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Leonteq announced solid results and good strategic progress for the first half of 2014. Leonteq today also announced a fully underwritten rights offering relating to 1,296,295 new registered shares to be issued from existing authorized capital; Leonteq shareholders will receive one tradable subscription right for every existing share they hold on 28 July after close of trading on SIX Swiss Exchange; through exercise of subscription rights, eligible shareholders will be able to subscribe for 7 new shares for every 36 existing shares held at CHF 140.25 per new share; subscription rights will be traded on SIX from 29 July until 6 August, and will be exercisable from 29 July until 7 August, 12:00 noon CEST
Leonteq delivered strong results for the first half of 2013, reflecting increased client activity supported by a positive environment for yieldenhancement products, and good performance in all of the company’s regions. Leonteq recorded total operating income of CHF 81.9 million on turnover of CHF 7.8 billion for the first six months of 2013, representing an increase of 29 % and 34 % respectively, compared to the first half of 2012. Group net profit rose 124 % year-on-year to CHF 21.5 million. The cost-income ratio improved to 70 %, from 84 % a year earlier. Outstanding volume of products issued under Leonteq’s own name reached CHF 2.0 billion as per 30 June 2013. With the addition of Notenstein Private Bank as new white-labeling partner, the company also made good progress in the implementation of its strategy. Despite economic and market uncertainties, Leonteq is confident that it will achieve solid results for 2013 overall.