory board approves the board of administrators’ proposal concerning the annual accounts and administration report for 2020, and the proposal for utility of the online revenue. The supervisory board declares a dividend payout of NOK 1.30 per fairness certificates to events who’re fairness certificates holders as at 25 March 2021 with payout happening on 7 April 2021. SpareBank 1 SMN’s fairness certificates are quoted ex-dividend on 26 March 2021.
The supervisory board additionally approves the board of administrators’ advice to allocate NOK 321m to non-profit causes, of which NOK 95m is to be disbursed as donations to non-profit causes. The dividend equalisation fund and the ownerless capital obtain NOK 230m and NOK 130m respectively. The board of administrators is given authorisation to distribute the quantity put aside for non-profit causes.
The supervisory board votes in accordance with the board of administrators’ advice that SpareBank 1 SMN ought to make a bunch contribution totalling NOK 21,748,478.
The board of administrators is given authorisation to find out the distribution of all or elements of the remaining dividend and neighborhood dividend as introduced within the following merchandise.
Authorisation to the board of administrators to find out the payout of dividend up till the subsequent extraordinary assembly of the supervisory board
The supervisory board, with a foundation within the accredited annual accounts for 2020, authorises the board of administrators to find out additional distribution of dividend after 30 September 2021.
Below the authorisation the choice on and payout of dividend is proscribed to a most of NOK 3.10 per fairness certificates to events holding fairness certificates as on the date determined by the board of administrators.
Moreover, beneath the authorisation the choice on payout to non-profit causes is proscribed to a most of NOK 105 million, and switch to the inspiration Sparebankstiftelsen SMN is proscribed to a most of NOK 121 million. The board of administrators is given authorisation to distribute the quantity put aside for non-profit causes.
The authorisation applies up till the extraordinary assembly of the supervisory board in spring 2022. The board of administrators could not make use of the authorisation till the authorisation is registered with the Register of Enterprise Enterprises.
Coverage on the dedication of wage and different remuneration to senior workers
The supervisory board approves the board of administrators’ coverage on the dedication of wage and different remuneration to senior workers.
Company governance at SpareBank 1 SMN
The supervisory board took be aware of the account of company governance ideas and observe at SpareBank 1 SMN.
Authorisation to lift subordinated debt and challenge hybrid capital
The Supervisory Board authorised the Board of Administrators to lift subordinated loans, collectively or individually, in Norwegian forex or the equal in overseas forex, distributed as follows:
Subordinated debt NOK 1,000m
Hybrid capital NOK 1,000m
The authorisation stays legitimate till the ultimate accounts for 2021 are adopted.
Authorisation to accumulate and set up a safety curiosity within the Financial institution’s personal fairness certificates
The Supervisory Board resolved to authorise the Board of Administrators to accumulate, and to determine a safety curiosity in, the Financial institution’s treasury ECs in a complete nominal quantity of NOK 200m inside the limits set forth in regulation and laws and topic to the next circumstances:
- The general holding of ECs owned by the Financial institution and/or wherein it has a consensual safety curiosity could not exceed 5 per cent of the Financial institution’s issued EC capital.
- The smallest quantity payable for the ECs is NOK 1 and the best quantity is NOK 200.
- This restrict additionally applies to any consensual safety curiosity such that the declare which the safety curiosity is to cowl should be inside the mentioned quantity limits.
- Acquisition of ECs shall happen via buy within the securities market through Oslo Børs and disposal shall happen via sale on the identical market, within the occasion as a non-public inserting with workers in accordance with relevant legal guidelines and laws.
- The authorisation is legitimate for 18 months as from 26 March 2021.
- The authorisation replaces the prevailing repurchase authorisation.
Election of deputy chair of the Supervisory Board
Re-election of Per Olav Tyldum deputy chair for a two-year time period.
Election of members of the Board of Administrators
Re-election of Kjell Bjordal board member for a two-year time period.
Re-election of Morten Loktu as board member for a two-year time period.
Re-election of Christian Stav as board member for a two-year time period.
Election of Freddy Aursø as new member for a two-year time period.
The Supervisory Board took be aware of that Inge Lindseth and Christina Straub are workers everlasting board members and that Karin Norli is the staff’ deputy member of the board for a interval of two years.
Election of chair of the Board of Administrators
Kjell Bjordal re-elected as chair of the Board of Administrators for a two-year time period
Interim election of deputy chair of the Boards of Administrators
Interim election of deputy chair Christian Stav for a one-year time period
Elections to the Supervisory Board’s election committee
Lars Tvete was re-elected as consultant for the ECCs holders for a interval of two years.
Ingrid Finboe Svendsen was elected as consultant ECCs holder for a interval of two years.
Nils Martin Williksen was re-elected as alternate for the ECCs holders for a interval of two years
Berit Tiller was elected as alternate for the ECCs holders for a interval of two years
Lars B. Tvete was re-elected av chair of the Supervisory Board’s election committee for a interval of two years.
This info is topic of the disclosure necessities acc. to §5-12 vphl (Norwegian Securities Buying and selling Act)