EQS-Adhoc

Leclanché SA: Leclanché shareholders approve all Board proposals at Annual General Meeting - Seite 2

Leclanché is planning to raise a further CHF 30 million in October and is reviewing the options of a rights issue, private placement with institutional shareholders and an asset sale.

In addition, Leclanché is reviewing a potential second listing on a North American exchange and the possible acquisition of a target energy management storage software company, which is expected to generate an additional 3.5 per cent margin.

Jim Atack, Chairman of Leclanché, said: "We are delighted to receive the continued support of our shareholders and their approval of all the Board's proposals. We are very pleased to welcome Tianyi Fan, Pierre-Alain Graf and Cathy Wang to the Board. We are also very grateful to have received the investment commitments from our long-term shareholders Golden Partner and Bruellan, which will enable Leclanché's management to take the Company to the next stage of its growth story. We thank ACE and Jade group for their constructive work with Golden Partner and the Company to extend the convertible loan."

Mr. Tianyi Fan and Ms. Cathy Wang representing the interests of Golden Partner said: "Leclanché is at the forefront of the transformation of the global energy industry to a focus on renewables and we are delighted to have the opportunity to invest further in the huge opportunities ahead for the Company."

Antoine Spillmann, partner and CEO of Bruellan, a major shareholder of the Company, said: "We are very pleased to increase our investment in Leclanché. I congratulate Anil and his world-class management team for their work in transforming the Company. Leclanché is one of the most innovative organizations in a sector that is set for long term high growth."

Leclanché's resumed fast-track growth strategy for the second half of 2017 is focused on completing its utility scale stationary storage projects in progress, including Marengo project in the USA and IESO project in Canada, two of the biggest projects of their kind in the world; and finalising contracts in eTransport following the Company's global agreement with Skoda Electric to provide battery packs for the Company's electric buses packaged solution; the launch of Leclanché's Marine Rack System, the world's first system approved under revised DNV-GL requirements; and the agreement with eCAMION and SGEM to build and operate a network of 34 electric vehicle fast-charging stations along the trans-Canada highway.