Magnora Registers Share Capital Increase After NOK 29 Private Placement

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

Magnora ASA has strengthened its capital base following a private placement of 8.2 million shares at NOK 29 per share, combining the issue of 6,578,182 new shares with the sale of 1,621,818 treasury shares. The related share capital increase has now been registered in the Norwegian Register of Business Enterprises, bringing the company’s share capital to NOK 36,180,003.50 divided into 72,360,007 shares, and leaving Magnora with 104,623 treasury shares once the transaction is fully settled.

The transaction underscores Magnora’s ability to tap equity markets to fund the expansion of its data center and renewable energy project portfolio across Europe and Africa. By increasing its share capital and adjusting its treasury share position, the company is reinforcing its financial flexibility, which may support further growth initiatives and strengthen its position in the fast-growing clean energy and digital infrastructure sectors.

The most recent analyst rating on (SVMRF) stock is a Hold with a NOK29.00 price target. To see the full list of analyst forecasts on Magnora ASA stock, see the SVMRF Stock Forecast page.

More about Magnora ASA

Magnora ASA is a Norwegian-listed developer and operator of data center, wind, solar and battery projects, with activities across Europe and Africa. Through a portfolio of specialist subsidiaries, the company focuses on renewable energy infrastructure and data center operations, and also receives earn-out revenues from former renewable portfolio companies.

Average Trading Volume: 302,824

Current Market Cap: NOK1.94B

See more data about SVMRF stock on TipRanks’ Stock Analysis page.