Information from Annual General Meeting
On Wednesday, December 21, 2016, RNB RETAIL AND BRANDS held its Annual General Meeting (AGM) at Drottninggatan 33 in Stockholm under the chairmanship of the Chairman of the Board Laszlo Kriss.
Adoption of income statement and balance sheet and resolution concerning discharge from liability
The AGM adopted the income statement and balance sheet for the Parent company and the consolidated income statement and consolidated balance sheet for the fiscal year that started September 1, 2015 and ended August 31, 2016. The AGM discharges the members of the Board and the President from personal liability for the 2015/2016 financial year.
Dividend
The AGM resolved in accordance with the Board's motion that a dividend of SEK 0.25 per share to be paid for the September 1, 2015 – August 31, 2016 fiscal year, and Friday December 23, 2016 as the record day for distribution.
Determination of the number of directors and the number of auditors and deputy auditors
The AGM approved the Nomination Committee's proposal that the Board shall consist of six Board members and that the number of auditors shall be one without deputy auditors.
Election of Board members
The AGM voted to re-elect Board members Laszlo Kriss, Per Thunell, Ivar Fransson, Michael Lemner, Monika Elling and Sara Wimmercranz to the Board. Laszlo Kriss was elected Chairman of the Board.
Fees to Board members and auditors
The AGM adopted the Nomination Committee's proposal that total directors fees of SEK 1 275 000 be paid, whereby each Board member who is not employed by the company will receive SEK 160 000. SEK 350 000 will be paid to the Chairman of the Board. A special fee of SEK 75 000 is to be paid to the Chairman of the Audit Committee and SEK 25 000 to the other 2 members of the Audit Committee. Otherwise, no fees are to be paid for committee work. Fees to auditors are paid on a current account basis as invoices are received.
Appointment of auditors
The AGM adopted the Nomination committee's proposal to re-elect Ernst & Young for the period from now until the close of the AGM for 2016/2017 fiscal year. As auditor in charge the auditing company has appointed Johan Eklund.
This information is information that RNB RETAIL AND BRANDS AB 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, on December 21, 2016 at 20:00 p.m. CET.
For further information, please contact:
Magnus Håkansson, CEO, RNB RETAIL AND BRANDS AB, 46 8 410 520 02, 46 768 87 20 02,
e-mail: magnus.hakansson@rnb.se
RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the store concepts Brothers and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has operations in 10 countries. RNB RETAIL AND BRANDS has been listed on the Nasdaq Stockholm Exchange since 2001.
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