The Election Committee’s proposal regarding the Board of Directors, etc.
The Election Committee of MQ Holding AB proposes that the Annual General Meeting of 2016 re-elect Claes-Göran Sylvén, also proposed to be re-elected as Chairman of the Board of Directors Arthur Engel, Annika Rost, Mernosh Saatchi, Michael Olsson, Anna Engebretsen and Bengt Jaller, also proposed as Deputy Chairman.
The remuneration to the members of the Board of Directors is proposed as SEK 1,600,000, of which SEK 400,000 to the Chairman of the Board and SEK 200,000 to each of the other Board members. Furthermore, remuneration for Committee work is proposed as SEK 15,000 for each day of meeting. The proposal entails that the total Board remuneration is the same as in the preceding year.
The Election Committee proposes that the Annual General Meeting resolves to appoint a new Election Committee in preparation for the 2017 Annual General Meeting in the same manner as for the 2016 Annual General Meeting. This entails that the Chairman of the Board contact the three largest registered or otherwise known shareholders as per 1 April 2016, and invite them to each appoint one member of the election committee. If any shareholder waives its right to appoint a member, the largest registered or otherwise known shareholder that has not yet appointed a member of the Election Committee shall be asked, and so on. The Election Committee is to consist of these three members together with the Chairman of the Board. The names of the members of the Election Committee and information about the Chairman of the Election Committee will be announced not later than six months prior to the 2017 Annual General Meeting. The Election Committee is to appoint a Chairman from among its members.
The Election Committee of MQ Holding AB consists of Gustav Lindner (Chairman of the Election Committee), representing Investment AB Öresund, Pehr-Olof Malmström, representing Danske Capital, Per Wall, representing Jaller Klädcenter AB and Claes-Göran Sylvén, Chairman of the Board.
For further information, please contact:
Gustav Lindner, Chairman of the Election Committee, tel: +46 (0) 734-39 33 04
Jennie Ahlgren, IR Manager, tel: +46 (0)761-25 71 20
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 121 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.