At today’s Annual General Meeting of Leonteq AG (SIX: LEON), shareholders approved all the proposals put forward by the Board of Directors. A total of 139 shareholders attended the meeting in Zurich, representing approximately 67.6% of the issued shares of Leonteq. All proposals were accepted with strong majorities.
All six members of the Board of Directors proposed for re-election were confirmed for a further term of office of one year. Christopher M. Chambers was re-elected as Chairman of the Board of Directors for a term of office of one year. In addition, Susana Gomez Smith was elected as a new independent member of the Board of Directors.
Shareholders approved the re-election of Richard A. Laxer and Hans Isler as members of the Nomination and Remuneration Committee for a further term of office of one year. Susana Gomez Smith was elected as a new member of the Nomination and Remuneration Committee.
For the financial year 2018, shareholders approved the proposal that no dividend be paid from retained profits and that no distribution be made out of reserves from capital contributions.
Shareholders also approved the proposed amendments to Leonteq’s Articles of Association. The conditional share capital was increased to CHF 1 million fully paid in registered shares and new authorisation to increase share capital until 22 March 2021 up to a maximum amount of CHF 4 million fully paid in registered shares was obtained. Furthermore, with the introduction of a new compensation framework for the members of the Executive Committee, the amendments of the statutory compensation principles, the voting regime and employment contracts were approved.
In three separate binding votes, shareholders approved the compensation of the Board of Directors for the period up to the next Annual General Meeting and the maximum fixed compensation as well as the maximum long-term variable compensation of the Executive Committee for the financial year 2020. In an advisory vote, shareholders also approved the Compensation Report 2018.
For further details of the voting results for all proposals presented at the Annual General Meeting 2019, please visit Leonteq’s website at www.leonteq.com/generalmeetings.