Investor Relations
Magnora aims to make sure the market is in possession of correct, clear and timely information about the company’s operations and condition at all times. This is essential for efficient pricing of the shares as well as confidence in the company. The Board has established guidelines for the reporting of financial and other information – and for any contact with shareholders beyond the scope of General Meetings – based on openness and equal treatment of all participants in the securities market. There shall be sufficient information on a timely basis to the market as the basis for a fair valuation of Magnora shares. The CEO is responsible for investor relations.
Calendar
Reports
Policy
Coverage
Announcements
Shareholders
Meetings
Calendar
Financial Calendar
Financial calendar 2025
27.02. Annual Report
25.04. Quarterly Report Q1
29.04. Annual General Meeting
18.07. Half-yearly Report
24.10. Quarterly Report Q3
Reports
Financial Reports
Quarterly Report
Q3 Report 2024
Q2 Report 2024
Q1 Report 2024
Q3 Report 2023
Q2 Report 2023
Q1 Report 2023
Q4 Report 2022
Q3 Report 2022
Q2 Report 2022
Q1 Report 2022
Q4 Report 2021
Q3 Report 2021
Q2 Report 2021
Q1 Report 2021
Q4 Report 2020
Q3 Report 2020
Q2 Report 2020
Q1 Report 2020
Q4 Report 2019
Q3 Report 2019
Q2 Report 2019
Q1 Report 2019
Policy
Dividend 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 capital return.
Coverage
Analyst Coverage
Clarksons Securities: Roald Hartvigsen +47 99 31 02 30
Danske Bank: Jørgen Andreas Lande +47 85 40 77 47
Fearnley Securities: Lars August Christensen +47 22 93 60 00
Kepler Cheuvreux: Oscar Ronnov +47 90 21 02 92
Pareto Securities: Kari Eide Hartvedt +47 22 87 88 18 ; Bård Rosef +47 24 13 21 56
SEB: Petter Billing +47 99 26 80 96 ; Anders Rosenlund +47 21 00 85 02
Announcements
Shareholders
| Investor | Number of Shares | % of Top 20 | % of Total | Type | Country |
|---|---|---|---|---|---|
| GINNY INVEST AS | 2,469,144.00 | 9.23 % | 4.33 % | COMP | NOR |
| KING KONG INVEST AS | 2,400,995.00 | 8.97 % | 4.21 % | COMP | NOR |
| CARE HOLDING AS | 2,000,000.00 | 7.48 % | 3.50 % | COMP | NOR |
| BEKKESTUA EIENDOM AS | 1,791,860.00 | 6.70 % | 3.14 % | COMP | NOR |
| ALDEN AS | 729,829.00 | 6.47 % | 3.03 % | COMP | NOR |
| PHILIP HOLDING AS | 1,648,377.00 | 6.16 % | 2.89 % | COMP | NOR |
| ANDENERGY AS | 1,558,140.00 | 5.82 % | 2.73 % | COMP | NOR |
| F1 FUNDS AS | 1,468,121.00 | 5.49 % | 2.57 % | COMP | NOR |
| NORDNET LIVSFORSIKRING AS | 1,419,563.00 | 5.31 % | 2.49 % | COMP | NOR |
| INTERACTIVE BROKERS LLC | 1,406,307.00 | 5.26 % | 2.46 % | NOM | USA |
| F2 FUNDS AS | 1,374,000.00 | 5.14 % | 2.41 % | COMP | NOR |
| DANSKE BANK AS | 1,202,154.00 | 4.49 % | 2.11 % | COMP | DNK |
| MP PENSJON PK | 1,095,038.00 | 4.09 % | 1.92 % | COMP | NOR |
| ALTEA PROPERTY DEVELOPMENT AS | 1,054,944.00 | 3.94 % | 1.85 % | COMP | NOR |
| AARSKOG PHILIP GEORGE | 1,000,000.00 | 3.74 % | 1.75 % | PRIV | NOR |
| CLEARSTREAM BANKING S.A. | 770,173.00 | 2.88 % | 1.35 % | NOM | LUX |
| BAKLIEN ÅSMUND | 756,100.00 | 2.83 % | 1.32 % | PRIV | NOR |
| BILL INVEST AS | 551,152.00 | 2.06 % | 0.97 % | COMP | NOR |
| SJØLUND STIAN | 551,000.00 | 2.06 % | 0.97 % | PRIV | NOR |
| THE NORTHERN TRUST COMP, LONDON BR | 505,319.00 | 1.89 % | 0.89 % | NOM | GBR |
| Total number owned by top 20 | 26,752,216.00 | 46.87 % | |||
| Total number of shares | 57,072,679.00 | 100.00 % |
Meetings
Annual General Meeting 2025
The shareholders of Magnora ASA are called to the Annual General Meeting which will be held at the offices of law-firm Schjødt at Tordenskiolds gate 12, Oslo on 29 April 2025 at 09:00 (CET). It will be possible to participate via video.
The notice for the meeting is found here: Notice of AGM 2025 in Magnora ASA
All shareholders are urged to give proxy to vote the shares, or to cast votes electronically in advance via VPS.
To sign up and/or give proxy, please use this link.
Minutes from previous General Meetings:
Shareholders
Reports
Calendar
Meetings
Governance
Announcements
Shareholders
| Investor | Number of Shares | % of Top 20 | % of Total | Type | Country |
|---|---|---|---|---|---|
| GINNY INVEST AS | 2,469,144.00 | 9.23 % | 4.33 % | COMP | NOR |
| KING KONG INVEST AS | 2,400,995.00 | 8.97 % | 4.21 % | COMP | NOR |
| CARE HOLDING AS | 2,000,000.00 | 7.48 % | 3.50 % | COMP | NOR |
| BEKKESTUA EIENDOM AS | 1,791,860.00 | 6.70 % | 3.14 % | COMP | NOR |
| ALDEN AS | 729,829.00 | 6.47 % | 3.03 % | COMP | NOR |
| PHILIP HOLDING AS | 1,648,377.00 | 6.16 % | 2.89 % | COMP | NOR |
| ANDENERGY AS | 1,558,140.00 | 5.82 % | 2.73 % | COMP | NOR |
| F1 FUNDS AS | 1,468,121.00 | 5.49 % | 2.57 % | COMP | NOR |
| NORDNET LIVSFORSIKRING AS | 1,419,563.00 | 5.31 % | 2.49 % | COMP | NOR |
| INTERACTIVE BROKERS LLC | 1,406,307.00 | 5.26 % | 2.46 % | NOM | USA |
| F2 FUNDS AS | 1,374,000.00 | 5.14 % | 2.41 % | COMP | NOR |
| DANSKE BANK AS | 1,202,154.00 | 4.49 % | 2.11 % | COMP | DNK |
| MP PENSJON PK | 1,095,038.00 | 4.09 % | 1.92 % | COMP | NOR |
| ALTEA PROPERTY DEVELOPMENT AS | 1,054,944.00 | 3.94 % | 1.85 % | COMP | NOR |
| AARSKOG PHILIP GEORGE | 1,000,000.00 | 3.74 % | 1.75 % | PRIV | NOR |
| CLEARSTREAM BANKING S.A. | 770,173.00 | 2.88 % | 1.35 % | NOM | LUX |
| BAKLIEN ÅSMUND | 756,100.00 | 2.83 % | 1.32 % | PRIV | NOR |
| BILL INVEST AS | 551,152.00 | 2.06 % | 0.97 % | COMP | NOR |
| SJØLUND STIAN | 551,000.00 | 2.06 % | 0.97 % | PRIV | NOR |
| THE NORTHERN TRUST COMP, LONDON BR | 505,319.00 | 1.89 % | 0.89 % | NOM | GBR |
| Total number owned by top 20 | 26,752,216.00 | 46.87 % | |||
| Total number of shares | 57,072,679.00 | 100.00 % |
Reports
Financial Reports
Quarterly Report
Q3 Report 2024
Q2 Report 2024
Q1 Report 2024
Q3 Report 2023
Q2 Report 2023
Q1 Report 2023
Q4 Report 2022
Q3 Report 2022
Q2 Report 2022
Q1 Report 2022
Q4 Report 2021
Q3 Report 2021
Q2 Report 2021
Q1 Report 2021
Q4 Report 2020
Q3 Report 2020
Q2 Report 2020
Q1 Report 2020
Q4 Report 2019
Q3 Report 2019
Q2 Report 2019
Q1 Report 2019
Calendar
Financial Calendar
Financial calendar 2025
27.02. Annual Report
25.04. Quarterly Report Q1
29.04. Annual General Meeting
18.07. Half-yearly Report
24.10. Quarterly Report Q3
Meetings
Annual General Meeting 2025
The shareholders of Magnora ASA are called to the Annual General Meeting which will be held at the offices of law-firm Schjødt at Tordenskiolds gate 12, Oslo on 29 April 2025 at 09:00 (CET). It will be possible to participate via video.
The notice for the meeting is found here: Notice of AGM 2025 in Magnora ASA
All shareholders are urged to give proxy to vote the shares, or to cast votes electronically in advance via VPS.
To sign up and/or give proxy, please use this link.
Minutes from previous General Meetings:
Governance
Corporate governance in Magnora
As a listed company on the Oslo Stock Exchange (Oslo Børs), the Company aims at conducting its business in accordance with the Norwegian Code of Practice for Corporate Governance of 14 October 2021 (the “Code of Practice”).
The Company is committed to high ethical standards in its business dealings to ensure that the integrity of its employees and the organization is maintained. Corporate social responsibility for the Company is an extension of the way the Company conducts its business and is described in the Code of Conduct.
The Board of Directors
The Board is ultimately responsible for administering the affairs and ensuring that the operations are organised and run in a satisfactory manner. The members of the Board are currently Torstein Sanness (chair), John Hamilton, and Hilde Ådland , all presented on the Team page of this website.
The Nomination Committee
The Nomination Committee evaluates annually the composition of the Board of Directors, and the committee and gives a recommendation to the General Meeting regarding election of members (when due) and remuneration of these governing bodies. The current members of the committee are Fredrik D. Sneve (chair), Gunerius Pettersen, and Stian Folker Larsen. The committee appreciates, by February each year, shareholders’ submission of candidates to the Board or the Nomination Committee, via the form on the Contact page of this website. Such inputs are considered by the committee in parallel with its dialogue with major shareholders and considerations of needed competence and relevant candidates.
Corporate
Governance
Magnora’s shares are listed on the Oslo Stock Exchange with ticker code MGN.
If you have any questions regarding your holding of Magnora shares, please contact our registrar:
Nordea Bank AB
Postboks 1166 Sentrum, 0107 Oslo
www.nordea.com
Contact person
E-mail: nis@nordea.com
Phone: +47 24011955
Announcements