Leclanché SA: Leclanché announces a CHF 16.5 million share capital increase Mittwoch, 06. Juni 2018 - 07:02

Leclanché SA / Key word(s): Funds/Investment
Leclanché SA: Leclanché announces a CHF 16.5 million share capital increase

06-Jun-2018 / 07:00 CET/CEST
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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Leclanché announces a CHF 16.5 million share capital increase

YVERDON-LES-BAINS, Switzerland, 6th June 2018. Leclanché SA (SIX: LECN), one
of the world's leading energy storage solution companies, announces that on
the 5th of June 2018, FEFAM1, the Company's largest shareholder, converted a
CHF 16.5 million loan made to Leclanché in the form of Mandatory Convertible
Notes (MCNs) in December 2017 into share capital.

Please note that this is separate to the new funding of CHF 75 million
announced on 5th June 2018.

Hubert Angleys, CFO of Leclanché said: "We want to thank FEFAM for their
continued commitment to Leclanché and support for the management and the
Company's growth plan and objective to be EBITDA positive by 2020. This
conversion into equity capital is a further sign of confidence that
Leclanché's opportunity is now, following yesterday's announcement of CHF 75
million of funding."

1 FEFAM means: AM INVESTMENT SCA, SICAV-SIF - Liquid Assets Sub-Fund,
together with FINEXIS EQUITY FUND - Renewable Energy Sub-Fund, FINEXIS
EQUITY FUND - Multi Asset Strategy Sub-Fund, FINEXIS EQUITY FUND - E Money
Strategies Sub-Fund (also called Energy Storage Invest) and, all these funds
being in aggregate the main shareholder of Leclanché, hereunder referred to
as "FEFAM".

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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, etransport 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.

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Contacts

Europe/Global:
Désirée Maghoo
T: +44 (0) 7775 522740
E-mail: dmaghoo@questorconsulting.com

Laure Lagrange
T: +44 (0) 7768 698 731
E-mail: llagrange@questorconsulting.com

Switzerland:
Thierry Meyer
T: +41 (0)79 785 35 81
E-mail: tme@dynamicsgroup.ch

Thomas Balmer
T: +41 (0) 79 703 87 28
E-mail: tba@dynamicsgroup.ch

US and Canada:
Rick Anderson
T: +1 (718) 986-1596

Henry Feintuch
T: +1 (212) 808-4901
E-mail: leclanche@feintuchpr.com

Investor Contacts
Anil Srivastava / Hubert Angleys
T: +41 (0) 24 424 65 00
E-Mail: invest.leclanche@leclanche.com

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End of ad hoc announcement

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