Agenda items and proposals of the board of directors for the 2017 Annual General Meeting

Leonteq AG (SIX: LEON), the independent technology and service provider for investment solutions, today announced the agenda items and proposals of the board of directors for its annual general meeting, which will be held on 23 March 2017.

 

At Leonteq’s annual general meeting, shareholders will regularly vote on the approval of the business and financial review, the annual financial statements and the consolidated financial statements for the financial year 2016. The board of directors will propose no dividend pay-out from available earnings and no distribution out of reserves from capital contributions and, accordingly, to carry forward all accumulated profits as well as accumulated reserves from capital contributions.


Furthermore, all members of the board of directors will stand for re-election for another term of office of one year, and the board of directors proposes to appoint Dr. Pierin Vincenz as chairman of the board. The recently announced intention to nominate two additional independent board members will only affect future elections. The board of directors will also propose to shareholders the approval of the total compensation of the members of the board of directors and the executive committee, in separate votes.


Additionally, the board of directors proposes to the annual general meeting two amendments to the articles of association. The remuneration committee shall take over responsibility for the proposal of new members of the board of directors and the executive committee and, consequently, become a nomination and remuneration committee. The remaining authorized capital shall be deleted and, as a general principle of company practice, new authorization to increase share capital until 22 March 2019 up to an equal maximum amount of CHF 3 million fully paid in registered shares shall be obtained. There are no plans by the board of directors to make use of this option at this point in time.

 

The invitation for the annual general meeting on 23 March 2017 is available on Leonteq’s website and on the Sherpany platform.