EFG Financial Products Holding AG (SIX:FPHN), the Zurich-based integrated structured investment services provider, announces that shareholders approved all proposals put forward by the board of directors at today’s annual general meeting. This includes the approval of the distribution of CHF 1.00 per dividend-paying registered share from capital contribution reserves. Pierin Vincenz, chairman of the board of directors of Notenstein Private Bank and CEO of Raiffeisen Switzerland, and Adrian Künzi, CEO of Notenstein Private Bank, were elected to the board of directors for a term of one year. Patrick de Figueiredo and Lukas Ruflin were re-elected as members of the board for a one-year term. In addition, shareholders approved the planned name change of the company, which will operate under the name “Leonteq AG” at the latest by mid-2013.
The board of directors of EFG Financial Products is now composed of the following members:
Independent members:
Representatives of the Raiffeisen Group:
Representatives of the founding partners:
Following the recently completed acquisition of EFG International’s stake in the company, Notenstein Private Bank, as part of the Raiffeisen Group, now holds a 22.75 % stake in EFG Financial Products. The founding partners together hold a 25.30 % stake in the company.
The future company name approved by shareholders will be rolled out by mid-2013 at the latest, following a separate announcement. From that time onward, the publicly traded entity “EFG Financial Products Holding AG” will operate under the name “Leonteq AG” and the subsidiary “EFG Financial Products AG” as “Leonteq Securities AG”. At the same time, the ticker symbol will be changed from “FPHN” to “LEON” at the SIX Swiss Exchange.