Dividend of SEK 0.15 per share in December and Guarantee Fee Approved at Fable Media Group EGM

Fable Media Group’s EGM approved a dividend of SEK 0.15 per share (approximately SEK 5.1 million) with record date 17 December 2025 and expected payment via Euroclear on 22 December 2025, and also approved an annual guarantee fee of 3% on the portion of the bond loan (ISIN SE0026853301) held by external bondholders—currently about SEK 1.8 million—payable to majority shareholder Frederik Falbe‑Hansen Holding ApS (and personally guaranteed by Frederik Cardel Falbe‑Hansen) for backing the company’s bond obligations. These resolutions represent near‑term cash outflows and a recurring cost tied to the company’s bond guarantee, which are material to liquidity and creditor support considerations for investors monitoring Fable Media (a Spotlight‑listed lead‑generation investor).

Analysis

At the Extraordinary General Meeting on 15 December 2025, Fable Media Group AB approved a dividend of SEK 0.15 per share, corresponding to approximately SEK 5.1 million, with a record date of 17 December 2025 and expected payment via Euroclear Sweden on 22 December 2025. The distribution follows the Board's proposal and is a near-term cash outflow for the Spotlight-listed lead-generation investor.

The meeting also approved an annual guarantee fee of 3% on the portion of the bond loan (ISIN SE0026853301) held by external bondholders, currently corresponding to SEK 1.8 million, payable to majority shareholder Frederik Falbe-Hansen Holding ApS and personally guaranteed by Frederik Cardel Falbe-Hansen. This recurring fee finances a shareholder-provided guarantee that reduces bondholder credit risk but represents a material recurring expense relative to the one-off dividend.

The combined effects create a trade-off: the guarantee improves bond security while the fee and the dividend both tighten corporate liquidity and distributable cash. Investors should focus on forthcoming cash-flow statements and the bond amortization schedule to assess whether the company can sustain shareholder distributions plus the annual guarantee fee without stressing covenant headroom or operating flexibility, and scrutinize disclosure on arm's-length terms for this related-party arrangement.

Key Decisions for Investors

• Reassess near-term liquidity by reviewing Fable's latest cash position and bond repayment schedule before increasing equity exposure, given the ~SEK5.1m dividend outflow and recurring ~SEK1.8m annual guarantee fee
• For bond investors, treat the shareholder guarantee as credit-positive for recovery prospects but scrutinize whether the 3% fee materially constrains operating cash and covenant headroom
• Monitor upcoming financial disclosures for evidence the guarantee fee is on arm's-length terms and request detailed justification of the related-party arrangement before adjusting position size
• If already long, consider holding but avoid adding shares until post-dividend liquidity and covenant coverage are confirmed; consider hedging near-term downside tied to liquidity risk