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MQ's Election Committee's proposal regarding the Board

17
Dec '11
The Election Committee of MQ Holding AB proposes to the Annual General Meeting 2012 that it re-elects Erik Olsson, also proposed to be re-elected as chairman of the board, Göran Barsby, Thomas Nyberg and Eva Redhe Ridderstad (Jonas Lagerstedt and Christel Kinning have declined re-election). Further, the Election Committee proposes election of Bengt Jaller and Christina Ståhl.

Bengt Jaller has owned and operated MQ-stores in Stockholm City during the period between 1986-2006. As vice chairman of the board of MQ between 1998-2006, he was one of the leading figures behind MQ's development through clarifying the business concept of MQ that among other things led to today's share listing. His personal main focus is assortment structure, purchasing issues and logistics.

Christina Ståhl is CEO of Mio AB since 2007. Further, Christina has board commitments in Kjell & Co Elektronik AB and Nacka Stormarknad AB (ICA Maxi Nacka). Between 1997-2007, Christina worked within ICA AB, inter alia as marketing director of RIMI Svenska AB, as responsible for managing ICA's focus on health & beauty and as CEO of Etos AB.

The remuneration to the members of the board of directors is proposed to be SEK 1,400,000, out of which SEK 400,000 shall be allocated to the chairman of the board of directors and SEK 200,000 to each of the other members of the board of directors. Further, remuneration for committee work is proposed to be paid with an amount of SEK 15,000 for each day of meeting.

The Election Committee proposes that the Annual General Meeting resolves to appoint a new election committee in preparation for the Annual General Meeting to be held in 2013, to a large extent in the same way as for the Annual General Meeting of 2012.

This entails that the chairman of the board of directors shall contact the two largest registered or otherwise known shareholders as per 1 April, 2012, and invite them to each appoint one member of the election committee.

If any shareholder waives its right to appoint a member, the largest registered or otherwise known shareholder that not yet has appointed a member of the election committee shall be invited, and so on.

The election committee shall consist of these two members together with the chairman of the board of directors. The election committee shall appoint a chairman amongst its members.

The Election Committee of MQ Holding AB consists of Malin Säfweräng, representing CapMan and chairman of the Election Committee, Henrik Strömbom, representing Jaller Klädcenter AB, as well as Erik Olsson, chairman of the board of directors.

MQ is one of Sweden's leading branded fashion wear chains. Through a mixture of proprietary and external brands, MQ offers men and women high fashion clothing in attractive stores. The store chain currently has 113 stores and the objective is to establish MQ as the leading brand chain in the Nordic region.

MQ Holding AB


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