TextMagic AS Plans for Profit Distribution Without Meeting
TextMagic AS Approves Shareholder Resolution
TextMagic AS, a notable player in the communication technology sector, has taken a significant step as its Management Board introduces a resolution to distribute profits to shareholders without convening a traditional meeting.
Efficiency in Decision-Making
The decision to adopt this resolution aims at enhancing operational efficiency and minimizing costs. By forgoing a meeting, TextMagic AS is streamlining its processes while still ensuring shareholder engagement.
Draft Resolution on Profit Distribution
Based on the company's audited annual report for the financial year, TextMagic AS has a distributable profit of EUR 3,534,000 as of 31 December. The proposal outlines the intended distribution of profits among shareholders.
Details of the Dividend Distribution
The board has proposed the following:
- A dividend payout of EUR 0.15 per share, which will total EUR 1,291,500 distributed as dividends to shareholders.
- The remaining profit of EUR 2,242,500 will remain undistributed.
Key Dates for Shareholders
The record date to determine shareholders entitled to receive dividends is set for 01 October. As per the schedule, the ex-date is designated as 30 September. Shareholders can expect dividends to be disbursed no later than 07 October.
Voting Procedures and Transparency
TextMagic AS encourages its shareholders to review all pertinent documentation concerning the resolution on the company's investor portal. For facilitating voting, shareholders are directed to participate through electronic platforms or by submitting hard copies as necessary.
Voting Timeline
The voting will open at 10:00 on 17 September and remain accessible until 12:00 on 01 October. This arrangement ensures all shareholders have ample opportunity to express their views on the resolution.
Method of Casting Votes
Shareholders can vote either electronically through the provided forms or via postal submissions. Clear instructions are included to guide them through the voting process.
Management Board's Role and Reporting
In accordance with the relevant laws, if a shareholder does not indicate their position on the resolution, it will be assumed that they have voted against it. The Management Board will publish the results of the voting as an announcement, ensuring transparency.
Contact Information
For any inquiries regarding this resolution, shareholders can reach out directly to Priit Vaikmaa, CEO of TextMagic AS. His contact information is made available for any clarifications needed.
Frequently Asked Questions
What is the main purpose of the resolution by TextMagic AS?
The resolution aims to distribute profits to shareholders without convening a meeting, enhancing efficiency.
How much dividend will be paid per share?
Shareholders will receive EUR 0.15 per share, totaling EUR 1,291,500 in dividends.
When will dividends be paid to shareholders?
Dividends are scheduled to be paid by 07 October, after the record date of 01 October.
What happens if a shareholder does not vote?
If no position is stated, the shareholder is considered to have voted against the resolution.
Who should shareholders contact for questions?
Shareholders can contact Priit Vaikmaa, the CEO, for any questions related to this resolution.
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