EQS-Adhoc

ERRATUM - Leclanché Shareholders Approve All Board Proposals

EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM
ERRATUM - Leclanché Shareholders Approve All Board Proposals

04.05.2016 / 18:28
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

For Immediate Release

ERRATUM - Leclanché Shareholders Approve All Board Proposals

* Increase of authorised and conditional capital to enable Leclanché to
raise funds to support its 2016 growth plans
* One new board member elected

YVERDON-LES-BAINS, Switzerland, 04 May 2016: Leclanché S.A. (SIX Swiss
Exchange: LECN), the fully vertically integrated, battery energy storage
system provider, announced today that its shareholders approved all the
proposals of the Board of Directors at its 2016 Annual General Meeting held
this morning in Yverdon-les-Bains.

Shareholders approved all the resolutions relating to the increase of the
authorized and conditional share capital in connection with the 2016
operating and growth plans of the company. Shareholders also elected Mr.
David Anthony Ishag as a new board member. The CEO, Mr. Anil Srivastava,
provided a comprehensive overview on 2015's major achievements, the early
2016's landmark projects and the leading market position Leclanché is
taking. He shared his optimism of securing and delivering more than 100 MWh
of energy storage systems in 2017. Further, he articulated the need for
raising capital to support the growth plan of the Company. Finally, after
preparatory discussions with Bruellan Corporate Governance Action Fund, the
Board of Directors recommended that shareholders approve the Bruellan
proposal to remove article 5 of the Articles of Association, regarding
opting-up; this proposal was also accepted.

"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. I'm confident that the Company will
soon raise the required capital to deliver on its growth plan," commented
Jim Atack, Chairman of Leclanché.

Commenting on today's resolutions, the newly elected Board member, David
Anthony Ishag added: "I am very pleased to join the Board of the Company at
this particular time when the market opportunities are extremely promising.
I am looking forward to support both the Board and the management team in
their mission to deliver sustainable and profitable growth. I am confident
the goals that the management team has set are ambitious but achievable: