Leclanché SA

EQS-Adhoc: Leclanché SA: Leclanché SA: Leclanché Shareholders Approve All Board Proposals. CEO provided business update and sets up-beat objectives for the year 2016.

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM/Miscellaneous
Leclanché SA: Leclanché SA: Leclanché Shareholders Approve All Board Proposals.
CEO provided business update and sets up-beat objectives for the year 2016.

21.01.2016 / 18:08
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

Leclanché SA: Leclanché Shareholders Approve All Board Proposals. CEO provided
business update and sets up-beat objectives for the year 2016.

-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:
Jacques Boppe / Maya Aprahamian
Tel.: +41 24 424 65 00

About Leclanché
Leclanché SA, listed on the Swiss stock exchange (SIX:LECN), has a wide range of
energy storage solutions for homes, small offices, large industries, electricity
grids, as well as hybridization for mass transport systems such as fleet of
buses, trams, ferries, etc. Established in 1909, Leclanché has been a reliable
partner for battery energy storage solutions for over 100 years. Founded in the
tradition of Georges Leclanché, the inventor of the dry cell battery, Leclanché
today has a rich portfolio of Battery Energy Storage Systems (BESS) that include
bespoke battery systems from industry leading lithium-ion solutions. Since 2006,
the company evolved from a traditional battery producer into one of the first
developers, manufacturers and provided of lithium-ion cells in Europe.
Leclanché's BESS 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, as
well as 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 anodes) and industry-leading 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, under 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 defence 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

Additional features:

Document title: PR_LEC_EGM210116_ENG

21.01.2016 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
431397  21.01.2016 

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