Leonteq announces main agenda items and proposals of the board of directors for ordinary general meeting
Leonteq AG (SIX: LEON), the Zurich-based engineering and infrastructure partner for investment solutions, today announces the main agenda items and proposals of the board of directors for its ordinary general meeting which will be held on 22 April 2015. The invitation will be published on 20 March 2015 on the website of Leonteq.
For this year’s ordinary general meeting, the board of directors of Leonteq AG proposes the approval of the distribution of CHF 3.00 (2013: CHF 2.00) per dividend-paying registered share from capital contribution reserves.
The board of directors proposes that the ordinary general meeting elects Dr. Patrik Gisel as a new member of the board. He is the CEO-elect of the Raiffeisen Group, of whose executive management he has been part of since 2000. He will replace Dr. Adrian Künzi, member since 2013 who will leave the board. The current Raiffeisen CEO Dr. Pierin Vincenz and all other members of the board are proposed for re-election.
The board of directors will also put forward to the ordinary general meeting the approval for remuneration of the members of the board of directors and the management; that is the forward-looking approval of the maximum total remuneration for the executive committee for the next business year, or, for the board of directors, until the next ordinary general meeting.
Additionally, the board of directors proposes to the ordinary general meeting a series of amendments to the articles of association. Notably, in view of the recent strong increase of the share price, the board of directors proposes to split the Leonteq share at a 1:2 ratio, to delete the remaining authorized capital and to obtain, as a general principle of company practice, new authorization to increase the share capital, at any time until the 14 April 2017, up to a maximum amount of CHF 3 million fully paid in registered shares. After last year’s capital increase there are no plans by the board of directors to make use of this option at this point in time.