KappAhl invites to Annual General Meeting
KappAhl AB's (publ) Annual General Meeting will be held at 10.00 am on Tuesday 5 December 2017 at KappAhl's head office, Idrottsvägen 14, Mölndal, Sweden. Notification to participate should be made, preferably by 12 o'clock noon, on Wednesday 29 November 2017.
At the Annual General Meeting the following matters, inter alia, are proposed to be dealt with:
- The Board of Directors’ proposal about the resolution regarding the adoption of the income statement and balance sheet, distribution of the company’s result (proposed dividend of 2.00 SEK per share) and a substantially unchanged remuneration policy for the company management.
- The Nomination Committee’s proposals are that Anders Bülow is appointed chairman of the Annual General Meeting, that seven ordinary board members are appointed, that remuneration will be paid with SEK 400,000 to the chairman of the Board, and with SEK 200,000 to the other members of the Board and that remuneration for committee work is unchanged per board member, that Anders Bülow, Kicki Olivensjö, Pia Rudengren, Susanne Holmberg, Göran Bille and Cecilia Kocken are re-elected as ordinary members of the Board, that Thomas Gustafsson is elected as new ordinary member of the Board and that Anders Bülow through re-election is elected as chairman, and that PwC is re-elected as the accounting firm with Eva Carlsvi as the principally responsible auditor.
- The Board of Directors’ proposal about a share split and reduction of the share capital through an automatic redemption procedure. Through the redemption procedure approximately SEK 500 million will be transferred to KappAhl's shareholders, corresponding to SEK 6.50 per share.
The full version of the notice follows is enclosed.
For more information contact:
Charlotte Högberg, Head Corporate Communications. Tel. 46 (0)704-71 56 31, e-mail firstname.lastname@example.org
KappAhl was founded in Gothenburg in 1953 and is a leading fashion chain in the Nordic region with 370 KappAhl and Newbie stores, including Shop Online, in Sweden, Norway, Finland, Poland and Great Britain. Our business idea is to offer value-for-money fashion of our own design to the many people. Sustainability-labeled fashion accounts for 53 per cent of the range. Sales for 2016/2017 totaled SEK 4.9 billion and the company has approx. 4,000 employees in nine countries. KappAhl is quoted on Nasdaq Stockholm. More information at www.kappahl.com