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Magnora ASA Chairman Secures Significant Voting Power Ahead of AGM

Story Highlights
  • Magnora ASA is a renewable-energy group developing wind, solar, and battery projects.
  • Chairman Torstein Sanness controls 11.87% of shares for the AGM, crossing a key threshold.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Magnora ASA Chairman Secures Significant Voting Power Ahead of AGM

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Magnora ASA ( (SVMRF) ) has issued an announcement.

Magnora ASA’s Chairman, Torstein Sanness, has received proxies representing 10.84% of shares and votes for the upcoming AGM, crossing the 10% disclosure threshold. This development highlights Sanness’s significant influence at the AGM, potentially impacting company decisions and stakeholder interests.

More about Magnora ASA

Magnora ASA is a renewable-energy group focused on developing wind, solar, and battery storage projects. The company operates in Europe and Africa through various portfolio companies and is listed on the Oslo Stock Exchange under the ticker MGN.

YTD Price Performance: -14.58%

Technical Sentiment Signal: Sell

Current Market Cap: $134.5M

Learn more about SVMRF stock on TipRanks’ Stock Analysis page.

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