LEONTEQ INFORMS ABOUT RECENT DEVELOPMENTS REGARDING OLD MUTUAL INTERNATIONAL
Leonteq AG (SIX: LEON), has been informed by Old Mutual International (OMI) by way of informal letter that OMI has filed a claim form with the High Court of the Isle of Man against Leonteq and other parties in relation to certain structured product transactions and related fees and commissions. At this point in time, neither the claim form nor any particulars of the alleged claim have been served on Leonteq. Leonteq fully rejects any claims in this matter and will rigorously defend its position.
The filing of a claim form is the initial procedural step to commence court proceedings in the Isle of Man. While Leonteq has not yet been legally served, the copy of the claim form it has informally received from OMI contains a brief description of the alleged claim. It does not provide any meaningful information as to the legal grounds on which the claim is being advanced or the precise remedies sought by OMI.
Leonteq fully rejects any claims in this matter and will rigorously defend its position, before the appropriate court.
Leonteq has decided to make this announcement because it became aware that information has selectively been released by third parties to certain media that a claim has been filed.