Hermana Holding — M&A Activity 2025

Jun 16, 2025

Hermana Holding ASA: Sale of Hermana shares to existing Magnora shareholders

Hermana Holding ASA: Sale of Hermana shares to existing Magnora shareholders

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES.

Hermana Holding ASA (“Hermana” or the “Company”) has been informed that Magnora ASA (“Magnora”), the Company’s largest shareholder, has accepted an offer for its full shareholding in Hermana. The bid was submitted by a small group of existing shareholders in Magnora (the “Bidding Investors”) through Skandinaviska Enskilda Banken AS Publ. (“SEB”). The bid price is NOK 10 per share. To facilitate equal treatment of its shareholders, Magnora has agreed with the Bidding Investors to launch an open bookbuilding process for a part of the Offering at a fixed price of NOK 10 per share.

The full announcement from Magnora, including details about the transaction and application process, is available on Oslo Børs' news platform www.newsweb.no under Magnora ASA.

Certain Magnora shareholders also being primary insiders of Hermana (and with management/Board position in Hermana as stated below) intend to subscribe for the following:

Erik Sneve, Chair of the Board: up to NOK 1,500,000

Hilde Ådland, Board member: up to NOK 200,000

Torstein Sanness, Board member: up to NOK 200,000

Stein Bjørnstad, CEO: up to NOK 100,000

Bård Olsen, CFO: up to NOK 150,000

Morten Strømgren, SVP: up to NOK 100,000

About Hermana:

Hermana Holding ASA is a royalty and investment company that provides financing in exchange for revenue streams or ownership stakes. The company has been listed on the main list of the Oslo Stock Exchange since June 2024. Hermana has revenues from FPSO design rights previously owned by Sevan Marine ASA and Magnora ASA. Hermana has low costs and a patient and ambitious approach to capital allocation.