SHAREHOLDERS APPROVE ALL PROPOSALS PUT FORWARD BY BOARD OF DIRECTORS AT ANNUAL GENERAL MEETING
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 153 shareholders attended the meeting in Zurich, representing approximately 66.3% of the issued shares of Leonteq. All proposals were accepted with strong majorities.
All seven members of the Board of Directors proposed for re-election were confirmed in office for a further term of one year. Christopher M. Chambers was re-elected as Chairman of the Board of Directors for a term of one year. In addition, Richard A. Laxer was elected as a new independent member of the Board of Directors.
Shareholders approved the re-election of Vince Chandler and Hans Isler as members of the Nomination and Remuneration Committee for a further term of one year. Richard A. Laxer was elected as a new member of the Nomination and Remuneration Committee.
For the 2017 financial year, shareholders approved the proposal that no dividend be paid from available earnings and that no distribution be made out of reserves from capital contributions.
In two separate binding votes, shareholders approved the compensation of the Board of Directors for the period up to the next Annual General Meeting and the compensation of the Executive Committee for the 2019 financial year. In an advisory vote, shareholders also approved the 2017 Compensation Report.