Leonteq Shareholders Back Bigger Dividend After Share Slump
Leonteq AG shareholders backed a proposal by Raiffeisen Switzerland for the ailing fintech to pay out a bigger dividend, pushing it to return more cash after a slump in its share price.
Raiffeisen, which owns about 30% of the company, wanted 3 Swiss francs ($3.39) a share, more than 10 times what Leonteq proposed. At a meeting in Zurich on Thursday, 69% of shareholders voted in favor.
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