Leclanché SA

EQS-Adhoc: Leclanché SA: Extraordinary General Meeting of shareholders

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM
Leclanché SA: Extraordinary General Meeting of shareholders

28.12.2015 / 07:17
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Leclanché SA: Extraordinary General Meeting of shareholders

-Proposal to increase the authorized and conditional share capital

-Proposal to elect two new board members

Yverdon-les-Bains, Switzerland, 28 December 2015- Leclanché SA (SIX Swiss
Exchange: LECN), specialized in the production of large format lithium-ion
battery cells and commercialisation of innovative energy storage solutions,
invites its shareholders to take part in the Extraordinary General Meeting of
shareholders which will take place on 21 January 2016 at 11:00 a.m. (doors open
at 10:30 a.m.), at Avenue des Sports 42, 1400 Yverdon-les-Bains.

The year 2015 was a transformative year for Leclanché. The company has
simultaneously ramped-up both its commercial and industrial operations. Our
factory delivered record level production since our lithium-ion business
started. In parallel, Leclanché secured landmark projects in both its Mobility
and Stationary market segments.

- The 3.2 MWh project in the Azores island of Graciosa is nearing completion and
will be a landmark project in the full integration of renewable energies at the
megawatt utility scale.

- Leclanché was selected under a competitive process to provide a 4.2 MWh
battery storage solution to the world's largest full electric ferry, backed by
the EU. This win has positioned Leclanché as a reference partner for mass
transportation full-electric drive train.

The traditional Speciality Battery business has been reoriented as a pillar of
growth, including winning projects in strategic markets such as off-grid
lighting. The scaling-up of Leclanché commercial presence is a proof of the
quality of the tested lithium-ion technologies the Company has been developing
and industrialising since 2006.

Following the successful round of fundraising of CHF 6.9 million completed on 16
December, Leclanché is pleased to invite its shareholders on 21 January 2016 to
an Extraordinary General Meeting (EGM) to present the commercial results
achieved in 2015 and propose to the shareholders the election of two new board
members which will reflect the strong support new investors are giving to the
Company as well as reinforce the company Board of Directors with a global
outlook and deep industry expertise on multiple continents.

In addition, as previously announced on December 16th, we will propose to set
off the losses that have been accrued over the years with capital contribution
reserves in order to address the balance sheet test as per Art 725 Sec. 1 CO.
This development is a result of the conversions of the convertible loan granted
to the Company by Recharge A/S and the operational loss incurred by the company.

Finally, the Company will propose to increase its authorised and conditional
capital to enable further growth investments into the Company. The Company is
looking forward to the continued support of its shareholders during the EGM when
it seeks their support to issue enough number of shares to be able to respond to
capital needs to support its growth.

Anil Srivastava, CEO of Leclanché: "I want to thank all our shareholders for the
tremendous support provided to the Company. After the Turnaround Plan, your
company is executing a solid Operating Plan leading to a sustainable profitable
growth. During the course of 2015, your company has successfully started to
commercially ramp-up our mass production line and to successfully market and
sell our range of industrial storage solutions. I will take the opportunity
during the EGM to update you on our four pillars of growth and the progress your
company has made during 2015. I look forward to hosting our shareholders in
Yverdon-les-Bains. I wish you all a very happy new year and we look forward to
continuing sharing our successes in 2016 and beyond."

The Agenda is the following:
1. Creation of Authorized Share Capital
2. Creation of Conditional Share Capital
3. Set-off of Capital Contribution Reserves, General Reserves and Other Reserves
with Accumulated Losses
4. Elections to the Board of Directors
4.1 Election of Peter G. Wodtke
4.2 Election of Adam Said
For more information, please refer to the formal invitation which can be
downloaded from the Investor Relations section on the new company's

For further information:
Jacques Boppe / Maya Aprahamian
Tel.: +41 24 424 65 00 -communication@leclanche.com

Media contacts:
Voxia communication
Rohan Sant, tel.: +41 79 120 00 28 -rohan.sant@voxia.ch

About Leclanché
Leclanché, which is listed on the Swiss stock exchange (SIX:LECN), has a wide
range of storage products for homes, small offices, large industries,
electricity grids, hybridization for mass transport systems like fleet of buses,
trams etc. Established in 1909 Leclanché has been a reliable partner for battery
storage technologies. Founded in the tradition of Georges Leclanché, the
inventor of the dry cell battery, Leclanché today has a rich portfolio of Energy
Storage Systems that include Specialized Customer-specific Battery Systems to
industry leading lithium-ion solutions. Through the integration of a spin-off of
the German Fraunhofer Institute in 2006 the company evolved from a traditional
battery producer into one of the first developers and manufacturers of
lithium-ion cells in Europe. Leclanché's Storage Solutions are optimized for
various applications, in particular for the integration of renewable energy,
diesel fuel reduction, electricity grid-connected ancillary services, peak power
shaving for heavy industries but also for heavy duty transportation in buses,
trams, trains or maritime vessels. Leclanché products are characterized by a
very high cycle stability (both for cells with titanate and graphite anode) and
long service life. Thanks to our patented separator technology, which is a core
element of lithium ion batteries, Leclanché is able to make cells with very good
safety characteristics in a highly automated production process. Leclanché
operates a fully automated plant for the production of large format lithium-ion
cells at an annual maximum capacity of up to one million cells and is capable of
running multiple chemistries through production for different cell
characteristics. In addition, Leclanché offers a number of specialized battery
systems through its Portable Business Unit, such as customer-specific energy
storage systems for defense and medical applications. Leclanché also distributes
primary and secondary batteries and accessories of other producers.
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9

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.

End of ad hoc announcement

28.12.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news archive:

The issuer is responsible for the contents of the release.

Language: English

Company:  Leclanché SA

          Av. des Sports 42

          1400  Yverdon-les-Bains


Phone:    +41 (24) 424 65-00

Fax:      +41 (24) 424 65-20


Internet: www.leclanche.com

ISIN:     CH0110303119, CH0016271550

Valor:    A1CUUB, 812950

Listed:   Foreign Exchange(s) SIX

End of News EQS Group News Service
426249  28.12.2015 

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