Leclanché SA: Shareholders Approve All Board Proposals Mittwoch, 04. Mai 2016 - 16:25

Leclanché SA / Key word(s): AGM/EGM
Leclanché SA: Shareholders Approve All Board Proposals

04.05.2016 / 15:24
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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For Immediate Release

Leclanché Shareholders Approve All Board Proposals

* 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.

"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
Leclanché is a fully vertically integrated battery energy storage solution
provider. It delivers a wide range of turnkey energy storage solutions for
homes, small offices, large industries, electricity grids, as well as
hybridization for mass transport systems such as bus fleets and ferries.
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 moved from a traditional battery producer to become 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 resulting into reduced total cost of
ownership. With its 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.

Leclanché is listed on the Swiss stock exchange. 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.

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Media contacts:
U.S. and Canada:
Rick Anderson / Henry Feintuch 
Tel.: +1 (718) 986-1596 / +1 (212) 808-4901
E-Mail: leclanche@feintuchpr.com  

Worldwide, except U.S. and Canada:
Jacques Boppe / Florent Gaillard
Tel.: +41 (0) 24 424 65 00
E-Mail: communication@leclanche.com