The Nomination Committee’s proposal to the Board of Directors, etc.
The Nomination Committee of MQ Holding AB proposes that the Annual General Meeting of 2017 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 to be re-elected as Deputy Chairman of the Board.
The remuneration to the members of the Board of Directors is proposed to be 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. Further, remuneration for Audit Committee work is proposed to be SEK 30,000 and SEK 20,000 for Remuneration Committee work. In addition, it is proposed that the Chairman of the Board is given a discretionary amount of SEK 100,000 to distribute in the case of extra comprehensive committee work. The proposal entails that the total Board remuneration is lower than the preceding year.
The Nomination Committee proposes that the Annual General Meeting resolves to appoint a new Nomination Committee ahead of the 2018 Annual General Meeting in the same manner as for the 2017 Annual General Meeting. This entails that the Chairman of the Board shall contact the four largest registered or otherwise known shareholders as per 1 April 2017, and invite them to each appoint one member to the Nomination 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 to the Nomination Committee shall be asked, and so on. The Nomination Committee consists of these four members together with the Chairman of the Board. The names of the members of the Nomination Committee and information about the Chairman of the Nomination Committee will be announced not later than six months prior to the 2018 Annual General Meeting. The Nomination Committee is to appoint a Chairman from among its members.
The Nomination Committee of MQ Holding AB comprises Gustav Lindner (Chairman of the Nomination Committee), appointed by Investment AB Öresund, Evert Carlsson, appointed by Swedbank Robur Fonder, Per Wall, appointed by Jaller Klädcenter AB and Claes-Göran Sylvén, Chairman of the Board.
For further information, please contact:
Gustav Lindner, Chairman of the Nomination Committee, telephone +46 734-39 33 04
Gunnel Haknert, Chief Accountant, telephone +46 761-26 83 32
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 176 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.