Press release from 2019 Annual General Meeting
MQ Holding AB held its Annual General Meeting on 23 January 2019 in Gothenburg. At the AGM, the income statements and balance sheets of the Parent Company and the Group for the 2017/2018 financial year were approved. The AGM also approved the Board’s proposal that no dividend be paid for the 2017/2018 financial year in order to create scope for strengthening the company and, in particular, the digital development of the company (SEK 1.75). The Board and CEO were discharged from liability for the 2017/2018 financial year.
The AGM resolved that, until the next Annual General Meeting, the Board will comprise seven members. Claes-Göran Sylvén, Bengt Jaller, Arthur Engel, Anna Engebretsen, Annika Rost, Mernosh Saatchi and Therese Hillman were elected as Board members. Claes-Göran Sylvén was re-elected Chairman of the Board. Bengt Jaller was re-elected Deputy Chairman.
The AGM also approved an annual Board fee totalling SEK 1,680,000, of which SEK 420,000 for the Chairman and SEK 210,000 for each of the other Board members. Remuneration for Committee work was approved to be SEK 60,000 for work on the Audit Committee and SEK 80,000 to the Chairman of the Audit Committee. Remuneration Committee work was approved to be SEK 25,000 and SEK 35,000 to the Chairman.
For further information, please contact:
Ola Wahlström, CFO, telephone +46 (0) 31-388 84 01
This information is information that MQ Holding (publ) 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 President and CEO Ingvar Larsson, at 16.30 CET on January 23, 2019.
MQ Holding AB owns and operates fashion stores under two business areas: MQ and Joy. MQ is today Sweden’s largest retailer of fashion brands. Through a select mix of proprietary and external brands, MQ offers high-fashion menswear and womenswear in attractive stores. Joy targets fashion-conscious women at midlife who desire excellent quality, fit and comfort. The two business areas currently comprise a total of 173 stores as well as online shopping. The MQ Holding share has been listed on Nasdaq Stockholm since 18 June 2010. For more information, please visit our website at www.mq.se.