04.05.2016 – 18:39

Leclanché SA

EQS-Adhoc: ERRATUM - Leclanché Shareholders Approve All Board Proposals

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM
ERRATUM - Leclanché Shareholders Approve All Board Proposals

04.05.2016 / 18:28
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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For Immediate Release

ERRATUM - Leclanché Shareholders Approve All Board Proposals

* Increase of authorised and conditional capital to enable Leclanché to raise
funds to support its 2016 growth plans
* One new board member elected

YVERDON-LES-BAINS, Switzerland, 04 May 2016:Leclanché S.A. (SIX Swiss Exchange:
LECN), the fully vertically integrated, battery energy storage system provider,
announced today that its shareholders approved all the proposals of the Board of
Directors at its 2016 Annual General Meeting held this morning in
Yverdon-les-Bains.

Shareholders approved all the resolutions relating to the increase of the
authorized and conditional share capital in connection with the 2016 operating
and growth plans of the company. Shareholders also elected Mr. David Anthony
Ishag as a new board member. The CEO, Mr. Anil Srivastava, provided a
comprehensive overview on 2015's major achievements, the early 2016's landmark
projects and the leading market position Leclanché is taking. He shared his
optimism of securing and delivering more than 100 MWh of energy storage systems
in 2017. Further, he articulated the need for raising capital to support the
growth plan of the Company. Finally, after preparatory discussions with Bruellan
Corporate Governance Action Fund, the Board of Directors recommended that
shareholders approve the Bruellan proposal to remove article 5 of the Articles
of Association, regarding opting-up; this proposal was also accepted.

"We sincerely thank our shareholders for their continuous support to Leclanché
and its management team. We are grateful to the shareholders for approving all
proposed resolutions. I'm confident that the Company will soon raise the
required capital to deliver on its growth plan," commented Jim Atack, Chairman
of Leclanché.

Commenting on today's resolutions, the newly elected Board member, David Anthony
Ishag added: "I am very pleased to join the Board of the Company at this
particular time when the market opportunities are extremely promising. I am
looking forward to support both the Board and the management team in their
mission to deliver sustainable and profitable growth. I am confident the goals
that the management team has set are ambitious but achievable: 2016 will be
another milestone year for the Company."

The Chairman of Leclanché noted his appreciation of Bryan Urban, who has stepped
down from the Board to assume the top-role in managing the North American
subsidiary and thank him for his involvement in the implementation of the growth
plan.

About Leclanché
Leclanché is a fully vertically integrated battery energy storage solution
provider. It delivers a wide range of turnkey energy storage solutions for
homes, small offices, large industries, electricity grids, as well as
hybridization for mass transport systems such as bus fleets and ferries.
Established in 1909, Leclanché has been a reliable partner for battery energy
storage solutions for over 100 years. Founded in the tradition of Georges
Leclanché, the inventor of the dry cell battery, Leclanché today has a rich
portfolio of Battery Energy Storage Systems (BESS) that include bespoke battery
systems from industry leading lithium-ion solutions. Since 2006, the company
moved from a traditional battery producer to become one of the first developers,
manufacturers and provided of lithium-ion cells in Europe. Leclanché's BESS 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, as well as 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 anodes) and industry-leading long service life resulting into
reduced total cost of ownership. With its patented separator technology, which
is a core element of lithium-ion batteries, Leclanché is able to make cells with
very good safety characteristics, under 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 defence and medical applications. Leclanché also distributes
primary and secondary batteries and accessories of other producers.

Leclanché is listed on the Swiss stock exchange. SIX Swiss Exchange: ticker
symbol LECN | ISIN CH 011 030 311 9

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.

# # #

Media contacts:
U.S. and Canada:
Rick Anderson / Henry Feintuch
Tel.: +1 (718) 986-1596 / +1 (212) 808-4901
E-Mail:leclanche@feintuchpr.com

Worldwide, except U.S. and Canada:
Jacques Boppe / Florent Gaillard
Tel.: +41 (0) 24 424 65 00
E-Mail:communication@leclanche.com

End of ad hoc announcement

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04.05.2016 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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