MARIMEKKO TO START ACQUIRING THE COMPANY’S OWN S
Post# of 301275
Marimekko Corporation, Stock Exchange Release, 18 May 2018 at 9.00 a.m.
MARIMEKKO TO START ACQUIRING THE COMPANY’S OWN SHARES
Marimekko Corporation’s Board of Directors has decided to start acquiring the company’s own shares pursuant to the authorisation granted by the Annual General Meeting held on 12 April 2018. The maximum number of shares to be acquired will be 20,000, representing about 0.25% of the total number of the company’s shares. The shares will be acquired through public trading on Nasdaq Helsinki at the market price prevailing at the time of acquisition. Purchases will start on 1 June 2018 at the earliest and will be concluded by the end of 2018.
The Annual General Meeting of 12 April 2018 authorised the Board of Directors to decide on the acquisition of a maximum of 100,000 of the company’s own shares in one or more instalments with funds from the company’s unrestricted equity. The shares can be acquired to be used as a part of the company’s incentive compensation program, to be transferred for other purposes or to be cancelled.
The total number of shares and votes in Marimekko Corporation is 8,089,610. Marimekko holds none of its own shares.
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 2017, brand sales of the products worldwide amounted to EUR 193 million and the company's net sales were EUR 102 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 450 people. The company’s share is quoted on Nasdaq Helsinki Ltd. www.marimekko.com
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