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Marimekko announces dividend of €0.25/share
24
Apr '14
Marimekko Corporation held Annual General Meeting and proposed resolutions for the year including dividend payment.
 
Adoption of the financial statements
Marimekko Corporation’s income statement and balance sheet and the consolidated income statement and balance sheet for 2013 were adopted.
 
Payment of the dividend
The General Meeting approved the Board of Directors’ proposal to pay a dividend of EUR 0.25 per share for the 2013 financial year. The dividend will be paid to shareholders who are registered on the dividend payout record date of 28 April 2014 in the company’s Shareholder Register kept by Euroclear Finland Ltd. The dividend payout date is 7 May 2014.
 
Discharge from liability
Company’s members of the Board of Directors and the President and CEO as well as the CEO’s substitute were discharged from liability for the 2013 financial year.
 
Remuneration of Board members
It was approved that the annual remuneration payable to the members of the Board would remain unchanged from 2013 and be as follows: EUR 30,000 to the Chairman and EUR 20,000 to the other members of the Board. According to the resolution by the Annual General Meeting, approximately 40% of the annual remuneration will be paid in Marimekko Corporation’s shares acquired from the market and the rest in cash. 
 
The shares will be acquired directly on behalf of the Board members within two weeks from the release of the interim report for 1 January - 31 March 2014 or if this would not be possible taken into account the insider rules, as soon as possible thereafter. It was also resolved that the President and CEO of the company will not receive any remuneration for his Board membership.
 
Board of Directors
The General meeting resolved that the company’s Board of Directors consist of six members. Elina Björklund, Arthur Engel, Mika Ihamuotila, Joakim Karske and Pekka Lundmark were re-elected to the Board of Directors. Catharina Stackelberg-Hammarén was elected to the Board of Directors as new member. Their term of office ends at the conclusion of the next Annual General Meeting. The Board is chaired by Pekka Lundmark and vice-chaired by Mika Ihamuotila.
 
Election and remuneration of the auditor
It was decided that PricewaterhouseCoopers Oy, Authorised Public Accountants, will continue as the company’s auditor. It was also resolved that the auditor’s fee will be paid as per invoice. Kim Karhu, Authorised Public Accountant, will continue as main responsible auditor.
 

Marimekko Corporation


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