Press releases

Fourth quarter 2018 results

Lysaker, February 15, 2019, Main events from Magnora’s fourth quarter 2018: On June 07, 2018 Magnora ASA (former Sevan Marine ASA) (the “Company” or “Magnora”) entered into an agreement to sell its intellectual property, shares in HiLoad LNG AS and to transfer certain...

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Repurchase of Shares

With reference to Magnora ASA’s stock exchange announcement from January 16, 2019, Magnora ASA has today January 28 bought 14,509 shares in Magnora ASA at an average price of 6.4549 per share. Magnora ASA holds after this 20,301 own shares representing 0.0004...

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Repurchase of Shares

With reference to Magnora ASA’s stock exchange announcement from January 16, 2019, Magnora ASA has today January 25 bought 5,792 shares in Magnora ASA at an average price of 6.4493 per share. Magnora ASA holds after this 5,792 own shares representing 0.0001 percentage...

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Launch of share buyback program

Magnora ASA ("Magnora" or the "Company") has decided to initiate a share buyback program. The buyback program will be carried out by market purchases in accordance with the authorization granted by the extraordinary general meeting to the Board of directors on 18...

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Magnora ASA – notice of extraordinary general meeting

The shareholders of Magnora ASA (the "Company") are invited to attend an extraordinary general meeting to be held on 18 December 2018 at 14.00 am (CET) at the Company's offices at Lysaker Torg 12, 1366 Lysaker, Norway. The EGM is based on a request from private...

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Third quarter 2018 results

Magnora ASA – Third quarter 2018 results Lysaker, November 27, 2018, Main events from Magnora’s third quarter 2018: On June 07, 2018 Magnora ASA (former Sevan Marine ASA) (the “Company” or “Magnora”) entered into an agreement to sell its intellectual property, shares...

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Magnora ASA – changes to the board of directors

Erling Øverland, chairman of the board, has today informed the board and the nomination committee that he will resign from the board of directors of Magnora ASA (the "Company"). Mr. Øverland will serve until the Company's Q3 results have been published on 27 November...

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Earlier payment date for distributions

Reference is made to the key date announcement made by Magnora ASA (the "Company") on 21 September 2018 (the "Notice") regarding the Extraordinary Dividend (NOK 6 per share), the Share Capital Reduction No. 1 (NOK 0.5 per share) and the Share Capital Reduction No. 2...

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New share capital and new par value of shares registered

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")....

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Key Information relating to the Teekay Offering

Reference is made to the key information announcement made by Magnora ASA (the "Company" or "Magnora") on 21 September 2018 and other announcements made by Magnora in connection with the secondary offer to be made by Teekay Service Holdings Cooperatief U.A. (“Teekay”)...

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Expiration of notice period for Share Capital Reduction No. 2

Reference is made to the stock exchange notice published by Magnora ASA (former "Sevan Marine ASA") on 7 September 2018 regarding commencement of the creditor notice period for the share capital reduction as resolved by the extraordinary general meeting on 6 July 2018...

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New company name “Magnora ASA” registered

Reference is made to the minutes from the extraordinary general meeting held today, 12 October 2018, and the related stock exchange notice whereby the general meeting in Sevan Marine ASA resolved to change the company's name to "Magnora ASA". The new company name has...

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Minutes of extraordinary general meeting

An extraordinary general meeting in Sevan Marine ASA was held today, 12 October 2018. Please find attached the minutes of the general meeting. All items on the agenda were approved, including inter alia the proposal to distribute an extraordinary dividend in a total...

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Proposed dividend

The board of directors of Sevan Marine ASA has today resolved to propose to the general meeting a distribution of an extraordinary cash dividend in the total amount of NOK 315,641,994, corresponding to NOK 6.00 per share. The extraordinary dividend will be based on an...

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Commencement of notice period for share capital decrease

Reference is made to the minutes from the extraordinary general meeting held on 6 July 2018 (the "EGM") in Sevan Marine ASA (the "Company") and the pertaining stock exchange notice, whereby the general meeting resolved to decrease the Company's share capital with NOK...

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Update regarding the Sembcorp transaction

Reference is made to the stock exchange notices published by Sevan Marine ASA (the Company) on 8 June, 6 July and 8 August 2018 regarding the transaction with Sembcorp Marine Integrated Yard Pte. Ltd. (Sembcorp) whereby a substantial part of the Company's business is...

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Update regarding timing of SembCorp and Teekay transactions

Reference is made to the press releases from June 8, 2018, June 12, 2018 and July 06, 2018, regarding the agreement to divest substantial parts of Sevan Marine’s business to Sembcorp Marine Integrated Yards Pte. Ltd. ("SCM") and the subsequent offering of Teekay’s...

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Expiration of notice period for share capital reduction

Reference is made to the stock exchange notice published by Sevan Marine ASA on 4 June 2018 regarding the commencement of the creditor notice period for the share capital reduction as resolved by the annual general meeting held on 24 May 2018. The creditor notice...

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