Magnora ASA: Mandatory notification of trade
A company directly controlled by the Magnora ASA CEO, Erik Sneve, has settled a forward agreement underlying 480,700 shares in Magnora ASA (“Magnora”) and subsequently entered into a new forward agreement underlying the same number of shares 480,700. New expiry date is 17 December 2021 and new forward price is NOK 18.0259.
Mr. Sneve’s affiliated ownership through close family and other accounts is 674,570 shares equal to 1.18 percent of the issued shares and votes in the Company, and Mr. Sneve’s company does not hold other shares or rights to shares in Magnora.
Mr. Sneve also holds 550,000 share options in Magnora ASA.
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) has a legacy royalty business that is re-invested in renewable energy development projects and companies. Magnora’s portfolio of renewable companies consists of Evolar AB, Helios Nordic Energy AB, Kustvind AB, Magnora Offshore Wind AS, Vindr Group AS, and a South African SPV. The company is listed on the main list on Oslo Stock Exchange under the ticker MGN.
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