Marimekko Corporation’s share is quoted in the Consumer Discretionary sector of NASDAQ OMX Helsinki Ltd. Marimekko Corporation was listed on the I List of the Helsinki Stock Exchange in March 1999 and on the main list on 27 December 2002.
The company has one series of shares, each conferring the same voting rights to their holders. The company’s shares have been included in the book entry register since 17 February 1999.
Share capital and number of shares
Marimekko Corporation’s fully paid-up share capital, as recorded in the Trade Register, amounts to EUR 8,040,000. The number of shares is 40,649,170.
Marimekko has neither made nor is aware of any shareholder agreements concerning the company’s shares or other commitments agreeing on the company’s ownership or the use of voting rights.
Marimekko aims to pay a regular dividend every year. The dividends to be paid and their amount and the payout date depend on the company’s financial result, financial situation, equity ratio, need for working capital and other factors. Marimekko intends to follow a stable and active dividends policy that by and large reflects the company’s earnings trend. Marimekko’s goal is to distribute as dividends at least half of earnings per share annually.
Dividend for 2023
The Board of Directors proposes to the Annual General Meeting, planned to be held on 16 April 2024, that a dividend of EUR 0.37 per share be paid for 2023. The Board proposes 18 April 2024 as the dividend payout record date and 25 April 2024 as the dividend payout date.
A dividend of EUR 0.34 per share was paid for 2022.
According to the book-entry register, Marimekko had 39,014 shareholders (36,616) at the end of 2023. Of the shares, 13.68 percent (15.15) were owned by nominee-registered or non-Finnish holders.
Monthly updated information about the largest shareholders is available under Shareholders.
Updated information on management’s shareholding can be found here.
Changes in the share capital and number of shares
The Annual General Meeting on 12 April 2022 decided that in order to enhance the liquidity of the company’s shares, new shares shall be issued to the shareholders without payment in proportion to their holdings so that four (4) new shares are issued for each share (split). In addition, in the share issue without payment, new shares will similarly be issued without payment to the company on the basis of treasury shares held by the company. In total, 32,519,336 new shares were issued to the shareholders who were registered in the shareholders’ register maintained by Euroclear Finland Ltd on the record date of the share issue, i.e. 14 April 2022.
Personnel share issues 2019
In the personnel share issue organized by Marimekko Corporation in 2019, the company’s Board of Directors approved subscriptions for a total of 40,224 new shares, with a subscription price totaling EUR 725,988.
Personnel share issue 2012
In the personnel share issue organized by Marimekko Corporation in 2012, the company’s Board of Directors approved subscriptions for a total of 49,610 new shares, with a subscription price totaling EUR 501,449.
In 2003, the company’s number of shares was doubled (split), without increasing the share capital, in proportion to the existing holdings of shareholders. Due to doubling the number of shares, each share with an accounting counter value of two euros was split into two shares with an accounting counter value of one euro each.
Bonus issue 2003
In 2003, the company’s share capital was increased by means of a bonus issue of EUR 2,680,000, from EUR 5,360,000 to EUR 8,040,000. In the bonus issue, 2,680,000 new shares with an accounting counter value of one euro were issued. The bonus issue was implemented by transferring EUR 2,680,000 to the share capital so that the funds from the premium fund and reserve fund were transferred in full and the rest from retained earnings. In the bonus issue, a shareholder received, without consideration, one new share for each two post-split shares with an accounting counter value of one euro.