Odd Molly International AB (publ)
PRESS RELEASE
Stockholm, Sweden, April 25, 2013The Annual General Meeting (AGM) of Odd Molly International AB today adopted the Parent Company’s and the Group’s income statements and balance sheets for the financial year 2012. The AGM approved a dividend of SEK 1.50 (3.00) to be paid to the shareholders for the financial year 2012. The Board of Directors and the CEO were discharged from liability for the financial year 2012.
The AGM passed the resolution on the Board of Directors and reelected Board Members Christer Andersson, Mia Arnhult, Lennart Björk, Patrik Tillman and Nils Vinberg. Karin Wallin-Norman had declined reelection. Patrik Tillman was reelected as Chairman of the Board. Further, the AGM resolved to elect as a new Board Member Kia Orback Pettersson, born 1959, economist from Lund University. Kia is also a Board Member of Jernhusen AB, JM AB and Kungsleden Aktiebolag, among others, as well as Chairman of Forsen Projekt Aktiebolag, Ponderus Invest AB and Svefa Aktiebolag. The resolutions were passed in accordance with the Nomination Committee’s proposal.
The AGM also resolved, in accordance with the Nomination Committee’s proposal, to pay the Chairman remuneration of SEK 150,000, unchanged from the previous year, and to pay each Board Member SEK 100,000, also unchanged from the previous year, corresponding to total remuneration of SEK 650,000.
The registered accounting firm Ernst & Young AB was reelected as the company’s auditor for the period until the end of the AGM in 2014. The AGM resolved that the auditor’s remuneration will be paid in accordance with approved invoices.
Moreover, resolutions were passed on the remuneration guidelines for senior executives and on the Nomination Committee.For further information, please contact:
Patrik Tillman, Chairman of the Board, phone: +46-733-50 61 20
The information in this press release has been published by Odd Molly International AB (publ) on April 25, 2013 at 5.00 pm CET in accordance with the Securities Market Act and/or the Financial Instruments Trading Act.
About Odd Molly
Odd Molly is a Swedish company that designs, markets and sells fashion. Odd Molly products are sold through retailers in around thirty countries around the world. In addition, Odd Molly currently has four of its own physical stores in Stockholm, Kungsbacka, Barkarby and Copenhagen, a web shop and three shop-in-shops. Odd Molly has 57 employees. The company’s historically profitable growth is the result of creative design, consistent branding and a business model that facilitates expansion with limited capital requirements and low inventory risk. Odd Molly’s share is traded as of June 21, 2010 on NASDAQ OMX Stockholm.
Odd Molly International AB
Kornhamnstorg 6
SE-111 27 STOCKHOLM
Sweden
Phone: +46 8 522 28 500
www.oddmolly.com
Press photos can be downloaded from Odd Molly’s website at www.oddmolly.com under “press”. Odd Molly also produces a newsletter with reports on daily operations. To subscribe, go to www.oddmolly.com and click “sign up for our newsletter.”