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Magnora Unveils NOK50 Million Share Buyback Program

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Magnora (MGN.OL) launched on Wednesday a new share buyback program of 50 million Norwegian kroner.

The Norwegian data center and renewable-energy development company will acquire up to 6,578,182 shares under the scheme. Repurchased shares will be used for the reduction of the company's outstanding shares, the issuance of compensation shares, or for other corporate purposes.

The program will run until whichever comes first between June 30, 2027, and the company's annual general meeting for the same year.

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