17.7.2025 16:53:11 CEST | Magnora ASA | Additional regulated information required to be disclosed under the laws of a member state
On 17 July 2025, Magnora's Board of Directors approved a payment of NOK 0.187 per share.
The cash distribution is a regular quarterly dividend in the form of repayment of paid-in capital in excess of the par value of the Magnora share. The level is the same as in previous quarters.
The table below sets out the key dates for the payment.
Amount per share
NOK 0.187
Last day including right
21 July 2025
Ex-date
22 July 2025
Record date
23 July 2025
Payment date
28 July 2025
The decision is based on the authorisation by the Annual General Meeting held on 29 April 2025 to the Board of Directors to resolve dividends.
Magnora’s substantial cash reserve and loan facilities remain sufficient to invest in new growth opportunities and continue to grow the business organically.
Financial strategy and dividend policy: Magnora allocates capital to where the company expects a return well above the cost of capital. The capital structure is normally all equity based with substantial cash. Taking into account the need for growth capital and expected future cash flows, excess capital will normally be returned to the shareholders through dividend, repayment of paid-in capital or share buybacks with subsequent cancelling of shares. Such excess capital may include received earn-out payments related to past project sales, which upon receipt may lead to extraordinary dividend or capital return.
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Erik Sneve, CEO, email: es at magnoraasa.com
About Magnora ASA
Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and battery storage projects. Magnora has operations in Europe and Africa through the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS, Magnora Germany, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and AGV. Magnora also has earnout revenues related to the former portfolio companies Helios Nordic Energy and Evolar. Magnora is listed on the main list of the Oslo Stock Exchange under the ticker MGN.
Attachments
Download announcement as PDF.pdf
