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 2018 re-elect Claes-Göran Sylvén, also proposed to be re-elected as Chairman of the Board of Directors, Arthur Engel, Annika Rost, Mernosh Saatchi, Anna Engebretsen and Bengt Jaller, also proposed to be re-elected as Deputy Chairman of the Board. Michael Olsson declines re-elections. New Board member is proposed Therese Hillman.
The remuneration to the members of the Board of Directors is proposed to be SEK 1,680,000, of which SEK 420,000 to the Chairman of the Board 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 to the Chairman of the Audit Committee. Remuneration Committee work is proposed to be SEK 25,000 and SEK 35,000 to the Chairman. In addition, the Nomination Committee recommends that board members appointed at the Annual General Meeting for three years acquire shares in MQ Holding corresponding to at least one year board remuneration.
The Nomination Committee proposes that the Annual General Meeting resolves to appoint a new Nomination Committee ahead of the 2020 Annual General Meeting in the same manner as for the 2019 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 2019, 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 2020 Annual General Meeting. The Nomination Committee is to appoint a Chairman from among its members.
The Nomination Committee of MQ Holding AB comprises Andreas Hofmann (Chairman of the Nomination Committee), appointed by Investment AB Öresund, Evert Carlsson, appointed by Swedbank Robur Fonder, Bo Pettersson, appointed by Jaller Klädcenter AB, Lisen Skarborg Oliw, appointed by Anna Engebretsen and Claes-Göran Sylvén, Chairman of the Board.
This information is information that MQ Holding AB (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 the contact person set out below, at 09.00 CET on December 7, 2018.
For further information, please contact:
Andreas Hofmann, Chairman of the Nomination Committee, telephone +46 760 59 65 71
Christine Abrahamsson, IR Manager, telephone +46 720 78 00 58
MQ Holding AB owns and operates fashion stores under two business areas: MQ and Joy. MQ is 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 175 stores as well as online sales. The MQ Holding share has been listed on Nasdaq OMX Stockholm since June 18th 2010. For more information, please visit our website at www.mq.se