Leonteq : publishes agenda and proposals of the Board of Directors for the Annual General Meeting 2019

Leonteq AG (SIX: LEON), an independent expert in structured investment products and long-term savings solutions, today published the agenda and the proposals of the Board of Directors for its Annual General Meeting on 27 March 2019.

At Leonteq's forthcoming Annual General Meeting, shareholders will vote on the approval of the business and financial review, the annual financial statements and the consolidated financial statements for the financial year 2018. As announced previously, the Board of Directors proposes that no dividend be paid for 2018.

Six 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 M. Chambers as Chairman. Vince Chandler, Chairman of the Nomination and Remuneration Committee, will not stand for re-election and will relinquish all his Board functions with effect from the Annual General Meeting. Subject to his re-election, the Board intends to appoint Richard A. Laxer as Leonteq's new Chairman of the Nomination and Remuneration Committee. In addition, Susana Gomez Smith is proposed for election as a new independent member of the Board of Directors and of the Nomination and Remuneration Committee.

Susana Gomez Smith (1973), a Portuguese and British citizen, brings with her over 20 years of international experience in the financial services sector. She served as a Managing Director at Santander, UK from 2013 to 2018 and as an advisor to the CEO and the Executive Committee at Banco Nacional Ultramarino, Macau from 2012 to 2013. Prior to that, she was Asia Pacific Head of Structuring and Business Manager for Emerging Markets Credit Trading at Citigroup, Hong Kong from 2007 to 2012, and Manager and Public Affairs Officer of Citigroup, Portugal from 2002 to 2007. She is currently an Ambassador for the INSEAD directors' network. Susana Gomez Smith holds an MSc in Economics from the Technical University of Lisbon and a BSc in Economics from the Nova University of Lisbon. In addition, she has completed a number of Non-Executive Directors Programmes, including at INSEAD and CASS Business School, London.

Christopher M. Chambers, Chairman of Leonteq, stated: 'We wish to thank Vince Chandler for his contributions to the Board of Directors and to Leonteq's operations and technology platform, and wish him all the best for the future. Vince has been a member of the Board since 2012, the year Leonteq went public, and has added particular value in his role as Chairman of the Nomination and Remuneration Committee, which included the recent overhaul of our compensation system.' He added, 'With the nomination of Susana Gomez Smith for election as a member of the Board of Directors, we are underlining Leonteq's commitment to continuously strengthen the independence, skills and diversity of our Board.'

As announced on 4 February 2019, Paulo Brügger, representative of Leonteq's largest shareholder, Raiffeisen Switzerland, stepped down from his role as member of Leonteq's Board of Directors. Raiffeisen Switzerland will in due course propose an appropriate successor for nomination by Leonteq's Board of Directors and election by the shareholders.

The Board of Directors also proposes certain amendments to Leonteq's Articles of Association. The conditional share capital shall be increased to CHF 1 million fully paid in registered shares and, as a general principle of company practice, new authorisation to increase share capital until 22 March 2021 up to a maximum amount of CHF 4 million fully paid in registered shares shall be obtained. There are no plans by the Board of Directors to make use of this option at this point in time. Furthermore, with the introduction of a new compensation framework for the Executive Committee, the statutory compensation principles, employment contracts and voting regime shall be amended.

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.