The Board of Directors of Sparebanken Vest proposes an additional profit distribution for the accounting year 2022

21 Sep 2023 09:28 CEST

The Board of Directors of Sparebanken Vest has today resolved to propose to the
General Meeting an additional profit distribution for the accounting year 2022.

The proposed additional distribution for the accounting year 2022 amounts to
approximately NOK 811 million, whereof donations for the public benefit amounts
to about NOK 482 million and the cash dividend to equity capital certificate
holders amounts to NOK 329 million, equivalent to NOK 3 per equity capital
certificate. The rate of distribution is equal between the equity certificate
capital and the primary capital, meaning that the owner fraction will be stable.

Based on the CET1 ratio as of Q2 2023, the additional distribution would have
reduced this by about 80 basis points, from 18.6 % to 17.8 %. The proposed
distribution will be accounted for in the CET1 ratio to be reported as of Q3
2023.

The proposal will be dealt with by the General Meeting on 25 October 2023.
Subject to approval by the General Meeting, the additional distribution is
expected to be paid out on or around 1 November 2023.

For more information, please contact: 
Jan Erik Kjerpeseth, CEO: +47 951 98 430
Frank Johannesen, CFO: +47 952 65 971
Brede Borgen Kristiansen, Director of Finance and Investor Relations: +47 479 06
402
Hanne Dankertsen, Director of Communications: +47 994 49 173 

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site