Leclanché adds four new, major institutional investors as part of new capital raise. Dienstag, 16. August 2016 - 19:15

Leclanché SA / Key word(s): Capital Increase
Leclanché adds four new, major institutional investors as part of new
capital raise.

16.08.2016 / 18:15
Release of an ad hoc announcement pursuant to Art. 53 KR.


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For release at 6pm this day

Leclanché adds four new, major institutional investors as part of new
capital raise.

  - 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."

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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.

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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Contacts

Hubert Angleys / Florent Gaillard

Tel.: +41 (0) 24 424 65 00
E-Mail: invest.leclanche@leclanche.com