Leonteq publishes agenda and proposals of the Board of Directors for the Annual General Meeting 2024
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Leonteq AG
/ Key word(s): AGMEGM
PRESS RELEASE | LEONTEQ PUBLISHES AGENDA AND PROPOSALS OF THE BOARD OF DIRECTORS FOR THE ANNUAL GENERAL MEETING 2024 Zurich, 01 March 2024
At Leonteq’s forthcoming Annual General Meeting, the Board of Directors proposes the re-election of seven of its current eight members as well as the re-election of Christopher Chambers as Chairman. Leonteq’s anchor shareholder, Raiffeisen Switzerland, has decided to no longer be represented with a dedicated seat on the Board of Directors to further support the Board’s full independence and diversification of skills. As a result, Dominik Schärer, member of the Board of Directors since 2019, will not stand for re-election. A process to identify and appoint a new female director with a background in technology is ongoing. As already communicated, the Board of Directors proposes a distribution to shareholders of CHF 1.00 per share for the financial year 2023, to be paid in equal amounts out of retained earnings and reserves from capital contributions. Shareholders will also vote on the approval of the management report, the financial statements and the consolidated financial statements as well as – in a first-time advisory vote – the sustainability report for the year 2023. Furthermore, the Board of Directors proposes the approval of the compensation of the members of the Board of Directors and the Executive Committee, in separate votes. Following the completion of its 2023 share buyback programme, the Board of Directors proposes to reduce Leonteq’s share capital through the cancellation of the repurchased shares. In addition, the Board of Directors proposes the introduction of a capital band. The Board of Directors also proposes the re-election of Deloitte AG as its statutory auditor for the financial year 2024 and the re-election of the independent proxy. The invitation to the Annual General Meeting on 28 March 2024 is available on Leonteq’s website at www.leonteq.com/agm.
Investor Relations
Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 13 countries across Europe, the Middle East and Asia. Leonteq AG has a BBB credit rating by Fitch Ratings, was assigned with an AA ESG rating by MSCI and is listed on the SIX Swiss Exchange (SIX: LEON). www.leonteq.com DISCLAIMER This press release issued by Leonteq AG (the “Company”) serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law. This press release may contain specific forward-looking statements, e.g. statements including terms like “believe“, “assume“, “expect“, "target" “forecast“, “project“, “may“, “could“, “might“, “will“ or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation.
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1848781 01.03.2024 CET/CEST
