Marimekko Corporation, Stock Exchange Release, 26 November 2019 at 18.15 p.m.
DISCLOSURE OF CHANGE IN OWNERSHIP OF MARIMEKKO CORPORATION PURSUANT TO THE SECURITIES MARKETS ACT, CHAPTER 9, SECTION 5
Marimekko Corporation (Business Identity Code 0111316-2) has on 26 November 2019 received an announcement pursuant to Chapter 9, Section 5 of the Securities Markets Act regarding a change in its ownership, according to which PowerBank Ventures Ltd’s (Business Identity Code 2150336-0) share of Marimekko Corporation’s shares and voting rights has fallen below the threshold of fifteen (15) percent. PowerBank Ventures Ltd currently holds 1,017,700 shares which equals 12.52 percent of the total amount of shares in Marimekko Corporation. The change in holding took place on 26 November 2019.
PowerBank Ventures Ltd is a company controlled by Mika Ihamuotila, Chairman of the Board of Directors and long-time shareholder of Marimekko. PowerBank Ventures Ltd has sold a total of 280,000 shares in Marimekko Corporation to several different investors. The aim of the transaction is to improve the liquidity of the share. According to Mika Ihamuotila’s announcement, he continues to be committed to Marimekko both as a shareholder and as a leader and intends to go on supporting the company’s long-term work to build international growth.
Marimekko Corporation has a total of 8,129,834 shares and each share entitles to one vote.
MARIMEKKO CORPORATION
Corporate Communications
Anna Tuominen
Tel. +358 40 584 6944
anna.tuominen@marimekko.com
DISTRIBUTION:
Nasdaq Helsinki Ltd
Key media
Marimekko is a Finnish lifestyle 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 2018, brand sales of the products worldwide amounted to EUR 248 million and the company's net sales were EUR 112 million. Roughly 150 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