Reference is made to the resolution by the annual general meeting on 24 May 2018 to decrease the company’s share capital from NOK 210,427,996 to NOK 183,598,427 by reducing the par value of each share from NOK 4 to NOK 3.49 (the “Share Capital Reduction No. 1“). Further, reference is made to the resolution by the extraordinary general meeting on 6 July 2018 to decrease the company’s share capital from NOK 183,598,427 to NOK 78,384,429 by reducing the par value of each share from NOK 3.49 to NOK 1.49 (the “Share Capital Reduction No. 2“).

The new share capital and the new par value of each share have now been registered with the Norwegian Register of Business Enterprises.

Share capital (new): NOK 78,384,429
Number of shares (unaltered): 52,606,999
Par value of each share (new): NOK 1.49

The payment date for the Share Capital Reduction No. 1 (NOK 0.50 per share), the Share Capital Reduction No. 2 (NOK 2.00 per share) and the Extraordinary Dividend (NOK 6.00 per share) totalling NOK 8.5 per share is expected on or about 19 November 2018.

The shares in Magnora ASA will trade ex-distribution of a total of NOK 8.50 per share as from tomorrow, 23 October 2018.

For further key date information about the Share Capital Reduction No. 1 and the Share Capital Reduction No. 2 and the Extraordinary Dividend, please refer to the stock exchange notice published on 21 September 2018.

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For further information, please contact:

Reese McNeel, CEO, Magnora ASA
reese.mcneel@magnoraasa.com
+47 415 08 186

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