EQS-Adhoc: Leclanché SA: Leclanché shareholders approve all Board proposals at Annual General Meeting

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM/AGM/EGM 
Leclanché SA: Leclanché shareholders approve all Board proposals at Annual 
General Meeting 
 
07-Jun-2018 / 07:01 CET/CEST 
Release of an ad hoc announcement pursuant to Art. 53 KR 
The issuer is solely responsible for the content of this announcement. 
 
*Leclanché shareholders approve all Board proposals at Annual General 
Meeting* 
 
*- Approval of share capital increase * 
 
*- One new board member elected* 
 
*YVERDON LES BAINS, Switzerland, 7 June 2018:* Leclanché SA (SIX: LECN), one 
of the world's leading energy storage solution companies, today announces 
that its shareholders approved all the proposals of the Board of Directors 
at its 2018 Annual General Meeting held this morning in Yverdon-les-Bains. 
 
In connection with the operating and growth plans of the Company, 
shareholders approved the increase of the authorized share capital to an 
amount of CHF 60'511'905.00 (40'341'270 shares) and of the conditional share 
capital to an amount of CHF 56'011'905.00 (for 37'341'270 shares). 
Shareholders also elected Mr. Toi Wai David Suen[1] as a new board member. 
The CEO, Mr. Anil Srivastava, provided a comprehensive overview on 2017 
achievements and stressed that the new funding facilities announced on 5 
June 2018, will enable the Company to deliver a milestone of 100 MWh of 
energy storage systems in operation this current year. The Company is 
expected to be EBITDA positive by 2020. 
 
_"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"_, said Jim Atack, Chairman of Leclanché. 
 
The Chairman of Leclanché noted his appreciation of Ms. Cathy Wang, Mr. Adam 
Said and Mr. Pierre-Alain Graf, whose term of office came to an end and did 
not seek re-election. 
Mr. Adam Said commented: "It has been a privilege to work with my fellow 
board members and with Leclanché's management, as the 100-year-old company 
transitioned into a leading energy storage solution provider. I am confident 
that with the substantial investment recently announced and a built-up order 
book of over 50 MWh, Leclanché can meet its goal of becoming a world leader 
in the energy storage and mobility markets. I look forward to helping 
Leclanché in my capacity as a shareholder as it continues on its growth 
trajectory." 
Mr Pierre-Alain Graf said: _"Serving the board of Leclanché has been 
fascinating and very interesting. I am convinced that the recently announced 
financing will support the Company to achieve its growth targets. I look 
very much forward to seeing the Company become an important battery player 
in this emerging global market."_ 
 
* * * * * 
 
*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. 
 
** * * * ** 
 
*Media contacts: * 
 
*Europe/global:* 
Desiree Maghoo 
T: [phone] 
E-mail: [e-mail] 
 
Laure Lagrange 
T: [phone] 
E-mail: [e-mail] 
 
*Switzerland:* 
Thierry Meyer 
T: [phone] 
E-mail: [e-mail] 
 
Thomas Balmer 
T: [phone] 
E-mail: [e-mail] 
 
*US and Canada: * 
Rick Anderson 
T: [phone] 
 
Henry Feintuch 
T: [phone] 
E-mail: [e-mail] 
 
*Investor Contacts* 
Anil Srivastava / Hubert Angleys 
Tel.: [phone] 
E-Mail: [e-mail] 
 
** * * * ** 
[1] Mr. Toi Wai David Suen, is a Hong Kong citizen born in 1962. Mr. Suen is 
meant to join Leclanché's Board of Directors as an independent director. 
With 25 years in the banking industry, Mr. Suen's expertise covers fields as 
diverse as Management, Equity Capital Markets, CRM, IPO and Secondary Stock 
Markets, Syndication and Organization, and Roadshow Presentation. Mr. Suen 
also worked in the public sector as Financial Analyst. He previously 
operated as IT Senior System Analyst, drove MRP implementation and several 
other key software implementations. Mr. Suen started his career in 
accounting and finance, and had an experience as Purchasing Manager. He 
holds a Bachelor degree in Computer Sciences (B. Sc.) of the University of 
Alberta in Edmonton, and a Master of Business Administration (MBA) of the 
Florida International University, in Miami. 
 
End of ad hoc announcement 
Language: English 
Company:  Leclanché SA 
          Av. des Sports 42 
          1400 Yverdon-les-Bains 
          Switzerland 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.leclanche.com 
ISIN:     CH0110303119, CH0016271550 
Valor:    A1CUUB, 812950 
Listed:   SIX Swiss Exchange 
 
End of Announcement EQS Group News Service 
 
693219 07-Jun-2018 CET/CEST 
 
 

(END) Dow Jones Newswires

June 07, 2018 01:00 ET (05:00 GMT)