Repurchase of Shares

With reference to Magnora ASA’s stock exchange announcement from May 21, 2019, Magnora ASA has on September 2nd, 2019, bought 862 shares in Magnora ASA at an average price of NOK 5.95 per share. Magnora ASA now holds 862 of own shares after this trade, which...

Magnora ASA 1st half 2019 results – The transformation to a low operating cost yield-company is now completed after NOK 499.7 million paid out during last 9 months to shareholders

Oslo, Norway, 23 August 2019: MAGNORA ASA, a leading Norwegian royalty and license revenue company reports second quarter and half-year 2019 results. CEO Erik Sneve and Executive Chairman Torstein Sanness commented: “Magnora ASA has returned NOK 499.7 million over the...

Magnora ASA appoints new CFO

Mr. Bård Olsen has been appointed as CFO and will assume the role from September 1st, 2019. Mr. Olsen holds a BS in Finance and MBA from Arizona State University and has over 20 years of experience from controlling, audit, compliance, M&A and due diligence from...

Share capital reduction and dividend strategy

As announced by the Company on July 01, 2019, Magnora ASA will pay MNOK 52.6 to its shareholders on 11 July 2019. This capital reduction is in line with the company´s strategy outlined on December 10th, 2018. We are proud to have returned in total MNOK 499.7,...