• Leclanché SA successfully completed the first tranche of the capital raise including CHF 11.1 million of new equity issuance and a conversion of CHF4.1 million of the convertible loan by ACE & Cie and Jade Crest Limited
• Existing shareholders Bright Cap SICAV SA and Recharge A/S make further investment in the Company as part of the first tranche of the capital raise.
• Funding provides Leclanché with capital resources to support current growth plan

YVERDON LES BAINS, Switzerland, 16th August 2016: Leclanché SA announced today the successful completion of the first round of its CHF 11.1 million capital raise thanks to the entry of four new, well known institutional investors joining the shareholder base of the Company and further investment of two current shareholders.

Bright Cap SICAV SA and Recharge A/S increased their position as Leclanché capital participants with Bright Cap SICAV now owning 10.2%, confirming their trust in the Company and strong support to the growth plan.

Another positive development for Leclanché was the action taken by ACE & Cie and Jade Crest Limited, two key shareholders and largest lenders of Leclanché, who will convert CHF 4.1 million of the convertible loan under Facility C into shares of Leclanché.

Anil Srivastava, CEO of Leclanché SA, said: “Following the off-market share purchase by three Luxembourg based funds announced earlier in August, this new capital raise confirms the growing interest of prestigious institutional investors in the Company, its strategy and its growth. This capital raise, though delayed by several weeks due to Brexit related market volatility, provides Leclanché with capital resources to continue to convert its significant orders into revenue and maintain its overall mid-term growth plan. We are now focused on completing our growth capital funding to support the business plan, as previously announced during the AGM held on the 4th of May 2016.”

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