Magnora ASA

Transaction in Own Shares • Apr 29, 2025

Magnora ASA: Launch of new share buyback programme

Magnora ASA: Launch of new share buyback programme

29.4.2025 11:30:01 CEST | Magnora ASA | Additional regulated information

required to be disclosed under the laws of a member state

Magnora, the Norwegian renewable-energy development company, launches a new

share buyback programme.

Transactions will be carried out in accordance with the authorisation granted by

the Annual General Meeting (AGM) on 29 April 2025, by market purchases based on

the market price on the Oslo Stock Exchange. The maximum consideration to be

paid for shares acquired under the programme is NOK 35 per share and NOK 100

million in aggregate. The maximum number of shares that may be acquired under

the programme is 6,578,182. The programme will be terminated no later than AGM

2026 or 30 June 2026 whichever comes first. Magnora may at any time without

further notice close or suspend the programme. Shares purchased under the

programme will be used to reduce the number of outstanding shares, for the

issuing of compensation shares or other corporate purposes.

The decision to launch the programme is based on Magnora's sound financial

position, the large and growing project portfolio, and the outlook for cash flow

including project sales and revenues. Share buybacks will be performed more

actively in periods where the share is perceived as favourably priced relative

to fundamentals. Both buybacks and cash return to shareholders will be

considered regularly in light of the market conditions and the company's

development.

Magnora's financial strategy and cash return policy:

Magnora allocates capital to where the company expects a return well above the

cost of capital. The capital structure is normally all equity based with

substantial cash. Taking into account the need for growth capital and expected

future cash flows, excess capital will normally be returned to the shareholders

through dividend, repayment of paid-in capital or share buybacks with subsequent

cancelling of shares. Such excess capital may include received earn-out payments

related to past project sales, which upon receipt may lead to extraordinary

dividend or cash return.

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) is a renewable-energy group developing wind, solar and

battery storage projects. Magnora has operations in Europe and Africa through

the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,

Magnora Germany, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa,

and AGV. Magnora also has earn-out revenues related to the former portfolio

companies Helios Nordic Energy and Evolar, and a financial ownership in Hermana

Holding. Magnora is listed on the main list of the Oslo Stock Exchange under the

ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847805/18509376/6012/Download%20announce

ment%20as%20PDF.pdf