Transfer of Marimekko’s long-term own shares
Marimekko Corporation, Stock Exchange Release November 3, 2021 at 7.45 am
Transsphere own shares is associated with Marimekko‘s long-term bonus scheme
Marimekko Corporation’s Board of Directors has decided to transfer a total of 6,640 Marimekko shares held by the company to the members of Marimekko’s Management Team free of charge in accordance with the terms of the long-term bonus scheme established in 2018.
The transfer of the shares held by the company through a directed share issue free of charge is based on the authorization given by Marimekko’s Annual General Meeting on April 14, 2021. Further information on the long-term bonus scheme for the Management Team can be found, for example, in Note 4 to the 2020 financial statements.
The shares are expected to be transferred on November 5, 2021. After the transfer, Marimekko holds 13,360 of its own shares, which corresponds to approximately 0.16 percent of the company’s total number of shares. Marimekko shares held by the company do not carry voting rights or dividend rights.
The company has a particularly compelling financial reason, also taking into account the interests of all the company’s shareholders, to deviate from the shareholders’ pre-emptive subscription right in the directed share issue free of charge. The issued shares are share-based bonuses under the company’s long-term management bonus plan, the purpose of which is to align the interests of management with the interests of shareholders and to encourage management to work long-term with the aim of increasing the company’s management interests. shareholder value.
MARIMEKKO CORPORATION
Board of Directors
Additional information:
Anna Tuominen
Tel. +358 40 5846944
[email protected]
DISTRIBUTION:
Nasdaq Helsinki Oy
Major media
Marimekko is a Finnish lifestyle design company known for its original prints and colors. The company’s product range includes high-quality clothing, bags and accessories as well as home decor products from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. Marimekko’s products are sold in about 40 countries. In 2020, brand sales of products worldwide were EUR 286 million and the company’s turnover EUR 124 million. About 150 Marimekko stores serve customers around the world. The main markets are Northern Europe, Asia Pacific within the precincts of and North America. The Group employs about 420 people. The company’s share is listed on Nasdaq Helsinki Oy at www.marimekko.com