•  Increase of authorised and conditional capital to enable Leclanché to raise funds to support its 2016 growth plans
• One new board member elected

YVERDON-LES-BAINS, Switzerland, 04 May 2016: Leclanché S.A. (SIX Swiss Exchange: LECN), the fully vertically integrated, battery energy storage system provider, announced today that its shareholders approved all the proposals of the Board of Directors at its 2016 Annual General Meeting held this morning in Yverdon-les-Bains.

Shareholders approved all the resolutions 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 Mr. David Anthony Ishag as a new board member. The CEO, Mr. Anil Srivastava, provided a comprehensive overview on 2015’s major achievements, the early 2016’s landmark projects and the leading market position Leclanché is taking. He shared his optimism of securing and delivering more than 100 MWh of energy storage systems in 2017. Further, he articulated the need for raising capital to support the growth plan of the Company. Finally, after preparatory discussions with Bruellan Corporate Governance Action Fund, the Board of Directors recommended that shareholders approve the Bruellan proposal to remove article 5 of the Articles of Association, regarding opting-up; this proposal was also accepted.

“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. I’m confident that the Company will soon raise the required capital to deliver on its growth plan,” commented Jim Atack, Chairman of Leclanché.

Commenting on today’s resolutions, the newly elected Board member, David Anthony Ishag added: “I am very pleased to join the Board of the Company at this particular time when the market opportunities are extremely promising. I am looking forward to support both the Board and the management team in their mission to deliver sustainable and profitable growth. I am confident the goals that the management team has set are ambitious but achievable: 2016 will be another milestone year for the Company.”

The Chairman of Leclanché noted his appreciation of Bryan Urban, who has stepped down from the Board to assume the top-role in managing the North American subsidiary and thank him for his involvement in the implementation of the growth plan.

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