14.8.2023 19:05:27 CEST | Magnora ASA | Additional regulated information
required to be disclosed under the laws of a member state
As announced in a previous press release, Magnora's sound financial position and
expected cashflow will allow Magnora to commence with distribution of capital to
our shareholders. On 5 June 2023, Magnora's Board of Directors has authorised a
cash distribution of NOK 50,000,000 (total annual number) corresponding to NOK
0.748 per share.
The size of the cash distribution will be considered each time the board
approves a quarterly report. Going forward, Magnora's ambition is to increase
this quarterly distribution in line with the growth of the company. If deemed
appropriate by the Board of Directors, the quarterly review will also consider
special distributions on top of the regular distribution.
On 14 August, the Board of Directors held a board meeting to approve the
quarterly accounts and authorize cash distribution. The Board authorized a
payment of 0.187 per share. The cash distribution is based on the Company's
annual accounts for 2022 and was authorized by the AGM held on 25 April 2023.
The cash distribution is a repayment of paid-in capital in excess of the par
value of the Magnora share.
The table below sets out the key dates for the dividend payment.
Dividend amount | NOK 0.187
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Last day including right | 16 August 2023
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Ex-date | 17 August 2023
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Record date | 18 August 2023
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Payment date | 23 August 2023
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
* Torstein Sanness, Executive chairman, email: sanness at sf-nett.no
ABOUT MAGNORA ASA
Magnora ASA (OSE: MGN) invests 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 and Magnora South Africa. In addition, Magnora has legacy
revenues from its previous design business and potential milestone payments from
the sale of Evolar AB (sold to First Solar Inc). 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/17847805/2540/3530/Download%20announcement
%20as%20PDF.pdf