TextMagic AS Reduces Voluntary Reserve Capital for Shareholder Distribution

TextMagic AS, a company registered in Estonia, has taken a significant step to optimize its financial structure by reducing its voluntary reserve capital. The move, proposed by the company’s Management Board, aims to distribute funds directly to shareholders, reflecting a strategic decision to streamline operations and enhance shareholder value.

According to the draft resolution, the voluntary reserve capital of TextMagic AS will be reduced by €1,722,000. The distribution will amount to €0.20 per share, totaling €1,722,000 in dividends. The remaining balance of the voluntary reserve capital will be €25,988,000. Shareholders will receive their distributions based on the number of shares they hold, as detailed in the company’s articles of association.

The resolution will be adopted without convening a general meeting of shareholders, in accordance with Section 2991 of the Commercial Code. The process for voting and distribution is clearly outlined, with the record date set for October 8, 2026. Shareholders will have until October 14, 2026, to receive their distributions.

To facilitate the voting process, TextMagic AS has provided a detailed procedure. Shareholders can review all documents related to the draft resolution on the company’s investor website or at the company’s location in Tallinn, Estonia. The voting period will run from September 16, 2026, to September 30, 2026, with electronic and paper voting options available. Instructions for voting are available on the website, and shareholders are encouraged to familiarize themselves with the process to ensure their voices are heard.

The company has emphasized the importance of timely submission of voting ballots. For electronic voting, shareholders must fill in the ballot, sign it electronically, and submit it by the deadline. For paper voting, shareholders must fill in the ballot, sign it on paper, and send the scanned version to the company’s email address. Original ballots must be sent to the company’s head office by the deadline.

Pursuant to the Commercial Code, if a shareholder does not state whether they are for or against the resolution within the specified term, they will be deemed to have voted against it. The Management Board will publish the voting results as a stock exchange announcement and on the company’s website, ensuring transparency and accountability.

This decision by TextMagic AS reflects a strategic move to enhance shareholder value and streamline operations. The company’s commitment to transparency and the well-being of its shareholders is evident in the detailed and straightforward process outlined for this resolution.