Information from AGM of RNB RETAIL AND BRANDS
On Thursday, December 21, 2017, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at Drottninggatan 33 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss.
Adoption of income statement and balance sheet and resolution concerning discharge from liability
The AGM adopted the income statement and balance sheet for the Parent company and the consolidated income statement and consolidated balance sheet for the fiscal year that started September 1, 2016 and ended August 31, 2017. The AGM discharges the members of the Board and the President from personal liability for the 2016/2017 financial year.
The AGM resolved in accordance with the Board's motion that a dividend of SEK 0.30 per share to be paid for the September 1, 2065 – August 31, 2017 fiscal year, and Wednesday December 27, 2017 as the record day for distribution.
Determination of the number of directors and the number of auditors and deputy auditors
The AGM approved the Nomination Committee's proposal that the Board shall consist of six Board members and that the number of auditors shall be one without deputy auditors.
Election of Board members
The AGM voted to re-elect Board members Laszlo Kriss, Per Thunell, Michael Lemner, Monika Elling and Sara Wimmercranz to the Board, and elected Joel Lindeman as new Board Member. Laszlo Kriss was elected Chairman of the Board.
Fees to Board members and auditors
The AGM adopted the Nomination Committee's proposal that total directors fees of SEK 1 361 250 be paid, whereby each Board member who is not employed by the company will receive
SEK 172 000. SEK 376 250 will be paid to the Chairman of the Board. A special fee of SEK 75 000 is to be paid to the Chairman of the Audit Committee and SEK 25 000 to the other 2 members of the Audit Committee. Otherwise, no fees are to be paid for committee work. Fees to auditors are paid on a current account basis as invoices are received.
Appointment of auditors
The AGM adopted the Nomination committee's proposal to re-elect Ernst & Young for the period from now until the close of the AGM for 2017/2018 fiscal year. As auditor in charge the auditing company has appointed Johan Eklund.
This information is information that RNB RETAIL AND BRANDS AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, on 21 December 2017 at 20.30 CET.
For further information, please contact:
Magnus Håkansson, CEO, RNB RETAIL AND BRANDS AB
46 8 410 520 02, 46 768 87 20 02, e-mail: firstname.lastname@example.org
RNB RETAIL AND BRANDS owns, operates and develops fashion wear, ready-to-wear clothing, accessories, jewelry and cosmetics stores and e-commerce that focus on providing excellent service and a world-class shopping experience. Sales are conducted through the concepts Brothers, Man of a kind and Polarn O. Pyret. Within the Departments & Stores business area, departments are managed in the department store NK in Stockholm and in Gothenburg. The Group has some 270 stores and e-commerce platforms in 10 countries. RNB RETAIL AND BRANDS has been listed on Nasdaq Stockholm since 2001 under the ticker RNBS.