Leclanché SA / Key word(s): Miscellaneous
04.07.2014 07:13

Release of an ad hoc announcement pursuant to Art. 53 KR

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Precept converts outstanding loan into ordinary shares of Leclanché SA
Yverdon-les-Bains, Switzerland, July 4, 2014 - Leclanché S.A. (SIX Swiss Exchange: LECN), specialized in the production of large-format lithium-ion cells and energy storage solutions, announced today that Precept Fund Management SPC on behalf of Precept Fund Segregated Portfolio ("Precept") has elected to convert the remaining portion of its outstanding loan, including accumulated interest and fees, of CHF 2,205,872 into 1,470,581 shares of Leclanché SA, at CHF 1.50 per share. The conversion has been implemented pursuant to the terms of the CHF 17 million Senior Secured Convertible Loan Agreement entered into by the Company with Precept on July 9, 2013,

Leclanché S.A.'s new share capital amounts to CHF 32,971,804.5 and is divided into 21,981,203 fully paid-in registered shares with a nominal value of CHF 1.50 each.

About Leclanché

Leclanché's strategy is to become one of the leading lithium-ion cell producers and solution providers for energy storage systems in Europe. Its strategic priorities are to develop and market energy storage products for home, industrial markets and grid applications and to grow its existing businesses of developing portable energy storage systems for military, medical and industrial applications. It also includes providing a range of professional energy storage systems to a diversified customer base. Through participation in research consortia focusing on hybrid and E-mobility applications, Leclanché is positioned to take advantage of new market opportunities.

Through a unique, patented ceramic separator technology and focus on lithium-titanate technology, Leclanché manufactures large-format lithium-ion cells, optimized for safety and cycle-life, in a fully automated production process. The newly installed production line will have an annual capacity of one million cells or 76 MWh.
Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved from a traditional battery manufacturer to become a leading developer and manufacturer of lithium-ion cells in Europe. Leclanché currently employs more than 100 staff and is listed on the SIX Swiss Exchange (LECN). The company has its headquarters in Yverdon-les-Bains (Switzerland) and production facilities in Willstätt (Germany).

www.leclanche.eu

Media contact: 

Christophe Lamps, Dynamics Group S.A.: Telephone: +41 79 476 26 87, cla@dynamicsgroup.ch

Disclaimer 

This press release contains certain forward-looking statements relating to Leclanché's business, which can be identified by terminology such as "strategic", "proposes", "to introduce", "will", "planned", "expected", "commitment", "expects", "set", "preparing", "plans", "estimates", "aims", "would", "potential", "awaiting", "estimated", "proposal", or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché's production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché's products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.


04.07.2014 News transmitted by EQS Schweiz AG. 
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Language:               English
Company:                Leclanché SA
                        Av. des Sports 42
                        1400 Yverdon-les-Bains
                        Switzerland
Phone:                  +41 (24) 424 65-00
Fax:                    +41 (24) 424 65-20
E-mail:                 investors@leclanche.com
Internet:               www.leclanche.com
ISIN: CH0110303119, CH0016271550 Valor:                  A1CUUB, 812950
Listed:                 SIX
 
End of Announcement EQS Group News-Service  

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