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4 stories mentioning MGN.OL

Every FINWIRES story that references MGN.OL, newest first.

Equities

Magnora Unveils NOK50 Million Share Buyback Program

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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Equities

Magnora Unit Raises NOK650 Million via Share Placement

Magnora (MGN.OL) unit Magnora Data Center raised 650 million Norwegian kroner by conditionally placing 50 million shares at 13 kroner per share, according to a Tuesday release.Under the oversubscribed private placement, the data center operator also subscribed for 100 million kroner of Magnora Data Center shares. The placement remains subject to shareholder approval at an extraordinary general meeting to be held on Wednesday.Magnora plans to use the proceeds to fund data center projects and operations, and for general corporate purposes.

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Equities

Magnora Wins 145-MW Data Center Projects in Norway

Magnora (MGN.OL) will establish two data centers in Norway, adding 145 megawatts to its gross portfolio.The first project involves a 95-megawatt data center in the country's southwestern region, according to a Monday release.The renewable energy group's remaining project, meanwhile, has a capacity of 50 megawatts and is located in the northwestern region of Norway.

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Equities

Magnora Proposes Successor to Outgoing Chairman

Magnora (MGN.OL) said Tuesday that Chairman Torstein Sanness will step down but remain an adviser to the company.The renewable energy group's nomination committee proposed the appointment of board member John Hamilton as the new chairman, subject to shareholder approval at the annual general meeting on May 12.Magnora noted that Hamilton is also the chief executive officer of oil and gas company Panoro Energy (PEN.OL).

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