Magnora ASA capital distribution

26 Feb 2025 19:05 CET

26.2.2025 19:05:55 CET | Magnora ASA | Additional regulated information required
to be disclosed under the laws of a member state

On 26 February 2025, Magnora's Board of Directors approved a payment of 0.187
per share.

Magnora announced in June 2023 that a sound financial position and cashflow will
allow for capital distribution and that size of cash distribution will be
considered each quarter. At the Annual General Meeting held on 23 April 2024 the
Board of Directors was authorised to resolve quarterly dividends.

On 26 February, the Board of Directors approved a new cash distribution of NOK
0.187 per share. The cash distribution is a repayment of paid-in capital in
excess of the par value of the Magnora share.

The table below sets out the key dates for the dividend payment.

Dividend amount | NOK 0.187
----------------------------------------
Last day including right | 03 March 2025
----------------------------------------
Ex-date | 04 March 2025
----------------------------------------
Record date | 05 March 2025
----------------------------------------
Payment date | 10 March 2025

Magnora's substantial reserve of cash and extensive loan facilities remain
sufficient to invest in new growth opportunities and continue to grow our
business organically. Magnora will also continue to return capital from project
sales, farm-downs in key assets, and the receipt of milestone and earnout
payments.

Going forward, Magnora has a share in the future success of previous, and later,
sales with milestone and earnout structures. Success in any such projects and
businesses is likely to result in payouts to Magnora and Magnora's shareholders.

Financial strategy and 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.



DISCLOSURE REGULATION

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

CONTACTS

* Erik Sneve, CEO, email: es at magnoraasa.com

ABOUT MAGNORA ASA

Magnora ASA (OSE: MGN) is a renewable-energy group developing wind, solar and
battery storage projects. Magnora has operations in Europe and Africa through
the portfolio companies Hafslund Magnora Sol AS, Magnora Offshore Wind AS,
Emernor GmbH, Magnora Italy Srl, Magnora Solar PV UK, Magnora South Africa, and
AGV. Magnora also has earn-out revenues related to the former portfolio
companies Helios Nordic Energy and Evolar, and a financial ownership in Hermana
Holding. Magnora is listed on the main list of the Oslo Stock Exchange under the
ticker MGN.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847805/18435296/5692/Download%20announce
ment%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

639826_Download announcement as PDF.pdf