06.10.2015 – 19:12

Leclanché SA

EQS-Adhoc: Leclanché Shareholders Approve All Board Proposals at Extraordinary General Meeting
Breakeven confirmed

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM
Leclanché Shareholders Approve All Board Proposals at Extraordinary General
Meeting / Breakeven confirmed

06.10.2015 / 19:05
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Leclanché

Press Release

Leclanché Shareholders Approve All Board Proposals at Extraordinary General
Meeting

-Ordinary capital increase of 4'000'000 shares to fund growth investment

-Company's Growth Plan is on track

-Adjusted EBITDA* breakeven towards end of the year reconfirmed

Yverdon-les-Bains, Switzerland, 06 October 2015 -Leclanché S.A. (SIX Swiss
Exchange: LECN), specializing in the production of large-format lithium-ion
cells and energy storage solutions, announced today that its shareholders
approved at more than 99 % all the proposals of the Board of directors at its
Extraordinary General Meeting held today in Yverdon-les-Bains, notably Discharge
of the Board of Directors, Ordinary Capital Increase, Compensation of the
Members of the Executive Committee and Modification of Article23quater of
Articles of Association.

"We sincerely thank our shareholders for approving all the proposed resolutions,
as this means that the Company Board and Executive Committee can concentrate on
raising further funding and accelerating the growth of the Company beyond
sustainable profitability," commented Jim Attack, Chairman of Leclanché.

Anil Srivastava, CEO of the Company, used the opportunity to reinforce the
communication delivered during the Interim Results announcement on 3rd Sep,
2015. He emphasized that "the request for an Ordinary capital increase is to
invest in development of large projects, acquisitions through share deals and
expansion in international markets, in particular in the US.".

Most importantly the CEO underlined that the Interim results do not yet reflect
the positive impact of the series of major customer wins, acquisitions and
partnership agreements since the start of 2015. These signed contracts have led
to strong production ramp-up during this period.

Leclanché's far-reaching industrial and commercial transformation is clearly
underway and Anil Srivastava confirmed once again that the Company will reach an
adjusted EBITDA* breakeven towards the end of the year.

Thanks to strong support from Recharge A/S, in a convincing demonstration of
trust, a substantial debt reduction has been achieved thanks to the conversion
of CHF 22 million into Leclanché shares.

* As previously recorded, 'Adjusted EBITDA breakeven' is defined as breakeven at
the EBITDA level, after adjustment to exclude of any non-cash items and as
further adjusted to exclude the negative effects of any growth initiatives and
activities which are separately funded under Facility B or otherwise.

For any additional information:

Claude-Olivier Rochat, Voxia communication. Tel.: (+41) 079 203 52 19
-co.rochat@voxia.ch
Rohan Sant, Voxia communication. Tel.: (+41) 079 120 00 28 -rohan.sant@voxia.ch

About Leclanché
Leclanché, which is listed on the Swiss stock exchange (SIX:LECN), has a wide
range of storage products for homes, small offices, large industries,
electricity grids, hybridization for mass transport systems like fleet of buses,
trams etc. Established in 1909 Leclanché has been a reliable partner for battery
storage technologies. Founded in the tradition of Georges Leclanché, the
inventor of the dry cell battery, Leclanché today has a rich portfolio of Energy
Storage Systems that include Specialized Customer-specific Battery Systems to
industry leading lithium-ion solutions.
Through the integration of a spin-off of the German Fraunhofer Institute in 2006
the company evolved from a traditional battery producer into one of the first
developers and manufacturers of lithium-ion cells in Europe. Leclanché's Storage
Solutions are optimized for various applications, in particular for the
integration of renewable energy, diesel fuel reduction, electricity
grid-connected ancillary services, peak power shaving for heavy industries but
also for heavy duty transportation in buses, trams, trains or maritime vessels.
Leclanché products are characterized by a very high cycle stability (both for
cells with titanate and graphite anode) and long service life. Thanks to our
patented separator technology, which is a core element of lithium ion batteries,
Leclanché is able to make cells with very good safety characteristics in a
highly automated production process.
Leclanché operates a fully automated plant for the production of large format
lithium-ion cells at an annual maximum capacity of up to one million cells and
is capable of running multiple chemistries through production for different cell
characteristics. In addition, Leclanché offers a number of specialized battery
systems through its Portable Business Unit, such as customer-specific energy
storage systems for defense and medical applications. Leclanché also distributes
primary and secondary batteries and accessories of other producers.

 

End of ad hoc announcement

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06.10.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:
http://switzerland.eqs.com/de/News

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


End of News EQS Group News Service

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400411  06.10.2015