TextMagic AS Shareholders Approve Dividend Distribution
TextMagic AS Shareholders Approve Dividend Distribution
The management of TextMagic AS recently proposed a significant resolution to its shareholders, allowing them to vote without the need for a formal general meeting. This decision demonstrates the company's commitment to engage with its shareholders seamlessly while ensuring that vital decisions can be made efficiently.
The notice regarding this proposal was officially published in the stock exchange information system of Nasdaq Tallinn and on the company’s website, showcasing their transparency and dedication to keeping shareholders well-informed.
Voting Process and Shareholder Participation
The eligibility of shareholders to vote was confirmed by fixing the list as of a specific date, ensuring that only those with vested interest could participate in this crucial decision-making process. Voting occurred over a designated span, allowing shareholders ample time to cast their votes.
In total, three shareholders participated in the voting process, with shares representing an impressive 7,364,126 votes. This equates to 85.53% of the votes cast, highlighting the strong engagement from the shareholder base. Notably, those who chose to abstain were understood as voting against the resolution, meaning participation was crucial for any change to be enacted.
Resolution: Distribution of Profit
On the designated date, shareholders adopted a resolution concerning the distribution of profits based on the audited annual report for the previous financial year. The report indicated a total distributable profit amounting to EUR 3,534,000 as of December 31. This resolution has outlined a clear path for how these profits will be allocated.
Details of the Dividend Distribution
The resolution specifies the allocation of profits as follows:
- Shareholders will receive a dividend of EUR 0.15 per share, translating to a total of EUR 1,291,500 distributed as dividends.
- The remaining profit of EUR 2,242,500 will be retained as undistributed profits.
Key Dates for Shareholders
It is essential for shareholders to note that the record date to receive dividends has been established as October 1, ensuring that those eligible are accurately accounted for. In light of this, the ex-date (the date when share rights change hands) will occur the day before, on September 30. It is anticipated that dividends will be paid to eligible shareholders by October 7, marking an exciting time for all involved.
With more than 7 million votes supporting the resolution, it’s clear that shareholders show a strong preference for dividends. This positive response is a testament to the robust support behind the company’s decisions and future directions.
Looking Ahead for TextMagic AS
The proactive measures taken by the management board of TextMagic AS reflect a strategic approach towards fostering strong relationships with their stakeholders. By ensuring shareholders are actively involved in significant decisions, the company lays a foundation for continued growth and investment opportunities.
Shareholders are encouraged to stay engaged and informed about future developments, as ongoing communication will be vital for collectively navigating the evolving landscape of their investments. TextMagic AS remains committed to transparency and strategic growth, keeping the best interests of its shareholders at the forefront.
Priit Vaikmaa, the CEO of TextMagic AS, encourages ongoing dialogue among stakeholders, reminding them of the importance of collaboration in achieving shared goals. As the company continues to navigate its path forward, maintaining robust investor relations will be essential.
Frequently Asked Questions
What has been decided regarding profit distribution?
TextMagic AS shareholders voted to distribute profits with a proposed dividend of EUR 0.15 per share, totaling EUR 1,291,500.
When will dividends be paid out to shareholders?
The dividends will be disbursed no later than October 7, providing timely returns for the shareholders involved.
What percentage of votes supported the profit distribution?
Approximately 85.53% of the votes were cast in favor of the profit distribution resolution, indicating strong shareholder support.
How was the eligibility for voting organized?
The eligibility list for voting was set on a specific date, ensuring only registered shareholders could partake in the voting process.
What are the next steps for TextMagic AS following this resolution?
TextMagic AS will continue its strategic growth while maintaining communication with shareholders to foster transparency and engagement.
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