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The latest announcement is out from Magnora ASA ( (SVMRF) ).
Magnora ASA has announced the launch of a new share buyback programme, authorized by the Annual General Meeting on April 29, 2025. The programme allows for the purchase of up to 6,578,182 shares, with a maximum aggregate consideration of NOK 100 million, and will be used to reduce outstanding shares or for other corporate purposes. This decision reflects Magnora’s strong financial position and growing project portfolio, with an emphasis on returning excess capital to shareholders through dividends or buybacks, depending on market conditions and company development.
More about Magnora ASA
Magnora ASA is a Norwegian renewable-energy group that develops 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: -9.38%
Technical Sentiment Signal: Sell
Current Market Cap: $143.9M
For an in-depth examination of SVMRF stock, go to TipRanks’ Stock Analysis page.
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