Brief: Sparebanken Vest BOD Proposes Additional Profit Distribution

Sparebanken Norge

21/09/2023 08:44

Sept 21 (Reuters) - Sparebanken Vest  SVEG.OL :
    * THE BOARD OF DIRECTORS OF SPAREBANKEN VEST PROPOSES AN
ADDITIONAL PROFIT DISTRIBUTION FOR THE ACCOUNTING YEAR 2022
    * PROPOSED ADDITIONAL DISTRIBUTION FOR ACCOUNTING YEAR 2022
AMOUNTS TO APPROXIMATELY NOK 811 MILLION
    * PROPOSAL WILL BE DEALT WITH BY GENERAL MEETING ON 25
OCTOBER
2023
    * NOK 811 MILLION INCLUDE DONATIONS FOR PUBLIC BENEFIT
AMOUNTS TO
ABOUT NOK 482 MILLION
    * SUBJECT TO APPROVAL BY GENERAL MEETING, ADDITIONAL
DISTRIBUTION
IS EXPECTED TO BE PAID OUT ON OR AROUND 1 NOVEMBER 2023
    * NOK 811 MILLION INCLUDE CASH DIVIDEND TO EQUITY CAPITAL
CERTIFICATE HOLDERS AMOUNTS TO NOK 329 MILLION, EQUIVALENT TO
NOK 3 PER EQUITY CAPITAL CERTIFICATE
    * PROPOSED DISTRIBUTION WILL BE ACCOUNTED FOR IN CET1 RATIO
TO BE
REPORTED AS OF Q3 2023

Source text for Eikon:  ID:nObi0byFra 
Further company coverage:  SVEG.OL 

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