ADOPTION OF ANNUAL ACCOUNTS AND DIVIDEND AND OTHER RESOLUTIONS PASSED AT THE MEETING OF THE SUPERVISORY BOARD ON 25 MARCH 2010
(Thomson Reuters ONE) -
At its meeting on 25 March 2010, the Supervisory Board of SpareBank 1 SR-Bank
dealt with the annual statements and passed the following resolution:
"The Supervisory Board adopts the income statement and balance sheet for 2009
for SpareBank 1 SR-Bank and SpareBank 1 SR-Bank group, including year-end
appropriations and the application of the profit in accordance with the proposal
of the Board of Directors.
Parent company's profit after tax NOK 942 million
To reserve for evaluation differences NOK 59 million
Available for distribution NOK 883 million
Dividend (NOK 1.75 per equity capital certificate) NOK 212 million
To dividend equalisation reserve NOK 293 million
To Savings bank's fund NOK 220 million
To Endowment fund NOK 158 million
Total NOK 883 million"
The cash dividend to be distributed for 2009 was set at NOK 1.75 per equity
capital certificate. Dividend will be paid to those equity capital certificate
holders who are registered as owners as at 25 March 2010.
The bank's equity capital certificates will be quoted ex-dividend with effect
from 26 March 2010.
Dividends will be paid on or about 7 April 2010.
Other resolutions:
Authority to acquire and have liens/charges on own equity capital certificates
The Board was authorised to acquire and to arrange liens/charges on own equity
capital certificates for a total nominal value of NOK 300 million. The aggregate
holding of own equity capital certificates that the bank owns and/or has a
consensual charge agreement on may not exceed 10 per cent of the bank's equity
share capital. The authority is valid for one year from the date it is
registered in Register of Business Enterprises.
Authority for private placement with the employees
The Board was authorised to carry out a private placement of equity capital
certificates among the employees with a maximum subscription of NOK 30,000 per
employee. The issue will be carried with a discount of up to 20 per cent
compared with the market price. The equity share capital can be increased by up
to NOK 25 million.
Amendments to the Articles of Association:
New Article 3-5:
"Article 3-5 Distribution of documents that are published on the savings bank's
web sites
"When documents that relate to issues to that are to be dealt with by the
Supervisory Board are made available on the savings bank's web sites, the legal
requirements that the documents shall be distributed to the Supervisory Board's
members or others who by law shall receive such documents shall not apply. This
applies also to documents which according to law shall be included in or
appended to notice of the Supervisory Board's meeting, including the savings
bank's annual report. A member of the Supervisory Board or others who according
to law shall receive such documents may, nevertheless, demand that such
documents be sent to him or her."
Article 5.1, 3rd sub-section, final sentence of the Articles of Association is
amended from:
"Two deputies shall be elected for members elected by the Supervisory Board. The
first deputy shall regularly attend meetings and have the right to speak"
to
"Two deputies shall be elected for members elected by the Supervisory Board."
Election
Supervisory Board:
Svein Kjetil Søyland was re-elected as Chairman for a period of 1 year
Magne Vathne was re-elected as deputy member for a period of 1 year
Board of Directors:
Kristian Eidesvik was re-elected as Chairman of the Board for a period of 2
years
The following were re-elected to the Board for a period of 2 years:
Erik Edvard Tønnesen, Birthe C. Jørgensen and Tor Magne Lønnum
Erling Øverland was elected a new Board member for a period of 1 year
Mari Rege was elected as new 1st deputy member for a period of 1 year
Kristine Tveteraas was re-elected as 2nd deputy member for a period of 1 year
Audit Committee:
The following were re-elected as members for a period of 2 years:
Odd Broshaug, Egil Fjogstad and Siv Gausdal Eriksen
Sølvi L. Nordtveit was re-elected as 1st deputy member for a period of 2 years
Nomination Committee:
Arne Madland was re-elected as member for a period of 2 years
Helge Leiro Baastad was elected as new member for a period of 2 years
Alfred Ydstebø was elected as observer for a period of 1 year
Remunerations/Fees:
Board of Directors:
Remuneration to the Chairman of the Board was raised by NOK 30,000 to NOK
330,000
Remuneration to the 1st deputy member is set at NOK 25,000 per year, plus NOK
10,000 per meeting
Audit Committee:
Remuneration is set at NOK 4,000 per meeting for the Chairman and members and
NOK 10,000 per year for members.
Other fees and remunerations are unchanged.
Stavanger, 25 March 2010
Questions should be submitted to:
* Inge Reinertsen, Group Director Economy & Finance
Telephone + 47 90 99 50 33 or
* Kyrre M. Knudsen , Manager IR
Telephone + 47 93 88 35 18
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1397916]
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Datum: 25.03.2010 - 14:06 Uhr
Sprache: Deutsch
News-ID 1011954
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