Leonteq (LEON) EGM presentation summary

Board elections and composition

• Two new board members, Andreas Casutt and Reto Suter, are proposed for election, both with extensive legal and financial backgrounds and multiple external board mandates.

• The post-EGM board will consist entirely of independent, non-executive members, with clear separation of roles and annual elections.

• Board diversity includes 29% female representation and a range of tenures and ages, with all members meeting strict independence criteria.

Shareholder proposals

• A major shareholder proposes a share buyback program of up to 5 million shares or CHF 100 million, with shares to be cancelled after repurchase.

• The board supports the principle of a buyback but gives no voting recommendation, noting any buyback will depend on maintaining a CET1 ratio well above 15% and regulatory approvals.

• Another proposal seeks to amend the Articles of Association to allow variable, performance-based board compensation in equity, subject to a three-year lock-up.

• The board recommends voting against this compensation change, citing best practice for non-executive directors and highlighting the current scheme already includes a significant share-based component.

Discharge and regulatory matters

• Discharge for board and executive committee members for 2024 and 2025 is proposed, following the closure of all regulatory legacy matters.

• FINMA confirmed in June 2026 that all ordered measures from previous enforcement proceedings were implemented, with no regulatory proceedings pending.

• Significant investments have been made in compliance, risk management, internal controls, and transaction monitoring.