Onsdag 30 Oktober | 09:28:16 Europe / Stockholm

Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

Tid*
2024-10-18 - X-dag kvartalsutdelning MGN 0.187
2024-10-15 - Kvartalsrapport 2024-Q3
2024-08-13 - X-dag kvartalsutdelning MGN 4.187
2024-07-15 - Kvartalsrapport 2024-Q2
2024-04-23 - Årsstämma
2024-04-17 - X-dag kvartalsutdelning MGN 0
2024-04-16 - Kvartalsrapport 2024-Q1
2024-03-01 - X-dag kvartalsutdelning MGN 0.187
2024-02-29 - Bokslutskommuniké 2023
2024-02-19 - Extra Bolagsstämma 2023
2023-10-26 - X-dag kvartalsutdelning MGN 0.187
2023-10-23 - Kvartalsrapport 2023-Q3
2023-08-17 - X-dag kvartalsutdelning MGN 0.187
2023-08-15 - Kvartalsrapport 2023-Q2
2023-05-16 - Kvartalsrapport 2023-Q1
2023-04-26 - X-dag ordinarie utdelning MGN 0.00 NOK
2023-04-25 - Årsstämma
2023-02-14 - Bokslutskommuniké 2022
2022-11-08 - Kvartalsrapport 2022-Q3
2022-08-09 - Kvartalsrapport 2022-Q2
2022-05-10 - Kvartalsrapport 2022-Q1
2022-04-27 - X-dag ordinarie utdelning MGN 0.00 NOK
2022-04-26 - Årsstämma
2022-02-15 - Bokslutskommuniké 2021
2021-11-16 - Kvartalsrapport 2021-Q3
2021-08-17 - Kvartalsrapport 2021-Q2
2021-05-19 - Kvartalsrapport 2021-Q1
2021-04-28 - X-dag ordinarie utdelning MGN 0.00 NOK
2021-04-27 - Årsstämma
2021-02-16 - Bokslutskommuniké 2020
2020-11-24 - Kvartalsrapport 2020-Q3
2020-08-25 - Kvartalsrapport 2020-Q2
2020-07-20 - X-dag bonusutdelning MGN 0.08
2020-05-26 - Årsstämma
2020-05-26 - Kvartalsrapport 2020-Q1
2020-03-10 - X-dag ordinarie utdelning MGN 0.25 NOK
2020-02-14 - Bokslutskommuniké 2019
2019-11-19 - Kvartalsrapport 2019-Q3
2019-08-23 - Kvartalsrapport 2019-Q2
2019-05-21 - Kvartalsrapport 2019-Q1
2019-05-10 - X-dag ordinarie utdelning MGN 0.00 NOK
2019-05-09 - Årsstämma
2019-02-15 - Bokslutskommuniké 2018
2018-12-18 - Extra Bolagsstämma 2018
2018-11-27 - Kvartalsrapport 2018-Q3
2018-10-23 - X-dag bonusutdelning MGN 8.5
2018-07-10 - Kvartalsrapport 2018-Q2
2018-05-25 - X-dag ordinarie utdelning MGN 0.50 NOK
2018-05-24 - Årsstämma
2018-05-23 - Kvartalsrapport 2018-Q1
2018-02-28 - Bokslutskommuniké 2017
2017-11-21 - Kvartalsrapport 2017-Q3
2017-08-29 - Kvartalsrapport 2017-Q2
2017-05-26 - X-dag ordinarie utdelning MGN 0.00 NOK
2017-05-24 - Årsstämma
2017-05-23 - Kvartalsrapport 2017-Q1
2017-02-21 - Bokslutskommuniké 2016
2016-11-09 - Kvartalsrapport 2016-Q3
2016-08-25 - Kvartalsrapport 2016-Q2
2016-05-26 - X-dag ordinarie utdelning MGN 0.00 NOK
2016-05-25 - Årsstämma
2016-05-25 - Kvartalsrapport 2016-Q1
2016-02-24 - Bokslutskommuniké 2015
2015-11-11 - Kvartalsrapport 2015-Q3
2015-08-19 - Kvartalsrapport 2015-Q2
2015-05-22 - X-dag ordinarie utdelning MGN 0.00 NOK
2015-05-21 - Årsstämma
2015-05-20 - Kvartalsrapport 2015-Q1
2015-02-25 - Bokslutskommuniké 2014
2014-11-19 - Kvartalsrapport 2014-Q3
2014-08-20 - Kvartalsrapport 2014-Q2
2014-05-26 - X-dag ordinarie utdelning
2014-05-23 - Årsstämma
2014-05-21 - Kvartalsrapport 2014-Q1
2014-02-26 - Bokslutskommuniké 2013
2013-11-20 - Kvartalsrapport 2013-Q3
2013-09-26 - Extra Bolagsstämma 2013
2013-08-28 - Kvartalsrapport 2013-Q2
2013-05-29 - Kvartalsrapport 2013-Q1
2013-05-24 - Årsstämma
2013-02-27 - Bokslutskommuniké 2012
2012-11-21 - Kvartalsrapport 2012-Q3
2012-08-29 - Kvartalsrapport 2012-Q2
2012-05-25 - Årsstämma
2012-05-23 - Kvartalsrapport 2012-Q1
2012-05-23 - Årsstämma
2012-02-22 - Bokslutskommuniké 2011
2011-11-09 - Kvartalsrapport 2011-Q3
2011-08-26 - Kvartalsrapport 2011-Q2
2011-05-31 - Kvartalsrapport 2011-Q1
2011-04-28 - Årsstämma
2011-02-15 - Bokslutskommuniké 2010
2010-11-10 - Kvartalsrapport 2010-Q3
2010-08-25 - Kvartalsrapport 2010-Q2
2010-05-12 - Kvartalsrapport 2010-Q1
2010-04-21 - Årsstämma
2010-02-10 - Bokslutskommuniké 2009
2009-11-04 - Kvartalsrapport 2009-Q3

Beskrivning

LandNorge
ListaOB Match
SektorIndustri
IndustriIndustriprodukter
Magnora är verksamma inom energisektorn. Bolaget investerar i förnybara energilösningar såsom sol och vindkraft. Bolaget är verksamma inom hela värdekedjan, från identifiering av investeringsmöjligheter, till den färdigbyggda fasen. Verksamhet innehas på global nivå, med störst närvaro inom den nordiska marknaden. Bolaget grundades ursprungligen under 2001 och har sitt huvudkontor i Arendal.
2024-05-29 18:13:44
29.5.2024 18:13:41 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state

The following was communicated to the Oslo Stock Exchange today at 18:00. On 29
May, a deal was signed to sell all shares in Helios Nordic Energy AB (Helios) to
the French industrial infrastructure company Vinci. The current owners of Helios
will receive an upfront payment of approximately NOK 850 million (EUR 73
million) and a substantial earnout component. Magnora holds 40% of the company's
shares prior to the transaction and will receive a corresponding share of
upfront payment and earnout payments.*

For five years after closing, the sellers will benefit from an earnout tied to
Helios's portfolio of unsold projects. The earnout agreement could be worth up
to NOK 3 billion if the entire portfolio subject to earnout is realized.**

For Magnora, this represents an excellent strategic solution, with the French
industrial infrastructure company Vinci becoming the sole owner of Helios, and
transforming Helios from a development company to an independent power producer.
In Magnora's view, this is the best outcome to secure maximum utilization and
deployment of Helios' portfolio. Magnora believes the sale will create more
value for current shareholders of Helios than a series of individual third-party
sales of projects and portfolios.

Vinci is one of the largest industrial infrastructure companies in the world. In
the year 2023, Vinci had EUR 69.6 billion in revenues, EUR 8.07 billion in EBIT,
EUR 5.1 billion in net income, and EUR 118.5 billion in total assets. Vinci is
listed on the Paris Stock Exchange and is part of the EuroStoxx 50 index.
Vinci's market capitalization as of 28 May 2024 is approximately EUR 65 billion.

As part of the agreement, Helios's current management will continue to manage
and run Helios with an attractive incentive model in addition to the earn-out
payments to owners.

Magnora will receive an estimated NOK 335 million at closing.*** In addition,
Magnora expects multiple payments through the earnout mechanism for five more
years. In line with Magnora's capital distribution program, launched in June
2023, such extraordinary income may result in extraordinary distributions to
shareholders. The upfront payment calls for a NOK 4 per share dividend to be
formalized by a board meeting on the first practical occasion following closing.
In addition, Magnora's plan is for earn-out payments to be subject to the same
policy. Further guiding on the distribution of earnout payments will be
announced in due course.

Closing of the transaction is subject to the buyer receiving FDI approval from
the Swedish FDI Authority. The expectation is that clearance can be received
soon.

"There is an obvious rationale in transferring Helios to an ambitious and
resourceful owner - Vinci is one of the largest and most successful industrial
infrastructure companies in the world that aims to build and operate a large
solar pv portfolio in the Nordics over the coming years," says Erik Sneve, CEO
of Magnora ASA.

"The deal is mutually beneficial. Vinci is buying one of the most mature
landbanks in Sweden. Helios gets a secure taker of projects that allows the
company's great team of developers to continue with what they do best with
considerably less market risk and improved predictability. Magnora gets an early
payout from the successes Helios has achieved and a more secure source of
earnings for years to come," concludes Mr. Sneve.

Nicolas Notebaert, CEO of VINCI Concessions, said: "I am pleased to welcome
Helios and its team within VINCI Concessions, experts in providing energy
renewable sources thanks to solar and energy storage business in Nordic
countries."

Magnora made its first and second investment in Helios AB in January and
September of 2021 and this initial investment has already been recovered through
multiple dividends from Helios.



About Vinci

VINCI is a world leader in concessions, energy and construction with assets that
include French toll roads, tunnels, bridges and airports globally such as
Gatwick Airport and New Kansai. VINCI is active in more than 120 countries with
ambitions to grow a green energy portfolio. The company employs 280,000 people
including some 2,500 in Sweden. The company is listed on the Paris Stock
Exchange and is included in Eurostoxx 50. Vinci owns and operates the following
businesses in Sweden today: Actemium, Axians, Emil Lundgren, Eitech, Inac,
Omexom and Sunmind.



* BASED ON AN EXCHANGE RATE OF EUR/NOK OF 11.57 - THE ACTUAL EXCHANGE RATE WILL
BE SET THREE BUSINESS DAYS PRIOR TO COMPLETION. FULLY DILUTED, MAGNORA'S SHARE
IS CALCULATED TO BE 38.9 PERCENT AFTER THE EXERCISING OF EMPLOYEE OPTIONS.

** EARNOUT IS SUBJECT TO HELIOS MEETING CERTAIN PRE-DEFINED MATURITY CRITERIA
AND FID, WHILE EXTERNAL SALES ARE DEPENDENT ON MARKET PRICES. ADJUSTMENTS FOR
ALREADY SOLD PROJECTS CAN ADD TO, OR SUBTRACT FROM, THE EARNOUT. NOTE: THESE
FORWARD-LOOKING STATEMENTS ARE SUBJECT TO THE FULL SET OF DISCLAIMERS LISTED IN
MAGNORA'S QUARTERLY REPORTS AND ANNUAL REPORTS.

*** THE FIGURE IS A PRELIMINARY CALCULATION BEFORE TRANSACTION COSTS AND BEFORE
EXCHANGE RATES AND INTEREST PAYMENTS ARE FINALLY DETERMINED.





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) has a legacy royalty business that is re-invested in
renewable energy development projects and companies. Magnora's portfolio of
renewable companies consists of Helios Nordic Energy AB, Kustvind AB, Magnora
Offshore Wind AS, Magnora Solar PV UK, Hafslund Magnora Sol AS, Magnora South
Africa, and AGV. 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/17847805/3164/4583/Download%20announcement
%20as%20PDF.pdf