Leclanché confirms that the capital increase of CHF 41.3 million approved at its last AGM has been completed

Leclanché SA / Key word(s): Capital Increase Leclanché confirms that the capital increase of CHF 41.3 million approved at its last AGM has been completed 18-Nov-2022 / 19:11 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

Leclanché confirms that the capital increase of CHF 41.3 million approved at its last AGM has been completed

 

• Completion of the conversion of CHF 41,339,960.43 of debt owed to SEFAM into shares of the Company in order to strengthen its balance sheet

 

YVERDON-LES-BAINS, Switzerland, 18 November 2022 - Leclanché SA (SIX: LECN), one of the world’s leading energy storage companies, announces the completion of the conversion of CHF 41.3 million of debt owed to SEFAM[1] into shares of the Company.

 

“I would like to thank SEFAM for its continued support to the Company and for agreeing to improve Leclanché’s balance sheet through this debt-to-equity conversion recommended by its Board of Directors.

 

“Beyond the positive effect this conversion will have on creditors, it will also reduce the Company’s interest bill in the coming months, which will also have a positive effect on its profit and loss account. It will also drive continued investment interest in the company during a period of strong growth for Leclanché in the fast-growing e-Transport sector,” said Pierre Blanc, CEO of Leclanché SA.

 

For more information, write to [e-mail] or visit www.leclanche.com

 

 

About Leclanché SA

Headquartered in Switzerland, Leclanché SA is a leading global 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. 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 organised in three business units: energy storage solutions, e-Mobility solutions and specialty battery systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).