Press release from 2015 Annual General Meeting
MQ Holding AB held its Annual General Meeting on 29 January 2015 in Gothenburg, Sweden. At the AGM, the income statements and balance sheets of the Parent Company and the Group for the 2013/2014 financial year were approved. The AGM also approved the Board’s proposal for the distribution of profits through a dividend of SEK 1.36 per share. The record date was set as Monday, 2 February 2015 and payment is expected to be made through Euroclear Sweden AB on Thursday, 5 February 2015. The Board and CEO were discharged from liability for the 2013/2014 financial year.
The AGM resolved that, until the next Annual General Meeting, the Board will comprise seven members. Arthur Engel, Annika Rost, Mernosh Saatchi, Michael Olsson and Bengt Jaller were re-elected as Board members, while Claes-Göran Sylvén and Anna Engebretsen were elected as new Board members. Claes-Göran Sylvén was elected Chairman of the Board and Bengt Jaller was elected Deputy Chairman.
The AGM also approved an annual Board fee totalling SEK 1,600,000, of which SEK 400,000 for the Chairman and SEK 200,000 for each of the other Board members. Remuneration for committee work was approved at SEK 15,000 per meeting day. The decision means that the total Board remuneration is unchanged from the amount approved by the preceding AGM.
The meeting resolved to approve an addition to article 7 of the Articles of Association that enables the General Meeting of Shareholders to be held, apart from where the Board has its registered office, in Stockholm.
Moreover, a resolution was passed on principles for remuneration of senior executives, as well as a resolution on the establishment of a new Nomination Committee prior to the 2016 Annual General Meeting.
For further information, please contact:
Jennie Ahlgren, Chief Business Control/IR, telephone +46 (0)761-25 71 20
Tony Siberg, Deputy CEO and CFO, telephone +46 (0)736-84 41 60
MQ is one of Sweden's leading branded fashion wear chains. Through a mixture of proprietary and external brands, MQ offers men and women high fashion clothing in attractive stores. The store chain currently has 120 stores and the objective is to establish MQ as the leading brand chain in the Nordic region. The MQ share is listed on NASDAQ OMX Stockholm since June 18th, 2010. For more information, see www.mq.se.