Leonteq AG (SIX: LEON) today published the agenda and the proposals of the Board of Directors for its Annual General Meeting on 31 March 2020.
At Leonteq’s forthcoming Annual General Meeting, shareholders will vote on the approval of the management report, the financial statements and the consolidated financial statements for the financial year 2019. As communicated with its full-year 2019 results, the Board of Directors proposes that a distribution of CHF 0.50 per share be paid for the financial year 2019, in equal amounts out of retained earnings and reserves from capital contributions.
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 proposes the re-election of Christopher Chambers as Chairman. As previously announced, Hans Isler, Vice-Chairman and Chairman of the Audit Committee, will not stand for re-election. Philippe Weber is proposed for election as a new independent member of the Board of Directors. Subject to his election, the Board intends to appoint Philippe Weber as its new Vice-Chairman.
With a view of streamlined workflows, the Board intends to adapt the structure of its committees and create a combined Audit and Risk Committee alongside the Nomination and Remuneration Committee. The table below shows the intended composition of the Board of Directors and its committees following the Annual General Meeting 2020.
Members of the Board of Directors
(subject to AGM 2020 elections) |
Audit and Risk Committee |
Nomination and Remuneration Committee |
| Christopher Chambers (Chairman) |
|
|
| Philippe Weber (Vice-Chairman) |
|
Member |
| Jörg Behrens |
Chair |
|
| Patrick de Figueiredo |
Member |
|
| Susana Gomez Smith |
Member |
Member |
| Richard Laxer |
|
Chair |
| Thomas Meier |
Member |
|
| Dominik Schärer |
|
|
The Board of Directors also proposes the approval of the compensation of the Board of Directors and of the Executive Committee, in separate votes, and the re-election of Leonteq’s statutory auditor as well as of the independent proxy.
The invitation to the Annual General Meeting on 31 March 2020 is available on Leonteq’s website at www.leonteq.com/generalmeetings
| IMPORTANT DATES |
|
| 23 March 2020 |
Close of share register |
| 31 March 2020 |
Annual General Meeting 2020 |
| 02 April 2020 |
Ex-dividend date |
| 03 April 2020 |
Record date |
| 06 April 2020 |
Payment date |
| 23 July 2020 |
Half-year 2020 results |