Leonteq shareholders approved the proposed share buyback and all other motions at the extraordinary general meeting on Monday. The derivate provider Leonteq is located at the Zurich Europaallee.
Source: zVg
Andreas Casutt was elected as the new president of the board of directors with 83 percent of the votes. In his introductory remarks, Casutt expressed his intention to grow the company, which is undergoing a transformation, and create value for shareholders in the long term. Casutt, who works as a lawyer at the Zurich law firm Niederer Kraft Frey, is also a member of the board of directors of the listed company Mikron and was previously president of the Siegfried Holding until April. He succeeds Christopher Chambers, who announced his resignation.
Reto Suter, the former CFO and board member of Siegfried, Inficon, and Accelleron, was also elected to the board. He replaces Philippe Weber, who did not run for re-election.
Both Casutt and Suter have received approval from the Swiss Financial Market Supervisory Authority (Finma). However, Casutt will be considered a non-independent member of the board of directors for Leonteq as a Horizon21 board member. The Finma classified Horizon21 as a qualified shareholder of Leonteq.
Additionally, shareholders granted the board of directors and the management a large majority of relief for the years 2024 and 2025. They also approved the planned amendment to the articles of association, which provides for fixed and variable compensation for board members, including shares or participation certificates.
