Report from MQ Holding AB’s Annual General Meeting 2013
MQ Holding AB held its Annual General Meeting on 31 January 2013 in Gothenburg. The Parent Company and the Group’s income statements and balance sheets for the fiscal year of 2011/2012 were approved at the meeting. The Meeting further passed the Board of Directors’ proposal regarding the appropriation of profits and resolved to issue a dividend of SEK 0.87 per share. The record date for distribution was established as Tuesday, 5 February 2013 and payment is expected to be made via Euroclear Sweden AB on Friday, 8 February 2013. The Board of Directors and the Managing Director were granted a discharge from liability for the fiscal year 2011/2012.
The Meeting resolved that the Board of Directors shall consist of six members until the next Annual General Meeting. Erik Olsson, Göran Barsby, Thomas Nyberg, Eva Redhe Ridderstad, Bengt Jaller and Christina Ståhl were re-elected as members of the Board of Directors. Erik Olsson was re-elected as the Chairman of the Board.
The Meeting resolved that the remuneration to the Board of Directors shall be SEK 1,400,000, of which SEK 400,000 shall be allocated to the Chairman of the Board of Directors and SEK 200,000 to each of the other members of the Board of Directors. Further, remuneration for committee work was resolved to be SEK 15,000 for each day of meeting. The remuneration remains unchanged compared to last year.
Resolutions were also passed regarding guidelines for remuneration to the executive management of the company and the establishment of an Election Committee for the Annual General Meeting of 2014. The Election Committee shall be increased by one additional member and shall thus consist of four members in total.
For additional information, please contact:
Mats Gärdsell, CEO and Group Chief Executive, telephone +46 (0) 702-77 74 94
Tony Siberg, EVP and CFO, telephone +46 (0) 736-84 41 60
MQ is one of Sweden's leading retailers of fashion brands. Through a select mix of in-house and external brands, MQ offers men's and women's clothes with a high fashion content in attractive stores. The company currently has a nationwide network of 119 stores in Sweden and its goal is to be the leading fashion brand retail chain in the Nordic region. MQ was listed on NASDAQ OMX Stockholm on 18 June 2010. For more information, see www.mq.se