Report from the Extraordinary General Meeting on 23 August 2011

Report from the Extraordinary General Meeting on 23 August 2011

 

MQ Holding AB (the “Company”) held an extraordinary general meeting on
23 August 2011 in Gothenburg. The Meeting resolved in accordance with
the board of directors' proposal to establish a long-term, share related
incentive program 2011/2014 (the “Program”) and a hedging arrangement in
respect of the Program. The Program, which runs for three years, shall
include a total of seven senior executives and specialists within the MQ
group and in total comprise no more than 525,000 shares in the Company
(before any recalculation).

Participation in the Program requires that the participant purchases
shares in the Company (“Saving Shares”) and allocates these to the
Program. Conditioned on continued employment and that the holding of
Saving Shares has been maintained, the participant is entitled to after
a three-year qualification period for each Saving Share receive
allotment of one share in the Company free of charge (a “Matching
Share”). Further, upon fulfillment of certain performance conditions the
participant is entitled to for each Saving Share receive allotment of an
additional maximum of three or four shares in the Company free of charge
(“Performance Shares”), depending on the employee category the
participant belongs to. The performance conditions are mainly based on
the MQ group's operating profit and on the average sales ratio for the
MQ group and the average close ratio for the MQ group, respectively.

The main purpose with the Program is to create opportunities for the MQ
group to recruit and to keep competent senior executives and
specialists, to create commitment for the MQ group's long-term
development and to link senior executives' and specialists' interests
with the shareholder's interests and encouraging share ownership.

To secure delivery of shares in accordance with the Program the Meeting
resolved that the Company shall enter into a customary hedging
arrangement agreement with Nordea Bank AB (publ).

For more information, please contact:

Jennie Ahlgren, IR-manager, phone +46 (0)761 25 71 20