Marimekko (MEKKO) AGM 2021 summary

Opening remarks and agenda

• Adopted the 2020 parent and consolidated financial statements; discharged the Board and CEO for FY2020 and adopted the governing bodies’ remuneration report.

Board and executive committee updates

• Set the Board at seven members: Elina Björklund, Mika Ihamuotila, Mikko-Heikki Inkeroinen and Catharina Stackelberg-Hammaren were re-elected; Carol Chen, Jussi Siitonen and Tomoki Takebayashi were elected, with terms ending at the next AGM.

• Elected Mika Ihamuotila Chair and Elina Björklund Vice Chair; Björklund chairs the Audit and Remuneration Committee, with Inkeroinen, Siitonen and Stackelberg-Hammaren as members; all committee members are independent.

• Annual Board fees remained unchanged from 2020: EUR 48,000 for the Chair, EUR 35,000 for the Vice Chair and EUR 26,000 for other members; committee fees are EUR 2,000 per meeting for the Chair and EUR 1,000 for members.

• About 40% of annual Board fees will be paid in market-purchased shares and the balance in cash; shares to be acquired within two weeks after the Q1 2021 interim report, or as soon as permitted by insider rules. Cash-only payment applies to members holding shares worth over EUR 1 million on 14 April 2021.

Dividend announcements

• Authorized the Board to decide on a dividend of up to EUR 1.00 per share, in one or more instalments; authorization lasts until the next AGM, with record and payment dates to be confirmed if a payment is approved.