The Board of Directors of MAG Interactive AB (publ) has decided to submit a revised dividend proposal to the Annual General Meeting 2025.
Stockholm, Sweden - 9 December, 2024 - The Board of Directors of MAG Interactive AB (publ) has today decided to submit a revised dividend proposal for the financial year 2023/2024 to the Annual General Meeting 2025. The revised proposal entails that the Board proposes that the Annual General Meeting resolves on a dividend of 1 SEK per share.
In the year-end report published on October 23, 2024, MAG Interactive (publ) communicated a proposal that no dividend would be paid for the financial year 2023/2024. The Board has now, based on a reassessment of the company's capital structure, the use of available liquid assets, and strong cash flow, decided to revise this proposal. The Board considers that the company has a strong financial position and a high cash balance that exceeds what is required for the stability and growth of the business.
The Annual General Meeting will be held in Stockholm on January 22, 2025. The notice to the Annual General Meeting, along with the full proposals, will be published on December 11, 2024.
This is information that MAG Interactive AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out below, at 13:10 on December 9, 2024.