Marimekko Corporation's shareholders are invited to attend the Annual General
Meeting which will be held on Thursday, 3 April 2008 from 14:00 onwards at
Marimekko Corporation's head office. The address is Puusepänkatu 4, 00880
Helsinki, Finland. The registration of attendees will commence at the meeting
venue at 13:00. Coffee will be served after the meeting.
Matters to be dealt with at the Annual General Meeting
The General Meeting will discuss the matters that are to be dealt with in the
Annual General Meeting pursuant to Section 12 of the Articles of Association.
The agenda is available on the company's Internet site at www.marimekko.com
under Investors/Annual General Meeting.
Dividends
The Board of Directors will propose to the Annual General Meeting that a
dividend of EUR 0.65 per share be paid as dividends for the year 2007,
representing 67.7% of the Group's earnings per share for the financial year.
Marimekko Corporation's distributable funds on 31 December 2007 amounted to
EUR 17,934,598.73. The dividend will be paid to shareholders who are registered
on the dividend payout record date in the company's Shareholder Register kept by
Finnish Central Securities Depository Ltd. The Board of Directors will propose 8
April 2008 as the dividend record date and 15 April 2008 as the dividend payout
date.
Board of Directors
According to the Articles of Association, the members of the Board of Directors
are elected at the Annual General Meeting. The Board shall include a minimum of
three (3) and a maximum of five (5) ordinary members. Their term of office ends
at the conclusion of the next Annual General Meeting. The Board of Directors
elects a Chairman from amongst its members. Shareholders representing more than
1/3 of all of the company's shares and votes have informed the company that they
will propose to the Annual General Meeting that five (5) members be elected to
the Board of Directors. It will be proposed that Tarja Pääkkönen be re-elected
and Ami Hasan, Mika Ihamuotila, Joakim Karske and Pekka Lundmark be elected as
new members of the Board of Directors. The same shareholders will also propose
that the Board of Directors elect Pekka Lundmark as Chairman of the Board and
Mika Ihamuotila as Vice Chairman of the Board. The proposed members have given
their consent to the election. Details of the proposed members are provided in
an appendix to this release and on the company's website at www.marimekko.com
under Investors/General Meeting.
Remuneration of the Board of Directors
In 2007, Marimekko Corporation's Board of Directors was paid a total of EUR
50,000 in annual bonuses. The bonus of the Chairman of the Board amounted to EUR
20,000 and the bonus of each Board member to EUR 15,000 per year. Shareholders
representing more than 1/3 of all of the company's shares and votes have
informed the company that they will propose to the Annual General Meeting that
the fees payable to the members and the Chairman of the Board remain unchanged.
It will also be proposed that no remuneration be paid to the company's president
Mika Ihamuotila for the membership of the Board.
Auditors
According to the Articles of Association, the auditors of the company are
appointed for an indefinite term. Nexia Tilintarkastus Oy, Authorised Public
Accountants, is responsible for the audition of the Marimekko Group, with Seppo
Tervo, Authorised Public Accountant, as chief auditor. The company's deputy
auditor is Matti Hartikainen, Authorised Public Accountant.
Meeting documents
The financial statement documents will be on view from 25 March 2008 onwards at
the company's head office, Puusepänkatu 4, 00880 Helsinki. Copies of these
documents will be mailed to shareholders on request. The company's Annual Report
for the financial year 2007 will be mailed to all shareholders.
Right to attend the Annual General Meeting
Shareholders who have been registered by 24 March 2008 at the latest in the
Shareholder Register, which is kept by Finnish Central Securities Depository
Ltd, have the right to attend the General Meeting. As 24 March 2008 falls on a
holiday, the list of registrations will be produced on 20 March 2008.
Registration in the Shareholder Register
The shareholder in whose name the shares are registered is automatically entered
in the company's Shareholder Register. Those owners of nominee-registered shares
who wish to participate in the Annual General Meeting can be temporarily
recorded in the Shareholder Register. This must be done on the record date at
the latest. For temporary registration, shareholders must contact their account
custodian.
Notice of attendance
Shareholders who wish to attend the General Meeting shall inform the company of
their intention to do so before 16:00 on 31 March 2008 at the latest, either in
writing or by telephone: Marimekko Corporation, Share Register, P.O. Box 107,
00811 Helsinki, Finland; tel. +358 9 758 7293 (Piia Pakarinen); fax
+358 9 759 1676; email: piia.pakarinen@marimekko.fi; website www.marimekko.com,
section Investors/General Meeting. Any proxies should be sent to the above
address before the expiry of the notification period.
In Helsinki, 11 March 2008
MARIMEKKO CORPORATION
The Board of Directors
MARIMEKKO CORPORATION
Group Communications
Marja Korkeela
Tel. +358 (0)9 758 7238
Fax +358 (0)9 759 1676
Email: marja.korkeela@marimekko.fi
Distribution:
OMX Nordic Exchange Helsinki
Principal media
Marimekko's website www.marimekko.com
APPENDIX
PROPOSED MEMBERS OF THE BOARD OF DIRECTORS OF MARIMEKKO CORPORATION
Pekka Lundmark, M.Sc. (Eng.), 44, 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, is President and CEO of Marimekko
Corporation. He has previously been President and CEO of Sampo Bank plc and
Mandatum Bank Plc. He currently also serves as Vice Chairman of the Board of
Directors of Elisa Corporation.
Ami Hasan, 52, 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, 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 DaimlerChrysler Advanced Design Centre
in Japan, as well as at the Mercedes-Benz sports car studio in Germany.
Tarja Pääkkönen, Ph.D. (Eng.) 45, 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.
