Other Press Releases

Leclanché agenda for the upcoming Extraordinary Shareholders Meeting

Fri Dec 12
  • Extraordinary Shareholders meeting to be held on 5th January 2015 in Yverdon-les-Bains
  • Shareholders will be asked to approve a number of resolutions in connection with the recently announced mid-term financing of the company of CHF 21 million

Yverdon-les-Bains, Switzerland, 12 December, 2014 – Leclanché S.A. (SIX Swiss Exchange : LECN), which specializes in the production of large-format lithium ion cells and energy storage solutions, published today the agenda of its extraordinary general meeting of shareholders, which will take place on 5 th January 2014 in Yverdon-les-Bains at 14h30 at the company’s premises at Avenue des Sports 42. On 8th December 2014, the company announced that had entered into a CHF 21 million credit facility maturing on June 30, 2016 with Recharge ApS in Denmark.
Shareholders registered with voting rights in the share register of the Company as of 30 December 2014 will be authorised to participate and vote at the extraordinary shareholders’ meeting.

At the extraordinary general meeting shareholders will be asked to approve:

  • the creation of conditional capital for convertible loans and bonds in the maximum amount of up to CHF 11,985,900 consisting of up to 7,990,600 registered shares of CHF 1.50 nominal value each
  • the increase of the conditional capital reserved for employee participation purposes up to a maximum amount of CHF 4,500,000, consisting of up to 3,000,000 registered shares at CHF 1.50 nominal value each,
  • the creation of authorized share capital up to a maximum amount of CHF 16,485,900 by issuing a maximum of 10,990,600 fully paid up registered shares with a nominal value of CHF 1.50 each with the ability to exclude preemptive rights in favor of Recharge or other financing providers,
  • the election of Scott Campbell Macaw and Robert Aron Robertsson to the Board of Directors, an ordinary capital increase up to the maximum amount of CHF 4,500,000, consisting of up to 3,000,000 registered shares of CHF 1.50 nominal value each.
  • The proposals under the agenda items (i), (iii) and (iv) are interdependent in the sense that they may only collectively be either approved or rejected.

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, e-Transport 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.

Contacts

 

Media Switzerland /Europe:

Thierry Meyer

T: +41 (0) 79 785 35 81

E-mail: tme@dynamicsgroup.ch

 

Media North America:

Henry Feintuch / Ashley Blas

T: +1-914-548-6924 / +1-509-494-4053

E-mail: leclanche@feintuchpr.com

 

Media Germany:

Christoph Miller

T: +49 (0) 711 947 670

E-mail: leclanche@sympra.de

 

Investor Contacts:

Anil Srivastava / Hubert Angleys

T: +41 (0) 24 424 65 00

E-mail: invest.leclanche@leclanche.com