EQS-Adhoc
Leclanché SA: Recharge and Bruellan convert their entire loan facilities into Leclanché shares
EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous
Leclanché SA: Recharge and Bruellan convert their entire loan facilities
into Leclanché shares
21.06.2016 / 06:40
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.
Leclanché SA: Recharge and Bruellan convert their entire loan facilities
into Leclanché shares
21.06.2016 / 06:40
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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Recharge and Bruellan convert their entire loan facilities into Leclanché
shares
- Two of Leclanché's key investors converts the final part of their loans
established to support the Company Growth Plan.
- Recharge completes its conversion of CHF 27.2 million loan to
Leclanché, significantly deleveraging the Company
- The Conversion of the Mandatory Convertible Note happens 6 months ahead
of mandatory convertible date.
YVERDON LES BAINS, Switzerland, [end] of June 2016: Recharge A/S (formally
Recharge ApS) and Bruellan, two of Leclanché's key shareholders, completed
the conversion of their entire loan facilities into shares of Leclanché SA,
based on the convertible loan agreement dated 7 December 2014 (the loan
facility B) and the note agreement dated 16th December 2015 (the Mandatory
Convertible Notes).
Recharge finalizes its conversion of the entire CHF 27.2 million
convertible loan including its CHF 1.2 million Mandatory Convertible Note
dated 16th December 2015, and the CHF 16.8 million conversion dated July
2015.
Furthermore, Bruellan converts its CHF 1.2 million Mandatory Convertible
Note. Therefore, the entire Mandatory Convertible Notes is now converted
into Leclanché shares 6 Months ahead of the mandatory convertible date of
December 15th 2016.
The total issued shares of Leclanché is now 42'307'988.
Scott Macaw, director of Recharge A/S, commented: «We are very pleased with
the recent fast growth development of the Company. The Management team has
proved its capabilities to win and to deliver large scale energy storage
projects on a turn-key basis. We are very confident the Company is
successfully executing its growth plan ».
Jean-Paul Tissières, partner of Bruellan also pointed out: «Bruellan
Corporate Action Fund has been supporting the Company since 2013.The energy
storage industry is currently under fast growth perspective supported by
the realisation of large scale commercial projects in North America and
soon Europe. We are pleased with the recent developments which proved
Leclanché ability to secure, manufacture and deliver commercial projects
worldwide ».
"Recharge and Bruellan have continuously been strong supporters and
strategic investors in Leclanché. We are extremely thankful for their
Recharge and Bruellan convert their entire loan facilities into Leclanché
shares
- Two of Leclanché's key investors converts the final part of their loans
established to support the Company Growth Plan.
- Recharge completes its conversion of CHF 27.2 million loan to
Leclanché, significantly deleveraging the Company
- The Conversion of the Mandatory Convertible Note happens 6 months ahead
of mandatory convertible date.
YVERDON LES BAINS, Switzerland, [end] of June 2016: Recharge A/S (formally
Recharge ApS) and Bruellan, two of Leclanché's key shareholders, completed
the conversion of their entire loan facilities into shares of Leclanché SA,
based on the convertible loan agreement dated 7 December 2014 (the loan
facility B) and the note agreement dated 16th December 2015 (the Mandatory
Convertible Notes).
Recharge finalizes its conversion of the entire CHF 27.2 million
convertible loan including its CHF 1.2 million Mandatory Convertible Note
dated 16th December 2015, and the CHF 16.8 million conversion dated July
2015.
Furthermore, Bruellan converts its CHF 1.2 million Mandatory Convertible
Note. Therefore, the entire Mandatory Convertible Notes is now converted
into Leclanché shares 6 Months ahead of the mandatory convertible date of
December 15th 2016.
The total issued shares of Leclanché is now 42'307'988.
Scott Macaw, director of Recharge A/S, commented: «We are very pleased with
the recent fast growth development of the Company. The Management team has
proved its capabilities to win and to deliver large scale energy storage
projects on a turn-key basis. We are very confident the Company is
successfully executing its growth plan ».
Jean-Paul Tissières, partner of Bruellan also pointed out: «Bruellan
Corporate Action Fund has been supporting the Company since 2013.The energy
storage industry is currently under fast growth perspective supported by
the realisation of large scale commercial projects in North America and
soon Europe. We are pleased with the recent developments which proved
Leclanché ability to secure, manufacture and deliver commercial projects
worldwide ».
"Recharge and Bruellan have continuously been strong supporters and
strategic investors in Leclanché. We are extremely thankful for their
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