Magnora ASA

Remuneration Information • Nov 7, 2024

Magnora ASA: Grant of share options under share incentive scheme

Magnora ASA: Grant of share options under share incentive scheme

7.11.2024 21:04:08 CET | Magnora ASA | Additional regulated information required

to be disclosed under the laws of a member state

Erik Sneve, CEO of Magnora ASA, has been granted 75,000 options with a strike

price of NOK 23.76, which gives him the rights to acquire 75,000 additional

shares in the Company.

Vesting period is 3 years, and the options expire 5 years from vesting date.

Mr. Sneve's total ownership directly and through affiliated ownership through

close family and other accounts is 1,183,871 shares, which equal to 1.8 percent

of the issued shares and votes in the Company.

Mr. Sneve holds 525,000 share options in Magnora ASA including the 75,000

options mentioned above.

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) 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/17847805/18315084/5217/Download%20announce

ment%20as%20PDF.pdf