Marimekko to start acquiring the company’s own shares
14 11월 2022 - 9:30PM
Marimekko to start acquiring the company’s own shares
Marimekko Corporation, Stock Exchange Release, 14 November 2022
at 2.30 p.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 based on the authorization
granted by the Annual General Meeting held on 12 April 2022. The
maximum number of shares to be acquired will be 50,000,
corresponding to approximately 0.12 percent of the total number of
the company’s shares. The shares will be acquired through the
public trading on Nasdaq Helsinki at the market price prevailing at
the time of acquisition. Acquisitions will start on 15 November
2022 at the earliest and will be concluded by the end of 2022. The
authorization is valid until 12 October 2023.
The Annual General Meeting of 12 April 2022 authorized the Board
of Directors to decide on the acquisition of a maximum of 150,000
of the company’s own shares, in one or more instalments,
representing approximately 0.4 percent of the total number of the
company’s shares. The shares will be acquired with funds from the
company’s non-restricted equity, which means that the acquisition
will reduce funds available for distribution. As per the
authorization granted by the Annual General Meeting, the acquired
shares may be used for the company’s incentive compensation
program, be transferred for other purposes or be cancelled.
The total number of shares and votes in Marimekko Corporation is
40,649,170. At the moment, Marimekko holds 27,790 of its own
shares.
MARIMEKKO CORPORATION Corporate Communications
Anna Tuominen Tel. +358 40 5846944
anna.tuominen@marimekko.com
DISTRIBUTION: Nasdaq Helsinki Ltd Key media
Marimekko is a Finnish lifestyle design company renowned for its
original prints and colors. 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. In 2021, the company's net sales were
EUR 152 million and brand sales of the products worldwide amounted
to EUR 376 million. Globally, there are roughly 150 Marimekko
stores, and online store serves customers in 35 countries. The key
markets are Northern Europe, the Asia-Pacific region and North
America. The Group employs about 410 people. The company’s share is
quoted on Nasdaq Helsinki Ltd. www.marimekko.com
Marimekko Oyj (LSE:0JX9)
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Marimekko Oyj (LSE:0JX9)
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