The Storebrand share
Shares in Storebrand ASA are quoted on the Oslo Stock Exchange (OSE) with the ticker code STB.
About the Storebrand share
The Board continually assesses the company's solvency ratio requirement in the light of the company's goals, strategy and risk profile. The Board has prepared a clear and predictable dividend policy. The Annual General Meeting (the "AGM") determines the annual dividend, based on a proposal from the Board.
Storebrand ASA has only one class of shares, and under Norwegian regulations shareholders may not carry over votes from one matter in order to obtain more for another (cumulative voting).
All shares have equal rights and are freely negotiable with the exception of shares purchased by employees at a reduced price. The Articles of Association contain no restrictions concerning negotiability.
Storebrand ASA is one of the largest companies listed on the Oslo Stock Exchange by number of shareholders.
Shareholder register
As of 30.06.2023:
| Fund manager | Total percent |
|---|---|
| Folketrygdfondet | 10.10 % |
| T Rowe Price Global Investments | 6.20 % |
| Vanguard Group | 4.81 % |
| Allianz Global Investors | 3.86 % |
| KLP | 3.28 % |
| EQT Fund Management | 3.27 % |
| Storebrand ASA | 2.82 % |
| Storebrand Asset Management | 2.36 % |
| BlackRock | 2.31 % |
| DNB Asset Management | 2.15 % |
| Total 20 largest shareholders | 56.72 % |
Equity analysts following Storebrand
| Company | Analyst | Telephone |
|---|---|---|
| ABG Sundal Collier | Jan Erik Gjerland | +47 220 16 116 |
| AlphaValue | Tommaso Nieddu | +33 1 70 61 10 66 |
| Arctic | Roy Tilley | +47 484 03 224 |
| Berenberg | Tryfonas Spyrou | +44 203 753 3058 |
| BofA | David Barma | +44 735 424 8822 |
| Carnegie | Johan Ström | +47 934 09 352 |
| Danske Bank | Hans Rettedal Christiansen | +47 85 40 70 73 |
| DNB Markets | Håkon Astrup | +47 948 50 243 |
| Jefferies | Philip Kett | +44 20 7548 4126 |
| Keefe Bruyette & Woods | Michele Ballatore | +44 207 663 5286 |
| Kepler Cheuvreux | Peter Eliot | +44 207 621 5146 |
| Nordea | Ulrik Årdal Zürcher | +47 240 10 276 |
| Pareto Securities | Vegard Toverud | +47 986 69 533 |
| SEB | Thomas Svendsen | +47 948 07 949 |
Dividend policy
The Board of Directors ambition is to pay ordinary dividends per share of at least the same nominal amount as the previous year. Ordinary dividends are subject to a sustainable solvency margin of above 150%. If the solvency margin is above 175%, the Board of Directors intends to propose special dividends or share buy bac
| AGM decision date | Payment date | Dividend per share (NOK) |
|---|---|---|
| 04.04.2024 | from 16.04.2023 | 4.10 |
| 13.04.2023 | from 25.04.2023 | 3.70 |
| 06.04.2022 | 21.04.2022 | 3.50 |
| 08.04.2021 | 20.04.2021 | 3.25 |
| 17.06.2020 | Cancelled | 0.00 |
| 10.04.2019 | 24.04.2019 | 3.00 |
| 11.04.2018 | 24.04.2018 | 2.50 |
| 05.04.2017 | 21.04.2017 | 1.55 |
| 2012–2016 | 0.00 | |
| 14.04.2011 | 05.05.2011 | 1.10 |
| 2009–2010 | 0.00 | |
| 23.04.2008 | 06.05.2008 | 1.20 |
| 25.04.2007 | 08.05.2007 | 1.80 |
| 03.05.2006 | 15.05.2006 | 4.00 |
| 20.04.2005 | 06.05.2005 | 7.00 |
| 28.04.2004 | 13.05.2004 | 0.80 |
| 29.04.2003 | 0.00 | |
| 24.04.2002 | 0.00 | |
| 25.04.2001 | 11.05.2001 | 1.10 |
| 03.05.2000 | 23.05.2000 | 1.00 |
| 1995–1999 | 0.00 | |
| 25.05.1994 | 14.06.1994 | 0.20 |
| 1993 | 0.00 | |
| 13.05.1992 | 29.05.1992 | 2.60 |
| 28.05.1991 | 11.06.1991 | 2.40 |
| 02.05.1990 | 22.05.1990 | 2.40 |
Issued shares
Note: The table below is might be wider than your screen. You can scroll the content right and left.
| Share capital | Lot | Number of shares | Share capital NOK mill. | Foreign ownership (%) |
|---|---|---|---|---|
| 11.08.2023 | 465,497,866 | 2,330 | 50.3 | |
| 31.12.2021 | 471,974,890 | 2,360 | 50.1 | |
| 30.09.2021 | 471,974,890 | 2,360 | 52.8 | |
| 31.12.2020 | 467,813,982 | 2,339 | 56.6 | |
| 31.12.2019 | 467,813,982 | 2,339 | 56.2 | |
| 31.12.2018 | 467,813,982 | 2,339 | 57.4 | |
| 31.12.2017 | 467,813,982 | 2,339 | 55.6 | |
| 31.12.2016 | 449,909,891 | 2,249 | 56.8 | |
| 31.12.2015 | 449,909,891 | 2,249 | 64.5 | |
| 31.12.2014 | 449,909,891 | 2,249 | 53,7 | |
| 31.12.2013 | 449,909,891 | 2,249 | 54.0 | |
| 31.12.2012 | 449,909,891 | 2,249 | 50.0 | |
| 31.12.2011 | 449,909,891 | 2,249 | 55.0 | |
| 31.12.2010 | 449,909,891 | 2,249 | 40.7 | |
| 31.12.2009 | 449,909,891 | 2,249 | 51.5 | |
| 31.12.2008 | 200 | 449,909,891 | 2,249 | 48.5 |
| 31.12.2007 | 100 | 449,909,891**** | 2,249**** | 75.7 |
| 31.12.2006 | 200 | 249,819,105*** | 1,249*** | 72.1 |
| 31.12.2005 | 200 | 258,526,245 | 1,292 | 58.3 |
| 24.11.2005 | 200 | 258,526,245** | 1,292 | 66.1 |
| 31.12.2004 | 200 | 278,181,882 | 1,390 | 45.3 |
| 31.12.2003 | 200 | 278,070,522 | 1,390 | 35.5 |
| 31.12.2002 | 200 | 277,802,422 | 1,389 | 32.2 |
| 31.12.2001 | 200 | 277,680,322 | 1,388 | 37.1 |
| 31.12.2000 | 200 | 277,547,322 | 1,388 | 32.1 |
| 31.12.1999 | 200 | 277,430,322 | 1,387 | 43.1 |
| 31.12.1998 | 500 | 277,149.822 | 1,385 | 43.0 |
| 13.05.1998 | 200 | 277,149,288* | 1,386* | 43.1 |
| 31.12.1997 | 200 | 376,983,307 | 1,885 | 31.8 |
| 31.12.1996 | 500 | 376,716,737 | 1,884 | 35.4 |
* 100 million preference shares of NOK 500 million in share capital redeemed 13 May 1998.
** Storebrand ASA's share capital reduced through cancelling of 19 655 637 own shares.
*** Storebrand ASA's share capital reduced through cancelling of 8 707 140 own shares.
**** Rights offering after acquisition of SPP
Legal Information
Storebrand ASA is a financial institution subject to the Norwegian Act on Financing Activity and Financial Institutions (the Financial Institutions Act). The Financial Institutions Act contains certain provisions regarding, amongst other things, ownership structure and acquisition of holdings in a financial institution.
The acquisition of qualifying holdings in a financial institution requires prior notification to and authorization given by Norwegian regulatory authority pursuant to an assessment of fitness and propriety of the aquirer, cf. the Financial Institutions Act § § 2-2 — 2-5.
A qualifying holding means a holding which represents 10 percent of more of the capital or voting rights in a financial institution, or which makes it possible to exercise significant influence on the management of the institution and its business.
The Act can be found on the following webpage: www.lovdata.no.
IR Policy
Purpose
Investor Relations (IR) works to ensure that owners, potential investors and other financial market stakeholders simultaneously receive correct, concise, relevant and holistic information about Storebrand. A frequent and reliable dialogue with shareholders and analysts, both in Norway and abroad, is a priority for Storebrand.
We comply with the Oslo Stock Exchange Code of Practice for IR of April 2017. Please visit www.ose.no/ob_eng for more information.
Guidelines
Storebrand's communication with market participants will be based on transparency, and will comply with the obligation regarding equal treatment of all stakeholders.
All price sensitive information will be distributed simultaneously to all market participants. This implies that such information will be distributed through the Oslo Stock Exchange, Storebrand's IR web site and our IR mailing lists. When relevant, press releases from Storebrand's Information department will also be distributed to investors.
To ensure that all market participants have the same information during the Oslo Stock Exchange opening hours, we will to the extent possible release price sensitive information when the Oslo Stock Exchange is closed.
Our guidelines for scheduled reporting as well as various meetings and other forms of communication with market participants are specified below.
Results reporting
In relation with quarterly results reporting, there will be held presentations open to all stakeholders e.g. investors and analysts. The presentations will be webcasted on Storebrand's IR web site.
Quarterly reports will normally be publicized within 45 days after the end of the quarter. The reporting schedule is specified in the financial calendar, which is available on Storebrand's IR web site.
Analyst consensus estimates will be made available on Storebrand's IR web pages, with a disclaimer stating that Storebrand does not endorse the estimates.
Web, telephone and e-mail
Our Investor Relations web site (www.storebrand.no/ir) will be continuously updated and contain extensive new and historical information, relevant to investors and analysts. We will respond promptly to all phone and e-mail enquiries during office hours. When required we will also give due response after normal office hours.
Investor-, analyst- and press meetings
In addition to quarterly results presentations, Storebrand will conduct meetings with investors, analysts and the media on request. Storebrand's IR staff will be available on short notice. Storebrand Investor Relations will seek to include senior management in these meetings whenever possible.
Our admission to provide information about Storebrand to single parties, such as individual investors and analysts, is limited by the continuing obligations of stock exchange listed companies, specifically those regarding good stock exchange practice and equal treatment.
Capital Markets Day
We will arrange a Capital Markets Day biannually.