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2012-10-04 13:50:46 CEST 2012-10-04 13:51:45 CEST REGULATED INFORMATION Marimekko - Company AnnouncementMOST OF MARIMEKKO’S EMPLOYEES SUBSCRIBED FOR SHARES IN THE COMPANY’S SHARE ISSUE DIRECTED TO THE PERSONNELMarimekko Corporation, Stock exchange release, 4 October 2012 at 2.50 PM The Board of Directors of Marimekko Corporation decided on 13 August 2012 on the terms and conditions of a share issue directed to the company's personnel and designers employed by the company on a freelance basis. In the share issue, 150,000 new shares in the company were offered for subscription. The subscription price was EUR 6.50 per share for the first fifty shares and EUR 11.70 per share for the shares subscribed for after the first fifty shares. The share subscription period ended on 28 September 2012. The Board of Directors has decided on the approval of the share subscriptions. The Board of Directors approved 49,610 subscriptions for new shares. The total subscription price of the new shares is EUR 501,449. Approved subscriptions shall be paid not later than 26 October 2012. The shares subscribed for in the share issue represent in total 0.62 percent of the company's existing shares and the voting rights carried by the existing shares before the share issue and 0.61 percent of the company's existing shares and new shares and the voting rights carried by the existing and new shares after the share issue. The majority of those entitled to subscribe took part in the share issue. Subscriptions were placed by 308 company employees and freelance designers out of a total of 510 who were entitled. President and CEO Mika Ihamuotila: “I am delighted that most of Marimekko's employees will now also be shareholders in the company. I believe that the interest generated by the issue communicates the personnel's confidence in the company and its internationalisation strategy. I hope that holding shares will tend to further reinforce the sense of belonging and the entrepreneurial spirit in the company. Due to my position in the company I decided that it would not have been appropriate for me to subscribe any shares with the discount in this share issue.” The shares subscribed for and paid in accordance with the terms and conditions of the share issue will be entered into the Trade Register and applied for public trading estimated during week 46. After the Trade Register entry of the new shares, the total number of shares of the company will increase by 49,610 shares to 8,089,610 shares. If all the approved subscriptions will be paid in accordance with the terms and conditions, the total subscription price of EUR 501,449 will be credited to the reserve of the company's invested unrestricted equity. 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 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 |
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