Report from MQ Holding AB’s Annual General Meeting 2012

Report from MQ Holding AB’s Annual General Meeting 2012

 

MQ Holding AB held its Annual General Meeting on 31 January 2012 in Gothenburg.
The Parent Company and Group’s income statements and balance sheets for the
fiscal year of 2010/2011 were approved at the meeting. The meeting further
passed the motion by the Board of Directors’ regarding the appropriation of
profits and resolved to issue a dividend of SEK 1.10 per share. The record date
was established as Friday, 3 February 2012 and payment is expected to be made
via Euroclear Sweden AB on Wednesday, 8 February 2012. The Board of Directors
and President were granted a discharge from liability for the fiscal year
2010/2011.

The Meeting resolved that the Board of Directors should comprise six Board
members until the next Annual General Meeting. Erik Olsson, Göran Barsby, Thomas
Nyberg and Eva Redhe Ridderstad were re-elected to the Board, and Bengt Jaller
and Christina Ståhl were elected as new members. Erik Olsson was re-elected as
the Chairman of the Board. Christel Kinning and Jonas Lagerstedt declined
re-election.

The Meeting resolved on annual director fees to the Board of Directors totalling
SEK 1,400,000, of which SEK 400,000 is allocated to the Chairman of the Board
and SEK 200,000 to each of the other Board members. Remuneration for committee
resolved to be SEK 15,000 for each day of meeting.

Resolutions were also passed regarding guidelines for remuneration to the
executive management of the company and the establishment of a new Nomination
Committee forthe 2013 Annual General Meeting.

For additional information, please contact:

Jennie Ahlgren, IR Manager, telephone +46 (0)761-25 71 20

Tony Siberg, Executive Vice President and CFO, telephone +46 (0)736-84 41 60

MQ is one of Sweden's leading retailers of fashion brands. Through a select mix
of in‐house and external brands, MQ offers men's and women's clothes with a high
fashion content in attractive stores. The company currently has a nationwide
network of 115 stores in Sweden and its goal is to be the leading fashion brand
retail chain in the Nordic region. MQ was listed on NASDAQ OMX Stockholm on 18
June 2010. For more information, see www.mq.se