LEONTEQ PUBLISHES AGENDA AND PROPOSALS OF THE BOARD OF DIRECTORS FOR THE 2018 ANNUAL GENERAL MEETING
Leonteq AG (SIX: LEON), a leading expert for structured investment products and long-term savings solutions, today published the agenda and proposals of the Board of Directors for its Annual General Meeting on 28 March 2018.
At Leonteq’s forthcoming Annual General Meeting, shareholders will vote on the approval of the business and financial review, the annual financial statements and the consolidated financial statements for the financial year 2017. The Board of Directors will propose that no dividend be paid out from available earnings and that there be no distribution out of reserves from capital contributions and, accordingly, that all accumulated profits as well as accumulated reserves from capital contributions be carried forward.
Furthermore, seven members of the Board of Directors will stand for re-election for a further term of office of one year, and the Board of Directors will propose the appointment of Christopher M. Chambers as Chairman of the Board. In addition Richard A. Laxer will be proposed for election as a new independent member of the Board of Directors and as a new member of the Nomination and Remuneration Committee. Lukas Ruflin will not stand for re-election and will relinquish all his Board functions with effect from the Annual General Meeting. As previously announced, he will assume the role of CEO of Leonteq on 1 May 2018.
The Board of Directors will also propose the approval of the maximum total compensation of members of the Board of Directors and of the Executive Committee, in separate votes. Additionally, Board of Directors will propose to the Annual General Meeting a general revision of the Articles of Association.