Marimekko Corporation, Stock exchange release, 14 August 2012 at 8.35 AM
The Board of Directors of Marimekko Corporation decided on 25 April 2012 to arrange in fall 2012 a share issue directed to the company’s personnel and to designers employed by the company on a freelance basis.
The Board of Directors has decided on the terms and conditions of the share issue. A maximum total of 150,000 new shares in the company will, in deviation from the shareholders’ pre-emptive right, be offered for subscription to the company’s personnel and designers in Finland. The share subscription price is based on the trade volume weighted average share price of the company’s share in NASDAQ OMX Helsinki Ltd during the term 2 July 2012 - 31 July 2012 and on two different discounts calculated from such price. The average share price during the aforementioned period was EUR 13.00 per share. Therefore, the subscription price for the first fifty shares will be EUR 6.50 per share and the share subscription price for the shares subscribed after the first fifty shares will be EUR 11.70 per share. The share subscription period will be 17 September 2012 - 28 September 2012. Approved subscriptions must be paid no later than 26 October 2012. The entire Terms and Conditions of the Share Issue are attached to this stock exchange release.
The final result of the share issue will be announced estimated during week 40.
The decision on the share issue is based on the authorization given by the Annual General Meeting of Shareholders held on 17 April 2012.
Further information:
Mika Ihamuotila, President and CEO, tel. +358 9 758 71
MARIMEKKO CORPORATION
Corporate Communications
Piia Kumpulainen
Tel. +358 9 758 7293
piia.kumpulainen@marimekko.fi
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media
ATTACHMENT: Terms and Conditions of Share Issue
Marimekko is a Finnish textile and clothing design company renowned for its original prints and colours. The company designs and manufactures high-quality interior decoration items ranging from furnishing fabrics to tableware as well as clothing, bags and other accessories. When Marimekko was founded in 1951, its unparalleled printed fabrics gave it a strong and unique identity. Marimekko products are sold in approximately 40 countries. In 2011, brand sales of Marimekko products worldwide amounted to approximately EUR 170 million and the company's net sales were EUR 77 million. The number of Marimekko stores totalled 90 at the year end. The key markets are North America, Northern Europe and the Asia-Pacific region. The Group employs around 500 people. The company’s share is quoted on NASDAQ OMX Helsinki Ltd. www.marimekko.com
