EQS-Adhoc

Leclanché Shareholders Approve All Board Proposals at Extraordinary General Meeting / Breakeven confirmed

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM
Leclanché Shareholders Approve All Board Proposals at Extraordinary
General Meeting / Breakeven confirmed

06.10.2015 / 19:05
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

Press Release

Leclanché Shareholders Approve All Board Proposals at Extraordinary General
Meeting

- Ordinary capital increase of 4'000'000 shares to fund growth investment

- Company's Growth Plan is on track

- Adjusted EBITDA* breakeven towards end of the year reconfirmed

Yverdon-les-Bains, Switzerland, 06 October 2015 - Leclanché S.A. (SIX Swiss
Exchange: LECN), specializing in the production of large-format lithium-ion
cells and energy storage solutions, announced today that its shareholders
approved at more than 99 % all the proposals of the Board of directors at
its Extraordinary General Meeting held today in Yverdon-les-Bains, notably
Discharge of the Board of Directors, Ordinary Capital Increase,
Compensation of the Members of the Executive Committee and Modification of
Article23quater of Articles of Association.

"We sincerely thank our shareholders for approving all the proposed
resolutions, as this means that the Company Board and Executive Committee
can concentrate on raising further funding and accelerating the growth of
the Company beyond sustainable profitability," commented Jim Attack,
Chairman of Leclanché.

Anil Srivastava, CEO of the Company, used the opportunity to reinforce the
communication delivered during the Interim Results announcement on 3rd Sep,
2015. He emphasized that "the request for an Ordinary capital increase is
to invest in development of large projects, acquisitions through share
deals and expansion in international markets, in particular in the US.".

Most importantly the CEO underlined that the Interim results do not yet
reflect the positive impact of the series of major customer wins,
acquisitions and partnership agreements since the start of 2015. These
signed contracts have led to strong production ramp-up during this period.

Leclanché's far-reaching industrial and commercial transformation is
clearly underway and Anil Srivastava confirmed once again that the Company
will reach an adjusted EBITDA* breakeven towards the end of the year.

Thanks to strong support from Recharge A/S, in a convincing demonstration
of trust, a substantial debt reduction has been achieved thanks to the
conversion of CHF 22 million into Leclanché shares.