06.06.2018 – 07:05

Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché announces a CHF 16.5 million share capital increase

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Funds/Investment
Leclanché SA:  Leclanché announces a CHF 16.5 million share capital increase

06-Jun-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

--------------------------------------------------------------------------------
Leclanché announces a CHF 16.5 million share capital increase

YVERDON-LES-BAINS, Switzerland, 6thJune 2018. Leclanché SA (SIX: LECN), one of
the world's leading energy storage solution companies, announces that on the
5thof June 2018, FEFAM1, the Company's largest shareholder, converted a CHF 16.5
million loan made to Leclanché in the form of Mandatory Convertible Notes (MCNs)
in December 2017 into share capital.

Please note that this is separate to the new funding of CHF 75 million announced
on 5thJune 2018.

Hubert Angleys, CFO of Leclanché said:"We want to thank FEFAM for their
continued commitment to Leclanché and support for the management and the
Company's growth plan and objective to be EBITDA positive by 2020. This
conversion into equity capital is a further sign of confidence that Leclanché's
opportunity is now, following yesterday's announcement of CHF 75 million of
funding."

1FEFAM means: AM INVESTMENT SCA, SICAV-SIF - Liquid Assets Sub-Fund, together
with FINEXIS EQUITY FUND - Renewable Energy Sub-Fund, FINEXIS EQUITY FUND -
Multi Asset Strategy Sub-Fund, FINEXIS EQUITY FUND - E Money Strategies Sub-Fund
(also called Energy Storage Invest) and, all these funds being in aggregate the
main shareholder of Leclanché, hereunder referred to as "FEFAM".

* * * * *

About Leclanché

Headquartered in Switzerland, Leclanché SA is a leading provider of high quality
energy storage solutions designed to accelerate our progress towards a clean
energy future.

Leclanché's history and heritage is rooted in over 100 years of battery and
energy storage innovation and the Company is a trusted provider of energy
storage solutions globally. This coupled with the Company's culture of German
engineering and Swiss precision and quality, continues to make Leclanché the
partner of choice for both disruptors, established companies and governments who
are pioneering positive changes in how energy is produced, distributed and
consumed around the world.

The energy transition is being driven primarily by changes in the management of
our electricity networks and the electrification of transport, and these two end
markets form the backbone of our strategy and business model. Leclanché is at
the heart of the convergence of the electrification of transport and the changes
in the distribution network. Leclanché is the only listed pure play energy
storage company in the world, organised along three business units: stationary
storage solutions, etransport solutions and specialty batteries systems.
Leclanché is listed on the Swiss Stock Exchange (SIX:LECN).

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

Europe/Global:
Désirée Maghoo
T: +44 (0) 7775 522740
E-mail:dmaghoo@questorconsulting.com

Laure Lagrange
T: +44 (0) 7768 698 731
E-mail:llagrange@questorconsulting.com

Switzerland:
Thierry Meyer
T: +41 (0)79 785 35 81
E-mail:tme@dynamicsgroup.ch

Thomas Balmer
T: +41 (0) 79 703 87 28
E-mail:tba@dynamicsgroup.ch

US and Canada:
Rick Anderson
T: +1 (718) 986-1596

Henry Feintuch
T: +1 (212) 808-4901
E-mail:leclanche@feintuchpr.com

Investor Contacts
Anil Srivastava / Hubert Angleys
T: +41 (0) 24 424 65 00
E-Mail:invest.leclanche@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 Announcement EQS Group News Service

--------------------------------------------------------------------------------

692751  06-Jun-2018 CET/CEST