• Increase of authorised and conditional capital to enable Leclanché to raise funds to support its 2016 growth plans
• Two new board members elected
• Up-beat targets announced for the year 2016 

Yverdon – les – Bains, Switzerland, 21 January 2016 – Leclanché S.A. (SIX Swiss Exchange: LECN), specializing in the production of large format lithium-ion cells and energy storage solutions, announced today that its shareholders approved all the proposals of the Board of Directors at its 2016 Extraordinary General Meeting held this morning in Yverdon-les-Bains. Shareholders approved all the resolutions, by more than 99%, 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 two new board members as representative of investors, Peter G. Wodtke and Adam Said.

“The management presented to our shareholders major achievements completed in 2015 and shared very promising market outlook. We sincerely thank our shareholders for their continuous support to Leclanché and its management team and for approving all proposed resolutions, which enables further growth investments for the Company. It puts the Company on a solid footing to swiftly implement its growth plans with the objective to deliver sustainable profitable growth,” commented Jim Atack, Chairman of Leclanché.

Commenting today’s resolutions, the newly elected Board members, Peter G. Wodtke and Adam Said, added: “We look forward to actively supporting the Company and its management in their mission to deliver sustainable profitable growth. The company is poised for growth and we look forward to participating in its exciting future”.

The Chairman of Leclanché noted his appreciation of Antoine Spillmann, who has stepped down from the Board, and thanks him for his energetic contribution to the successful re-invention of the Company during this period and looks forward to Bruellan’s continued engagement as a significant shareholder.

The Board will shortly proceed to implement the creation of capital and file the necessary registrations in the commercial register:

Summary of the approved resolutions

Shareholders of Leclanché S.A. approved :
1. Creation of Authorized Share Capital to an amount CHF 16.35 million
2. Creation of Conditional Share Capital to an amount CHF 13.5 million
3. Set-off of Capital Contribution Reserves, General Reserves and Other Reserves with CHF 49.2 million Accumulated Losses
4. Elections to the Board of Directors
4.1 Election of Peter G. Wodtke
4.2 Election of Adam Said

Finally, the Company CEO Anil Srivastava provided a clear market update to the shareholders as well as presenting up-beat targets for the year:
1. Increase backlog to 75 MWh
2. Double the revenue
3. Reduce EBITDA loss by further 50%
4. Secure funding for growth plan and future operations

For further information:  

Tel.: +41 24 424 65 00
communication@leclanche.com

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, e-Transport 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 Leclanché

Media Switzerland /Europe:

Thierry Meyer

T: +41 (0) 79 785 35 81

E-mail: tme@dynamicsgroup.ch

Media North America:

Henry Feintuch / Ashley Blas

T: +1-914-548-6924 / +1-509-494-4053

E-mail: leclanche@feintuchpr.com  

Media Germany:

Christoph Miller

T: +49 (0) 711 947 670

E-mail: leclanche@sympra.de

Investor Contacts:

Anil Srivastava / Hubert Angleys

T: +41 (0) 24 424 65 00

E-mail: invest.leclanche@leclanche.com