Leonteq AG / Key phrase(s): Authorized Matter
27-Dec-2022 / 07:00 CET/CEST
Launch of an advert hoc announcement pursuant to Artwork. 53 LR
The issuer is solely liable for the content material of this announcement.
PRESS RELEASE | LEONTEQ REACHES SETTLEMENT IN PREVIOUSLY DISCLOSED LEGACY LITIGATION MATTER AND PROVIDES BUSINESS UPDATE
Zurich, 27 December 2022 | Advert hoc announcement pursuant to Artwork. 53 LR
Leonteq AG (SIX: LEON) introduced as we speak {that a} settlement has been reached in respect of beforehand disclosed civil proceedings introduced within the English Business Court docket by Utmost Worldwide Isle of Man Restricted and Utmost Paneurope dac and topic to court docket approval these proceedings can be dismissed. The legacy case initially put ahead by Previous Mutual Worldwide group firms, which had been since acquired by Utmost, primarily associated to alleged occasions within the interval 2012 to 2016.
Enterprise replace
Within the second half of 2022 thus far, Leonteq continued to register decreased shopper demand on the again of an general difficult market atmosphere however recorded steady month-to-month internet charge earnings over the identical interval. On the identical time, Leonteq continued to take care of a prudent method to danger administration with its internet buying and selling end result compensating for subdued shopper exercise, notably within the third quarter of 2022. In consequence, Leonteq expects to report a bunch internet revenue for 2022 within the space of the prior-year document results of CHF 155.7 million, equal to EPS of CHF 8.47 (earlier steering was to exceed the prior yr’s group internet revenue).
CONTACT
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LEONTEQ
Leonteq is a Swiss fintech firm with a number one market for structured funding options. Primarily based on proprietary fashionable know-how, the corporate affords spinoff funding services and predominantly covers the capital safety, yield enhancement and participation product lessons. Leonteq acts as each a direct issuer of its personal merchandise and as a companion to different monetary establishments. Leonteq additional permits life insurance coverage firms to provide capital-efficient, unit-linked pension merchandise with ensures. The corporate has workplaces and subsidiaries in 13 nations, by means of which it serves over 50 markets. Leonteq AG is listed on the SIX Swiss Change (SIX: LEON). www.leonteq.com
DISCLAIMER
This press launch issued by Leonteq AG (the “Firm”) serves for info functions solely and doesn’t represent analysis. This press launch and all supplies, paperwork and knowledge used therein or distributed within the context of this press launch don’t represent or type a part of and shouldn’t be construed as, a suggestion (public or personal) to promote or a solicitation of affords (public or personal) to buy or subscribe for shares or different securities of the Firm or any of its associates or subsidiaries in any jurisdiction or an inducement to enter into funding exercise in any jurisdiction, and is probably not used for such functions. Copies of this press launch is probably not made accessible (straight or not directly) to any individual in relation to whom the making accessible of the press launch is restricted or prohibited by regulation or despatched to nations, or distributed in or from nations, to, in or from which that is restricted or prohibited by regulation.
This press launch might comprise particular forward-looking statements, e.g. statements together with phrases like “consider“, “assume“, “count on“, “goal” “forecast“, “undertaking“, “might“, “may“, “would possibly“, “will“ or comparable expressions. Such forward-looking statements are topic to recognized and unknown dangers, uncertainties and different elements which can end in a considerable divergence between the precise outcomes, monetary state of affairs, improvement or efficiency of the Firm or any of its associates or subsidiaries and people explicitly or implicitly presumed in these statements. These elements embrace, however should not restricted to: (1) common market, macroeconomic, governmental and regulatory developments, (2) actions in securities markets, trade charges and rates of interest and (3) different dangers and uncertainties inherent in our enterprise. As well as, at the moment, it is vitally troublesome to offer a significant prediction on how the governmental actions in response to the continued outbreak of a novel coronavirus illness (COVID-19) and different COVID-19 associated elements will have an effect on Leonteq’s operations and the way lengthy such measures will stay in place. The COVID-19 outbreak has induced, and should proceed to trigger, uncertainty, financial instability and a big lower of whole financial output within the affected areas and globally. The impression of the COVID-19 outbreak on the final financial atmosphere within the markets through which Leonteq operates stay unsure and could possibly be vital. In opposition to the background of those uncertainties, you shouldn’t depend on forward-looking statements. Neither the Firm nor any of its associates or subsidiaries or their respective our bodies, executives, staff and advisers assume any duty to organize or disseminate any complement, modification, replace or revision to any of the data, opinions or forward-looking statements contained on this press launch or to adapt them to any change in occasions, circumstances or circumstances, besides as required by relevant regulation or regulation.
Finish of Inside Info
