LEONTEQ AG EQS-Adhoc: Leonteq and Rand Merchant Bank, a division of FirstRand Bank Limited, launch collaboration

Directive transparence : information réglementée

23/04/2020 07:00

EQS Group-Ad-hoc: Leonteq AG / Key word(s): Agreement
Leonteq and Rand Merchant Bank, a division of FirstRand Bank Limited, launch collaboration

23-Apr-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Zurich, 23 April 2020

Leonteq AG (SIX: LEON) announced today that it has launched a collaboration with Rand Merchant Bank, a division of FirstRand Bank Limited, for the manufacturing and distribution of structured investment products.

Leonteq and Rand Merchant Bank, a division of FirstRand Bank Limited, have launched their collaboration for the issuance and distribution of structured investment products. The company will join Leonteq's technology platform for fully white-labelled issuers and leverage Leonteq's expertise to create and distribute structured products. As part of the cooperation, Leonteq will provide a broad range of services along the entire value chain, including the launch of a structured product offering, as well as structuring, product documentation, hedging of derivative components, market-making, lifecycle management and processing. In this context, the intention of the collaboration is for both Leonteq as well as Rand Merchant Bank (and other group affiliates) to distribute structured investment products to their respective clients, the first of which are expected to be issued at the end of 2020.

Lukas Ruflin, Chief Executive Officer of Leonteq, stated: "We are delighted that Rand Merchant Bank has chosen Leonteq to help expand its structured products offering capabilities. This cooperation will give our clients unique exposure to structured investment products issued in this region, and we look forward to providing our new partner with our solutions and expertise."

Hendrik Fourie, Head of Structuring at Rand Merchant Bank, stated: "Our collaboration with Leonteq will enable us to expand our financial services offering, thus enhancing our value proposition for clients. With its automated platform and extensive distribution capabilities in Europe and Asia, Leonteq is our partner of choice."

Rand Merchant Bank is the corporate and investment banking division of FirstRand Bank Limited, which is a wholly owned subsidiary of FirstRand Limited, listed on the Johannesburg Stock Exchange and the Namibian Stock Exchange. FirstRand Limited is one of the largest financial institutions in Africa with a market capitalisation of CHF 10.7 billion as of 22 April 2020. FirstRand Bank Limited reported total assets of CHF 89 billion and a total capital ratio of 17.1% as of 31 December 2019.

For more information, visit Rand Merchant Bank's website www.rmb.co.za


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Leonteq AG is a Swiss company active in the finance and technology sector with a focus on the structured products segment. Based on proprietary modern technology, the company offers derivative investment products and services and predominantly covers the capital protection, yield enhancement and participation product classes. Leonteq acts as both a direct issuer of its own products and as a partner to other financial institutions. Leonteq further enables life insurance companies to produce capital-efficient, unit-linked pension products with guarantees. The company has offices and subsidiaries in 10 countries, through which it serves over 50 markets. Leonteq AG is listed on the SIX Swiss Exchange (SIX: LEON). www.leonteq.com

This press release issued by Leonteq AG (the "Company") serves for information purposes only and does not constitute research. This press release and all materials, documents and information used therein or distributed in the context of this press release do not constitute or form part of and should not be construed as, an offer (public or private) to sell or a solicitation of offers (public or private) to purchase or subscribe for shares or other securities of the Company or any of its affiliates or subsidiaries in any jurisdiction or an inducement to enter into investment activity in any jurisdiction, and may not be used for such purposes. Copies of this press release may not be made available (directly or indirectly) to any person in relation to whom the making available of the press release is restricted or prohibited by law or sent to countries, or distributed in or from countries, to, in or from which this is restricted or prohibited by law.

This press release may contain specific forward-looking statements, e.g. statements including terms like "believe", "assume", "expect", "target" "forecast", "project", "may", "could", "might", "will" or similar expressions. Such forward-looking statements are subject to known and unknown risks, uncertainties and other factors which may result in a substantial divergence between the actual results, financial situation, development or performance of the Company or any of its affiliates or subsidiaries and those explicitly or implicitly presumed in these statements. These factors include, but are not limited to: (1) general market, macroeconomic, governmental and regulatory trends, (2) movements in securities markets, exchange rates and interest rates and (3) other risks and uncertainties inherent in our business. In addition, currently, it is very difficult to provide a meaningful prediction on how the governmental actions in response to the ongoing outbreak of a novel coronavirus disease (COVID-19) and other COVID-19 related factors will affect Leonteq's operations and how long such measures will remain in place. The COVID-19 outbreak has caused, and may continue to cause, uncertainty, economic instability and a significant decrease of total economic output in the affected areas and globally. The impact of the COVID-19 outbreak on the general economic environment in the markets in which Leonteq operates remain uncertain and could be significant. Against the background of these uncertainties, you should not rely on forward-looking statements. Neither the Company nor any of its affiliates or subsidiaries or their respective bodies, executives, employees and advisers assume any responsibility to prepare or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this press release or to adapt them to any change in events, conditions or circumstances, except as required by applicable law or regulation.

End of ad hoc announcement

1027683  23-Apr-2020 CET/CEST