TextMagic AS Shareholder Votes Lead to Key Resolutions

Author: Dylan Bailey Updated: 04-22-2025 02:00 AM

Decisions Made by TextMagic AS Shareholders

The management board of TextMagic AS has taken steps to ensure that shareholders can influence the company's direction without the need for a physical gathering. A recent proposal was put forth to adopt resolutions by written voting, effectively streamlining the voting process for shareholders.

Announcement Details

The notice regarding these shareholder votes was published in a timely manner across various platforms, ensuring that all relevant parties were informed. This proactive approach reflects the company's commitment to transparency and compliance.

Voting Timeline and Participation

The window for shareholder voting opened on April 4, allowing interested parties ample time to make their voices heard. By the end of the voting period on April 21, two shareholders had participated, representing a significant 85.51% of the total votes. Notably, this level of engagement indicates strong interest in the company's governance.

Key Resolutions Passed

Among the resolutions passed during this voting period was the approval of the audited annual report for 2024. This approval is crucial as it establishes the framework for the company’s financial health and operational performance over the past year. With 7,362,089 votes cast in favor, this resolution underscores the shareholders' support for the company’s financial reporting.

Profit Distribution Insights

Another vital proposal that was put forth during this voting was the profit distribution for the financial year 2024. After careful consideration, it was determined that the net profit for the year amounts to 2,053,000 euros. However, shareholders will not receive dividends or reserve allocations this year, a decision that is not uncommon in times of strategic reinvestment.

Importance of Voting Records

Keeping an accurate record of voting is essential for maintaining trust and accountability within the organization. The detailed voting records that accompany these resolutions serve to document the process and provide clarity to all stakeholders involved.

Contact Information

For further inquiries regarding these resolutions or shareholder participation, stakeholders can reach out to Priit Vaikmaa, CEO of TextMagic AS, at investor@textmagic.biz.

Frequently Asked Questions

What was the purpose of the recent shareholder votes at TextMagic AS?

The shareholder votes aimed to approve the audited annual report for 2024 and address profit distribution for the fiscal year.

How was the voting conducted?

The voting was conducted without a physical meeting, with shareholders able to cast their votes within a specified period through a written process.

What percentage of votes were cast in favor of the resolutions?

Approximately 85.51% of the votes supported the resolutions, indicating strong shareholder backing.

What was the net profit for TextMagic AS for the fiscal year 2024?

The net profit reported for 2024 was 2,053,000 euros.

Will shareholders receive dividends this year?

No dividends will be issued to shareholders for the financial year as all profits will remain within the company for reinvestment purposes.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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