Magnora ASA

Director's Dealing • Jun 16, 2021

Magnora ASA: Mandatory notification of trade – CEO buys Magnora shares

Magnora ASA: Mandatory notification of trade – CEO buys Magnora shares

Erik Sneve, CEO of Magnora ASA, has purchased 50,000 shares in Magnora ASA (“Magnora”) today 16 June 2021 at an average price of NOK 18 per share.

Following this acquisition, Mr. Sneve’s total ownership directly and through affiliated ownership through close family and other accounts is 717,319 shares, which equals 1.26 percent of the issued shares and votes in the Company.

Mr. Sneve also holds 550,000 share options in Magnora ASA.

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For further information, please contact:

Torstein Sanness, working chairman: sanness at sf-nett.no

Erik Sneve, CEO: es at magnoraasa.com

About Magnora

Magnora ASA (OSE: MGN) is a profitable renewable energy development company looking for green investment opportunities. Magnora’s portfolio of renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB, Magnora Offshore Wind AS, Vindr Group AS, and a South African SPV. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.