Press release: Leonteq update ahead of AGM 2025

PRESS RELEASE | LEONTEQ UPDATE AHEAD OF AGM 2025

Zurich, 14 February 2025 | Ad hoc announcement pursuant to Art. 53 LR

Leonteq AG (SIX: LEON) today announced that it has received proposals from shareholders for the Annual General Meeting on 27 March 2025. Separately, Lukas Ruflin has informed the Board of Directors that he will no longer stand for election as a Board member at the upcoming AGM.

Based on article 10 of Leonteq’s Articles of Association, Raiffeisen Switzerland, holding 29.71% of Leonteq shares as of 31.12.2024, has submitted the following proposal to the upcoming AGM:

Appropriation of available earnings (net profit and profit carried forward) and of reserves from capital contributions
Raiffeisen Switzerland Cooperative is proposing a distribution of CHF 3.00 per share as follows: a. the distribution of a dividend of CHF 1.50 per share from available earnings (net profit and profit carried forward); and b. the distribution of CHF 1.50 per share from capital contribution reserves.

Further, Rainer-Marc Frey, holding 6.20% of Leonteq shares as of 31.12.2024, has submitted the following proposal to the upcoming AGM:

Launch of a share buyback programme
The Board of Directors is to be instructed to launch a share buyback programme via a separate trading line in the period between the Annual General Meeting 2025 and the end of 2026. The programme shall have a maximum volume of 5,000,000 registered shares with a nominal value of CHF 1.00 each, and a maximum acquisition value of CHF 150,000,000. The repurchased shares shall then be cancelled in the context of a capital reduction at an ordinary or extraordinary general meeting.

Leonteq’s Board of Directors will evaluate the two proposals and expects to publish its recommendations together with the invitation to the Annual General Meeting on 28 February 2025.

Lukas Ruflin withdraws candidacy as member of the Board at upcoming AGM
Separately, Leonteq today announced that Lukas Ruflin, Leonteq’s second largest shareholder, holding 8.82% as of 31.12.2024 and CEO until 28 February 2025, has informed the Board of Directors that he will no longer stand for election as a Board member at the Annual General Meeting on 27 March 2025.

Lukas Ruflin said: “Following the company’s full-year 2024 results publication, our management team met with Swiss and international institutional shareholders. Feedback indicated that given my role as co-founder of Leonteq, investors expect a cooling-off period for the outgoing CEO before he joins the Board. To avoid any controversy surrounding my candidacy, I have informed the Board that I will no longer stand for election at the upcoming AGM. I remain fully committed to Leonteq as a long-term shareholder.”

Leonteq’s Board of Directors is grateful for Lukas Ruflin’s commitment to putting the company’s interests first.

CONTACT
Media Relations 
+41 58 800 1844
media@leonteq.com

Investor Relations 
+41 58 800 1855
investorrelations@leonteq.com

LEONTEQ
Leonteq is a Swiss fintech company with a leading marketplace for structured investment solutions. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies and banks to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 13 countries across Europe, Middle East and Asia. Leonteq AG has a BBB credit-rating by Fitch Ratings, was assigned with an AA ESG-rating by MSCI and is listed on the SIX Swiss Exchange (SIX: LEON).

www.leonteq.com

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This press release issued by Leonteq AG (the “Company”) serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law.

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