03.04.2014 – 13:44

Leclanché SA

DGAP-News: Leclanché SA: Shareholders Approve All Board Proposals at the Annual General Meeting

EQS Group-News: Leclanché SA / Key word(s): AGM/EGM
Leclanché SA: Shareholders Approve All Board Proposals at the Annual
General Meeting

03.04.2014 / 13:41

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Press Release

Leclanché Shareholders Approve All Board Proposals at the Annual General
Meeting

Yverdon-les-Bains, Switzerland, April 3, 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 shareholders
approved all the resolutions proposed by the Board of Directors at its 2014
annual  general meeting held today in Yverdon-les-Bains, including the
annual report and statutory financial statements and the proposed capital
reduction/increase (see below). The capital increase approved is pursuant
to the election by Precept to convert part of its loan into ordinary shares
of the company and does not result in any new cash. Mr Jim Atack was
confirmed by shareholders as Chairman of the Leclanché Board of Directors
as well as all other members who have stood for annual re-election.

Shareholders of Leclanché S.A. approved in particular:
  - a reduction of the share capital of the company of CHF 8,158,607.87 by
    way of par value reduction from currently CHF 2.11 to CHF 1.50 per
    share

  - an ordinary capital increase of CHF 10,703,782.50 through the issuance
    of 7,135,855 new registered shares with a nominal value of CHF 1.50
    for the conversion of the Precept loan;

  - the re-elections to the Board of Directors of Messrs Jim Atack, Stefan
    A. Müller, Antoine Spillmann and Bryan Urban

  - the election of Mr Jim Atack as Chairman of the Board and the elections
    to the Remuneration Committee of Messrs Jim Atack, Stefan A. Müller and
    Bryan Urban, as well as the election of the Independent Proxy.

  - the consequential amendments to the Articles of Association.

The Board will proceed shortly to implement the capital Increase and file
the necessary registrations in the commercial register. The issuance of
7,135,855 new shares, will bring the number of shares in issue to
20,510,622.  Following the acceptance of the proposed capital increase and
the conversion of the Precept loan into shares, Precept will hold
10,278,240 shares representing 50.1% of the issued share capital of
Leclanché SA.

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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