Leonteq AG announces a fully-underwritten rights offering

Niederer Kraft Frey advised Leonteq AG, a SIX Swiss Exchange listed independent expert for structured investment products and long-term savings and retirement solutions, in connection with its fully-underwritten rights offering to further strengthen its capital base that launched on 19 July 2018. The rights offering relates to 2,989,593 new registered shares with a nominal value of CHF 1.00 each to be issued from existing authorized capital. The expected net proceeds are approximately CHF 118.5 million and the first day of trading is anticipated to be 3 August 2018. The banking syndicate for the rights offering comprises Credit Suisse as global coordinator and bookrunner and Raiffeisen Switzerland as co-bookrunner. Credit Suisse has committed to firmly underwrite all new shares that will be issued in conjunction with the rights offering, subject to customary conditions.

The NKF team was led by Capital Markets partner Philippe Weber, working with partner Daniel Bono, counsel Christina Del Vecchio, associates Deirdre Ni Annrachain, Samuel Hochstrasser and Julia Tolstova and junior associate Isilay Dagdelen on Capital Markets, and partner Markus Kronauer, counsel Elga Reana Tozzi and associate Vanessa Witschi on Tax.