14.04.2014 – 20:23

Leclanché SA

DGAP-News: Leclanché SA implements resolutions of the 2014 Annual Shareholders' Meeting

EQS Group-News: Leclanché SA / Key word(s): AGM/EGM
Leclanché SA implements resolutions of the 2014 Annual Shareholders'
Meeting

14.04.2014 / 20:20

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Leclanché SA implements resolutions of the 2014 Annual Shareholders'
Meeting

  - CHF 10.7 million Precept convertible loan will be converted into
    ordinary shares

  - The new shares will be listed on SIX Swiss Exchange as of April 15,
    2014

Yverdon-les-Bains, Switzerland, April 14, 2014 - Leclanché S.A. (SIX Swiss
Exchange: LECN), specialized in the production of large-format lithium-ion
cells and energy storage solutions, announced today that the share capital
reduction through the reduction of the nominal value of all outstanding
registered shares from CHF 2.11 to CHF 1.50 and the concurrent re-increase
of the share capital by way of an ordinary capital increase as resolved by
the Annual Shareholders' Meeting of April 3, 2014 has been executed and
duly registered with the Commercial Register of the Canton of Vaud.

Pursuant to the ordinary capital increase, 7,135,855 new shares were issued
to Precept Fund Management SPC on behalf of Precept Fund Segregated
Portfolio ("Precept") representing the conversion into equity in the
equivalent amount of CHF 10,703,783 due under the loan granted by Precept
dated July 8, 2013. The new shares are expected to commence trading on SIX
Swiss Exchange on April 15, 2014.  The security number, ISIN and the ticker
symbol remain unchanged.

Leclanché S.A.'s new registered share capital amounts to CHF 30,765,622 and
is divided into 20,510,622 fully paid-in registered shares with a nominal
value of CHF 1.50 each.

About Leclanché

Leclanché's strategy is to become one of the leading lithium-ion cell
producers and solution providers for energy storage systems in Europe. Its
strategic priorities are to develop and market energy storage  products for
home, industrial markets and grid applications and to grow its existing
businesses of developing portable energy storage systems for military,
medical and industrial applications. It also includes providing a range of
professional energy storage systems to a diversified customer base. Through
participation in research consortia focusing on hybrid and E-mobility
applications, Leclanché is positioned to take advantage of new market
opportunities.

Through a unique, patented ceramic separator technology and focus on
lithium-titanate technology, Leclanché manufactures large-format
lithium-ion cells, optimized for safety and cycle-life, in a fully
automated production process. The newly installed production line will have
an annual capacity of one million cells or 76 MWh.

Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration
of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved
from a traditional battery manufacturer to become a leading developer and
manufacturer of lithium-ion cells in Europe. Leclanché currently employs
more than 100 staff and is listed on the SIX Swiss Exchange (LECN). The
company has its headquarters in Yverdon-les-Bains (Switzerland) and
production facilities in Willstätt (Germany).

www.leclanche.eu

Media contact:

Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87, 
cla@dynamicsgroup.ch

Disclaimer

This press release contains certain forward-looking statements relating to
Leclanché's business, which can be identified by terminology such as
"strategic", "proposes", "to introduce", "will", "planned", "expected",
"commitment", "expects", "set", "preparing", "plans", "estimates", "aims",
"would", "potential", "awaiting", "estimated", "proposal", or similar
expressions, or by expressed or implied discussions regarding the ramp up
of Leclanché's production capacity, potential applications for existing
products, or regarding potential future revenues from any such products, or
potential future sales or earnings of Leclanché or any of its business
units. You should not place undue reliance on these statements. Such
forward-looking statements reflect the current views of Leclanché regarding
future events, and involve known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different from any
future results, performance or achievements expressed or implied by such
statements. There can be no guarantee that Leclanché's products will
achieve any particular revenue levels. Nor can there be any guarantee that
Leclanché, or any of the business units, will achieve any particular
financial results.


End of Corporate News

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The issuer is responsible for the contents of the release.

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Language:    English
Company:     Leclanché SA
             Av. des Sports 42
             1400 Yverdon-les-Bains
             Switzerland
Phone:       +41 (24) 424 65-00
Fax:         +41 (24) 424 65-20
E-mail:       investors@leclanche.com
Internet: www.leclanche.com
ISIN:        CH0110303119, CH0016271550
Valor:       A1CUUB, 812950
Listed:      Foreign Exchange(s) SIX


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