TextMagic AS Boosts Share Capital with Successful Options Exercise
TextMagic AS Achieves Full Subscription in Option Program
The supervisory board of TextMagic AS made an impactful decision to increase the company's share capital by EUR 11,000 stemming from the recent exercise of its option program. This program has allowed eligible participants to purchase ordinary shares, totaling 110,000 without a nominal value, showcasing the commitment of its shareholders and the robustness of its equity structure.
Successful Participation Marks 100% Subscription Rate
It is noteworthy that all 13 participants seized the opportunity presented by the option program, resulting in an impressive 100% subscription rate. This high level of engagement indicates strong confidence in the growth trajectory of TextMagic AS. With no shares left unsubscribed, there was no need for cancellations, reflecting positively on both the management and participants.
Impacts on Share Capital and Market Listing
With the completion of this exercise, the share capital of TextMagic AS will rise from EUR 850,000 to EUR 861,000. This increase reinforces the financial health of the company and signals its growing potential in the market. Following the necessary notifications, the newly issued ordinary shares are set to be listed on the Nasdaq Tallinn First North market, marking an essential step for the company as it enhances its visibility and accessibility to investors.
About TextMagic AS and Future Prospects
TextMagic AS continues to foster its growth strategies, aiming for higher engagement from shareholders and investors alike. The successful completion of the option program is a clear indication of the faith that existing participants have in the company’s future. The strategic steps taken in capital enhancement aim to position TextMagic AS for upcoming opportunities in the competitive landscape, enhancing its operational capacity and market offerings.
Contact Information
For additional insights or inquiries regarding TextMagic AS, interested parties can reach out to Getter Grünmann, the CFO of TextMagic AS. You can contact him at investor@textmagic.biz or visit the company's official website at investor.textmagic.com.
Frequently Asked Questions
What was the total increase in share capital for TextMagic AS?
The share capital increased by EUR 11,000, raising it from EUR 850,000 to EUR 861,000.
How many shares were available for subscription in the option program?
A total of 110,000 ordinary shares without nominal value were available for subscription.
What was the subscription rate among participants?
There was a 100% subscription rate, with all 13 participants subscribing to all offered shares.
Where will the newly issued shares be listed?
The newly issued ordinary shares will be listed on the Nasdaq Tallinn First North market.
Who can be contacted for more information about the company?
Getter Grünmann, CFO of TextMagic AS, can be contacted via email or through their official website for more information.
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