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2008-04-03 15:30:00 CEST 2008-04-03 15:30:01 CEST BIRTINGARSKYLDAR UPPLÝSNINGAR Marimekko - Decisions of general meetingRESOLUTIONS OF MARIMEKKO CORPORATION'S ANNUAL GENERAL MEETINGMARIMEKKO CORPORATION STOCK EXCHANGE RELEASE 3 April 2008 at 4.30 p.m. RESOLUTIONS OF MARIMEKKO CORPORATION'S ANNUAL GENERAL MEETING At Marimekko Corporation's Annual General Meeting, held earlier today, the following resolutions were approved. Adoption of financial statements Marimekko Corporation's income statement and balance sheet and the consolidated income statement and balance sheet for 2007 were adopted. Dividends The General Meeting approved the Board of Directors' proposal to pay a dividend of EUR 0.65 per share for the 2007 financial year to a total of EUR 5,226,000.00. The dividends represent 67.7% of the Group's earnings per share for the financial year 2007. The dividend will be paid to shareholders who are registered, on the dividend payout record date of 8 April 2008, in the company's Shareholder Register kept by Finnish Central Securities Depository Ltd. The dividend payout date is 15 April 2008. Discharge from liability The members of the Board of Directors and the President of the company were discharged from liability for the 2007 financial year. Board of Directors The General Meeting resolved that the company's Board of Directors consist of five (5) members. Mrs Tarja Pääkkönen was re-elected and Mr Ami Hasan, Mr Mika Ihamuotila, Mr Joakim Karske and Mr Pekka Lundmark were elected as new members of the Board of Directors until the end of the next Annual General Meeting. At its organisation meeting, held after the General Meeting, the Board of Directors elected Pekka Lundmark as Chairman and Mika Ihamuotila as Vice Chairman of the Board. Details of the Board members are provided in the appendix to this release and on the company's website at www.marimekko.com under Investors/General Meeting. Remuneration of Board members The annual remuneration payable to the members of the Board was approved as follows: EUR 20,000 to the Chairman and EUR 15,000 to the other members of the Board. The President of Marimekko Corporation will not receive any remuneration for his Board membership. Auditors The General Meeting elected PricewaterhouseCoopers Ltd, Authorised Public Accountants, as the company's regular auditor with Mr Kim Karhu, Authorised Public Accountant, as chief auditor. It was decided that the auditor's fee would be paid as per invoice. MARIMEKKO CORPORATION Group Communications Marja Korkeela Tel. +358 9 758 7238 Fax +358 9 759 1676 Email: marja.korkeela@marimekko.fi Distribution: OMX Nordic Exchange Helsinki Principal media Marimekko's website www.marimekko.com APPENDIX MARIMEKKO CORPORATION'S BOARD OF DIRECTORS, TERM OF OFFICE 2008 Pekka Lundmark, M.Sc. (Eng.), 44, Chairman, is President and CEO of Konecranes Plc. His previous positions include President and CEO of Hackman Group. He has also held several executive positions with Nokia Corporation in Finland, Denmark and the United States. Mika Ihamuotila, Ph.D. (Econ.), 43, Vice Chairman, is President and CEO of Marimekko Corporation. He has previously been President and CEO of Sampo Bank plc and Mandatum Bank Plc. He has also served as Vice Chairman of the Board of Directors of Elisa Corporation and been a visiting researcher at the Yale University School of Management (USA). Ami Hasan, 52, member, is founder and Chairman of advertising agency Hasan & Partners Finland Oy. He is a well-recognised marketing authority in Europe. He has served on the jury for several international advertising competitions (Cannes International Advertising Festival, Clio, D&AD, The Cup, and Golden Drum Awards) and is a permanent member of the jury for Cresta International Advertising Awards. Mr Hasan is also a member of the Board of Directors of Halti Ltd. Joakim Karske, MA, 45, member, is Head of Portfolio Design Management at Nokia Corporation. He has previously been Head of Design of Nokia Mobile Phones, including Vertu. Prior to Nokia, he worked as a designer for the Volvo Group in Sweden, Spain and the Netherlands, at the Mercedes-Benz sports car studio in Germany, as well as at the DaimlerChrysler Advanced Design Centre in Japan. Tarja Pääkkönen, Ph.D. (Eng.), 45, member, is Senior Vice President of Itella Corporation. She has previously held several executive positions at different business units of Nokia Corporation; she was also member of the Management Board of Nokia Mobile Phones. Ms Pääkkönen has served as member of Marimekko's Board of Directors since 2007. Marimekko is a leading Finnish textile and clothing design company that was established in 1951. The company designs, manufactures and markets high-quality clothing, interior decoration textiles, bags and other accessories under the Marimekko brand, both in Finland and abroad. Marimekko products are also manufactured under license in various countries. In 2007, the company's net sales amounted to EUR 77.3 million. Exports and income from international operations accounted for 26.5% of the Group's net sales. The Group employs about 400 people. The company's share is quoted on the OMX Nordic Exchange Helsinki. For further information, visit www.marimekko.com. |
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