25.11.2016 – 06:37

Leclanché SA

EQS-Adhoc: Leclanché Announces Changes on its Board of Directors

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché Announces Changes on its Board of Directors

25.11.2016 / 06:30
Release of an ad hoc announcement pursuant to Art. 53 KR.


--------------------------------------------------------------------------------
Leclanché Announces Changes on its Board of Directors

YVERDON LES BAINS, SWITZERLAND, November 25th, 2016:After two and a half years'
service as Recharge A/S representatives on the Leclanche SA Board of Directors,
Scott Macaw and Robert Robertsson are resigning their positions. In December
2014, Recharge funded Leclanché's successful turnaround plan, providing some CHF
22m under convertible loans. These loans were ultimately converted into shares
or transferred to other key company investors. Recharge's current shareholding
in Leclanche is around 7.5%.

During the turnaround period, Leclanche has established a robust production line
in its Willstaett cells factory, and started to attract significant clients, as
well as further strategic investors. A growth plan for the business was endorsed
by shareholders in 2015, and is now well underway, with substantial sales of
complete battery systems around the world.

Recharge's contribution to the financing of the first phase of Leclanché's
growth plan was instrumental to the Company's success, as was its contribution
to the insourcing of a full BMS system, and to the funding of the strategic
investment in the Graciosa project in the Portuguese Azores Islands.

Scott and Robert believe that, with the turnaround plan now complete, and
Leclanché now implementing the next phase of its growth plan, the Company has
the necessary resources of investors, board members and executive team to
succeed.

Scott and Robert anticipate a bright future for Leclanche and look forward to
further opportunities to support the company, other than acting as Board
members.

The Board of Directors would like to take this opportunity to thank Scott Macaw
and Robert Robertsson for their service, contribution and cooperation over the
past two and a half years.

Leclanche undertakes to renew and strengthen its Board, and is reviewing
potential candidates to replace Scott and Robert, to give the best possible
support to its successful growth plan.

* * * * *

About Leclanché
Leclanché is one of the world's leading fully vertically integrated battery
energy storage solution providers. 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.

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.

* * * * *

Contacts

Investor Relations
Hubert Angleys
Leclanché
E-Mail:invest.leclanche@leclanche.com
Tel.: +41 (0) 24 424 65 00

Media Contacts
Global
Florent Gaillard
Leclanché
E-Mail:florent.gaillard@leclanche.com


--------------------------------------------------------------------------------
End of ad hoc announcement------------------------------------------------------

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:   SIX Swiss Exchange


End of News EQS Group News Service
--------------------------------------------------------------------------------
524191  25.11.2016