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.
Dividend
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 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, 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.