On Thursday, January 16, 2014, RNB RETAIL AND BRANDS held its Annual General
Meeting (AGM) at the company's premises at Regeringsgatan 29 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
fischal year that extended from September 1, 2012 to August 31, 2013. The AGM
discharges the members of the Board and the President from personal liability
for the 2012/2013 financial year.
The AGM resolved in accordance with the Board's motion that no dividend be paid
for the 2012/2013 fiscal year.
Determination of the number of directors and the number of auditors and deputy
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, Ann-Sofie Danielsson, Ivar
Fransson, Per Thunell and Michael Lemner to the Board, which also elected Monika
Elling as new Board member. Jan Carlzon and Mikael Solberg have declined re
-election and resigned as members of 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 extending until the close of the AGM for 2013/2014 fiscal year.
As auditor in charge the auditing company has appointed Johan Eklund.
The information in this press release is of the type that RNB is obliged to
disclose in accordance with the Securities markets Act. The information was
submitted for publication at 20.00 p.m. on January 16, 2014.
For further information, please contact:
Magnus Håkansson, CEO, RNB RETAIL AND BRANDS,
+46 8 410 520 02, +46 768 87 20 02, e-mail: firstname.lastname@example.org
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 three store concepts Brothers & Sisters, JC 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 11 countries. RNB RETAIL AND
BRANDS has been listed on the NASDAQ OMX Nordic Exchange since 2001.
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