Notification of the Annual General Meeting of MQ Holding AB (publ)
MQ Holding AB (publ), Corporate Registration Number 556697-2211, invites you to attend the Annual General Meeting on Wednesday, 22 January 2020, at 2:00 p.m. in the company’s premises at Sankt Eriksgatan 5, Gothenburg. The doors will open at 1:30 p.m.
NOTIFICATION, etc.
Shareholders wishing to participate in the Annual General Meeting must be registered as shareholders in the share register kept by Euroclear Sweden AB by Thursday, 16 January 2020 and must have notified their attendance to the company no later than Thursday, 16 January, preferably before 4:00 pm. A transcript of the entire share register will be available at the Annual General Meeting.
Notification of attendance at the Annual General Meeting can be made by post to MQ Holding AB (publ), Box 119 19, SE-404 39 Gothenburg or by telephone +46 (0)31-388 80 00 or e-mail to: stamma@mq.se. Name/business name, personal identification number/corporate registration number, address and telephone number must be stated in the notification as well as any advisors. No more than two advisors may attend. The company provides an application form on www.mq.se, and also a proxy form for shareholders wishing to be represented by proxy.
In order to obtain the right to participate in the AGM, shareholders who have their shares registered in the name of an authorised agent must temporarily re-register their shares in their own name. Such registration must be completed with Euroclear Sweden AB on Thursday 16 January 2020. Shareholders must instruct their nominee to effect such registrations well in advance of this date. Such registration may be temporary.
At the Annual General Meeting the following proposals will be made:
The Board of Directors proposes that no dividend be paid for the 2018/2019 financial year in order to create scope for strengthening the company (-).
It is proposed that Claes-Göran Sylvén, Bengt Jaller, Arthur Engel, Annika Rost, Anna Engebretsen and Therese Hillman be re-elected as Board members. Mernosh Saatchi has declined re-election. For this reason, the Election Committee proposes a corresponding reduction of the Board of Directors to six persons. Claes-Göran Sylvén is proposed for re-election as Chairman of the Board. Bengt Jaller is proposed for re-election as Deputy Chairman.
The remuneration to the members of the Board of Directors is proposed to be SEK 1,470,000, of which SEK 420,000 to the Chairman and SEK 210,000 to each of the other Board members. Further, remuneration for Audit Committee work is proposed to be SEK 60,000 and SEK 80,000 for Remuneration Committee work. To the regular member of the Remuneration Committee is proposed to pay SEK 25,000 and SEK 35,000 to the Chairman of the Remuneration Committee. Furthermore, the Nomination Committee recommends that members of the Board appointed at the Annual General Meeting for three years acquire shares in MQ Holding corresponding to at least one Board fee.
The Board of Directors proposes a resolution on a 1:10 reverse share split of the company's shares and amendment of the Articles of Association.
The Board of Directors proposes that the 2020 Annual General Meeting in MQ Holding AB pass resolutions on the establishment of a subscription option programme for the Group Management in the MQ Group.
The complete notification can be found in the attached document, as well as on www.mq.se.
This information is information that MQ Holding AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Market Act. The information was released for public disclosure through the agency of President and CEO Ingvar Larsson on 20 December 2019 at 09.00 CET.
For further information, please contact:
Ola Wahlström CFO, telephone +46 (0)31-388 80 00
MQ Holding AB owns and runs retail stores specialised in fashion and accessories under the three business areas Marqet, MQ and Joy. In 2020, all MQ's stores will be converted into concept stores under the name Marqet. Marqet is a concept store chain that offers women's and men's fashion and new exciting product categories adapted for a contemporary work-life. MQ is Sweden's largest brand chain with a mix of own and external brands and offers a wide range of apparel for men and women with a high interest in fashion. Joy focuses on midlife women interested in fashion, which keeps valuing high quality, fit and comfort. The three business areas comprise 159 stores and e-commerce. The MQ Holding stock has been listed at NASDAQ OMX Stockholm since June 18, 2010. For further information, see www.mq.