16.8.2024 07:00:01 CEST | Magnora ASA | Non-regulatory press releases

With payments of NOK 4.187 per share due on 16 August, Magnora's total return of
capital to shareholders touches NOK 1 billion.

Since 2018, under new leadership, Magnora's renewables strategy has generated
829.6 MNOK of payouts to shareholders in the form of dividends and return of
capital. In addition, the Group has distributed 70 percent of its legacy
business through the demerging and listing of Hermana Holding ASA on the main
list of the Oslo Stock Exchange. 

The cash distribution on 16 August is a repayment of paid-in capital in excess
of the par value of the Magnora share.

CONTACTS

 * Erik Sneve, CEO, email: es at magnoraasa.com 

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) Magnora's portfolio of renewable companies consists of
Kustvind AB, Magnora Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol
AS, Magnora South Africa, and AGV. Magnora also has a share in the future
success of Helios Nordic Energy (Vinci Concessions), Evolar (First Solar), and
Hermana Holding (design royalties). The company is listed on the main list on
Oslo Stock Exchange under the ticker MGN. 

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18203137/4845/Download%20announce
ment%20as%20PDF.pdf