Press releases

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...

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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...

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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,...

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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 21 May 2019 to decrease the Company's share capital from NOK 78,384,429 to NOK 25,767,482.51 by: 1) cancellation of the Company’s total 20,301 treasury shares, corresponding to a value of NOK...

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Expiration of notice period for share capital reduction

Reference is made to the stock exchange notice published by Magnora ASA on May 22, 2019 regarding the commencement of the creditor notice period for the share capital reduction as resolved by the annual general meeting held on May 21, 2019. The creditor notice period...

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Grant of Options – Disclosure of Shareholdings

Following the resolutions passed by the 2019 ordinary general meeting, the following options have now been granted to primary insiders: Torstein Sanness – chairperson of the board: 400,000 options. Following the grant, Mr Sanness owns in total 400,000 options in the...

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Commencement of notice period for share capital decrease

Reference is made to the minutes from the general meeting held on 21 May 2019 (the "AGM") in Magnora ASA (the "Company") and the pertaining stock exchange notice, whereby the general meeting resolved to decrease the Company's share capital with a total of NOK...

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Launch of share buyback program

Magnora ASA ("Magnora") 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 annual general meeting to the Board of Directors on 21 May 2019. Buyback...

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Minutes from Annual General Meeting

Magnora ASA has today on May 21, 2019, held its Annual General Meeting. Attached to this announcement are the minutes of the Annual General Meeting in Norwegian and translation into English.  All proposals on the agenda were approved. With respect to the nomination...

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First quarter 2019 results

Lysaker, May 21, 2019, Main events from Magnora’s first quarter 2019: Following the sale of the Magnora’s intellectual property and shares in HiLoad LNG AS to Sembcorp Marine Integrated Yard Pte Ltd, the company is now a profitable royalty company with two significant...

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Notice of Annual General Meeting

The Board of Directors of Magnora ASA has convened the Annual General Meeting in Magnora ASA on Tuesday 21 May 2019, at 10:00 a.m. (CET) at the Company's offices at Lysaker Torg 12, 1366 Lysaker, Norway. Attached as appendices to this announcement are (in Norwegian...

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Change in leadership

Due to the sale of the cylindrical hull technology and related business activity to Sembcorp Marine last year, succeeded by a new strategic direction for the Company, Reese McNeel and the Board of Directors of Magnora ASA (“Magnora” or the “Company”) have agreed that...

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Annual Report 2018

Please find attached the Annual Report 2018 for Magnora ASA. 2018 Annual Report ****** Magnora ASA is listed on Oslo Børs with ticker MGN. For more information, please refer to www.magnoraasa.com For more information please contact: Reese McNeel, CEO, Magnora ASA...

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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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