07.06.2018 – 07:06

Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché shareholders approve all Board proposals at Annual General Meeting

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM/AGM/EGM
Leclanché SA: Leclanché shareholders approve all Board proposals at Annual
General Meeting

07-Jun-2018 / 07:01 CET/CEST
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 shareholders approve all Board proposals at Annual General Meeting

- Approval of share capital increase

- One new board member elected


YVERDON LES BAINS, Switzerland, 7 June 2018:Leclanché SA (SIX: LECN), one of the
world's leading energy storage solution companies, today announces that its
shareholders approved all the proposals of the Board of Directors at its 2018
Annual General Meeting held this morning in Yverdon-les-Bains.

In connection with the operating and growth plans of the Company, shareholders
approved the increase of the authorized share capital to an amount of CHF
60'511'905.00 (40'341'270 shares) and of the conditional share capital to an
amount of CHF 56'011'905.00 (for 37'341'270 shares).
Shareholders also elected Mr. Toi Wai David Suen[1]as a new board member. The
CEO, Mr. Anil Srivastava, provided a comprehensive overview on 2017 achievements
and stressed that the new funding facilities announced on 5 June 2018, will
enable the Company to deliver a milestone of 100 MWh of energy storage systems
in operation this current year. The Company is expected to be EBITDA positive by
2020.

"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", said Jim Atack, Chairman of Leclanché.

The Chairman of Leclanché noted his appreciation of Ms. Cathy Wang, Mr. Adam
Said and Mr. Pierre-Alain Graf, whose term of office came to an end and did not
seek re-election.
Mr. Adam Said commented:"It has been a privilege to work with my fellow board
members and with Leclanché's management, as the 100-year-old company
transitioned into a leading energy storage solution provider. I am confident
that with the substantial investment recently announced and a built-up order
book of over 50 MWh, Leclanché can meet its goal of becoming a world leader in
the energy storage and mobility markets. I look forward to helping Leclanché in
my capacity as a shareholder as it continues on its growth trajectory."
Mr Pierre-Alain Graf said:"Serving the board of Leclanché has been fascinating
and very interesting. I am convinced that the recently announced financing will
support the Company to achieve its growth targets. I look very much forward to
seeing the Company become an important battery player in this emerging global
market."

* * * * *

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.

* * * * *

Media contacts:

Europe/global:
Desiree Maghoo
T: +44 (0) 7775522740
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
Tel.: +41 (0) 24 424 65 00
E-Mail:invest.leclanche@leclanche.com

* * * * *
[1]Mr. Toi Wai David Suen, is a Hong Kong citizen born in 1962. Mr. Suen is
meant to join Leclanché's Board of Directors as an independent director. With 25
years in the banking industry, Mr. Suen's expertise covers fields as diverse as
Management, Equity Capital Markets, CRM, IPO and Secondary Stock Markets,
Syndication and Organization, and Roadshow Presentation. Mr. Suen also worked in
the public sector as Financial Analyst. He previously operated as IT Senior
System Analyst, drove MRP implementation and several other key software
implementations. Mr. Suen started his career in accounting and finance, and had
an experience as Purchasing Manager. He holds a Bachelor degree in Computer
Sciences (B. Sc.) of the University of Alberta in Edmonton, and a Master of
Business Administration (MBA) of the Florida International University, in Miami.

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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

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693219  07-Jun-2018 CET/CEST