RESOLUTIONS OF MARIMEKKO CORPORATION’S ANNUAL GENERAL

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Apr 6, 2017 at 10:00 AM 31

RESOLUTIONS OF MARIMEKKO CORPORATION’S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS’ CONSTITUTIVE MEETING

Marimekko Corporation, Stock Exchange Release, 6 April 2017 at 4.25 p.m. RESOLUTIONS OF MARIMEKKO CORPORATION’S ANNUAL GENERAL MEETING AND BOARD OF DIRECTORS’ CONSTITUTIVE MEETING At Marimekko Corporation’s Annual General Meeting, held today, and at the subsequent constitutive meeting of the Board of Directors, the following resolutions were passed. A. THE RESOLUTIONS OF ANNUAL GENERAL MEETING Adoption of the financial statements Marimekko Corporation’s income statement and balance sheet and the consolidated income statement and balance sheet for 2016 were adopted. Payment of the dividend The General Meeting approved the Board of Directors’ proposal to pay a dividend of EUR 0.40 per share for the 2016 financial year. The dividend will be paid to shareholders who are registered on the dividend payout record date of 10 April 2017 in the company’s Shareholder Register kept by Euroclear Finland Ltd. The dividend payout date is 19 April 2017. Discharge from liability The members of the Board of Directors and the President of the company were discharged from liability for the 2016 financial year. Remuneration of Board members The annual remuneration payable to the members of the Board was approved as follows: EUR 40,000 to the Chairman, EUR 30,000 to the Vice Chairman and EUR 22,000 to the other members of the Board. According to the resolution by the Annual General Meeting, approximately 40% of the annual remuneration will be paid in Marimekko Corporation’s shares acquired from the market and the rest in cash. The annual remuneration will be paid in cash in its entirety, if the Board member holds on the date of the Annual General Meeting, 6 April 2017, company’s shares in worth of more than EUR 500,000. The shares will be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January - 31 March 2017 or, if this is not possible taken into account the insider rules, as soon as possible thereafter. It was further resolved that no separate remuneration be paid for committee work to persons elected to any committee. In the remuneration payable to the Vice Chairman of the Board, the possible acting as the Chairman of the Audit and Remuneration Committee has been taken into account. Board of Directors The General meeting resolved that the company’s Board of Directors consist of seven members. Elina Björklund, Arthur Engel, Mika Ihamuotila, Mikko-Heikki Inkeroinen and Catharina Stackelberg-Hammarén were re-elected to the Board of Directors and Rebekka Bay and Helle Priess were elected as new members of the Board of Directors . Their term of office ends at the conclusion of the next Annual General Meeting. Election and remuneration of the auditor It was decided that PricewaterhouseCoopers Oy, Authorized Public Accountants, will continue as the company’s auditor. It was also resolved that the auditor’s fee will be paid as per approved invoice. Ylva Eriksson, Authorized Public Accountant, will continue as chief auditor. B. RESOLUTIONS OF THE BOARD OF DIRECTORS’ CONSTITUTIVE MEETING From among its members, the Board of Directors elected Mika Ihamuotila as Chairman of the Board and Elina Björklund as Vice Chairman of the Board. The Board also elected Elina Björklund as Chairman and Mikko-Heikki Inkeroinen and Catharina Stackelberg-Hammarén as members of the Audit and Remuneration Committee. All members of the committee are independent of the company and its major shareholders. C. MINUTES OF THE ANNUAL GENERAL MEETING The minutes of the Annual General Meeting can be viewed on the company’s website at company.marimekko.com under Investors/Management/General Meeting as of 20 April 2017 at the latest. MARIMEKKO CORPORATION Corporate Communications Piia Kumpulainen Tel. +358 9 758 7293 piia.kumpulainen@marimekko.com DISTRIBUTION: Nasdaq Helsinki Ltd Key media Marimekko is a Finnish design company renowned for its original prints and colours. The company’s product portfolio includes high-quality clothing, bags and accessories as well as home décor items ranging from textiles to tableware. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. Marimekko products are sold in about 40 countries. In 2016, brand sales of the products worldwide amounted to EUR 194 million and the company's net sales were close to EUR 100 million. Roughly 160 Marimekko stores serve customers around the globe. The key markets are Northern Europe, North America and the Asia-Pacific region. The Group employs about 400 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

ANTHBOT Rolls Out Black Friday Deals on Mowers

ANTHBOT's Bold Black Friday Play Alright, here's something that'll perk up any garden-variety technophile: ANTHBOT's slashing prices on its M5 and M9 robotic lawn mowers as part of their "Easy Mowing. Extra Savings." campaign. Now, I've been around the block enough to know that discounts get flung around like confetti this time of year, but a $250 slash on these...

Gold.com Faces Fiduciary Investigation by Levi & Korsinsky

Gold.com in Hot Water: What Shareholders Need to Know You ever wonder how firms like Gold.com find themselves in sticky situations before the ink's dry on the quarterly report? Well, strap in because Levi & Korsinsky, LLP is poking around to see if some officers and directors over there have taken a stroll down Breach Avenue. And let me tell you, if you're holding onto...

Perceptive Discovery Bolsters Operations with New VP Hire

Strategic Leadership Shift at Perceptive: Enter Dr. Bronfin Brace yourselves, folks, because Perceptive Discovery is throwing some serious weight behind its operations. They've snagged Dr. Benjamin Bronfin as their new Vice President of Operations. Now, I don't throw 'CRO leader' around lightly—this guy's got over 25 years in the trenches. He's here to fine-tune the...

MIT Study: Reinforced Masonry Slashes Hurricane Damage

Building Smarter: Concrete vs. The Storm Hurricanes are nature’s wrecking balls, and if there’s one thing the latest MIT study tosses on the table, it’s that reinforced concrete masonry isn't just holding its ground—it's changing the game. You see, when Hurricane Irma swung through Florida, it left a clear message written in the rubble: smarter building means...

Rachel Noble Joins AGS: Signals Strategy Shift

A Tactical Addition to American Global Strategies The chessboard of global security just saw a savvy new player join American Global Strategies (AGS). Rachel Noble, a name that echoes through the halls of Australia's national security apparatus, has joined AGS as Senior Advisor. This isn't your garden-variety hire—this is a strategic power move. From Down Under to the...

Guizhou's Mountain Conference Pushes Tourism Evolution

Climbing High: Guizhou's Tourism Summit The 2026 International Conference of Mountain Tourism and Outdoor Sports in Guizhou has kicked off with a heartfelt focus on merging natural allure with modern tourism. This isn't just another gathering; it's a powerhouse of international dialogue harbored right in China's dramatic landscape. Building on Unique Natural Assets...

OpenAssets Sets Up Shop in Abu Dhabi, Joins Hub71

OpenAssets Carves a Niche in Abu Dhabi OpenAssets has just staked a claim in the Middle East by setting up its headquarters in the Abu Dhabi Global Market (ADGM). Picture this: a digital asset infrastructure provider unfurling its wings in one of the most dynamic economic landscapes—it's like watching a rookie clinch the game at the stock pit. But there's more, folks....

Rain Agent Vaults: Revolutionizing Payments with AI

Innovative Payments with AI Power Alright, folks, Rain's gone and done something that's probably going to shake things up in the payments world—'cause they've given AI agents the ability to handle money like never before. We're not just talking about some run-of-the-mill integration here. This is a genuine game changer, promising to make agents as financially savvy as...

Burger King Revives Mini-Frenzy with 2026 Advent Calendar

Nostalgia and Miniature Magic: Burger King's Holiday Ploy You ever seen a burger chain stir up more hype around the holidays than Santa in a bright red suit? Well, Burger King's back at it, logging into the nostalgia machine with their teensy-weensy-sized treats—just what frenetic mini fans and collectors clamor for. This pint-sized ploy plays right into the craze for...

Small Businesses Tackle Rising Holiday Costs Head-On

Holiday Crunch Forces Financial Juggling Here we are, diving headfirst into the holiday whirlwind, where small business owners are playing the financial juggler. It's not just the lost sleep amid the twinkling lights—they're seeing their wallets squeezed as the pressures mount. According to Flute's latest report, a solid 58% of these owners are ready to raid personal...