At today’s Annual General Meeting of Leonteq AG (SIX: LEON), shareholders approved all the proposals put forward by the Board of Directors with very strong majorities.
In compliance with the COVID-19 Ordinance 2 of the Swiss Federal Council, no shareholders were admitted to attend the Annual General Meeting in person. The independent proxy represented 70.79% of the total 18,934,097 shares.
All seven members of the Board of Directors proposed for re-election were elected for a further term of office of one year. In addition, Philippe Weber was elected as a new independent member of the Board of Directors. Christopher M. Chambers was re-elected as Chairman of the Board of Directors for a term of office of one year. Shareholders approved the re-election of Susana Gomez Smith and Richard A. Laxer as members of the Nomination and Remuneration Committee for a further term of office of one year. Philippe Weber was elected as a new member of the Nomination and Remuneration Committee.
For the financial year 2019, shareholders approved the proposal that a distribution of CHF 0.50 per share be paid in equal amounts out of retained earnings and reserves from capital contributions.
In four separate binding votes, shareholders approved the maximum compensation of the Board of Directors for the period up to the next Annual General Meeting, the short term variable compensation of the Executive Committee for the financial year 2019 and the maximum fixed compensation as well as the maximum long-term variable compensation of the Executive Committee for the financial year 2021. In an advisory vote, shareholders also approved the Compensation Report 2019.
For further details of the voting results for all proposals presented at the Annual General Meeting 2020, please visit Leonteq’s website at www.leonteq.com/generalmeetings.