Leclanché
Press Release
Leclanché SA: exemption granted by the Swiss Takeover Board in connection with the proposed restructuring announced on December 8, 2014
Yverdon-les-Bains, Switzerland, December, 30, 2014 - Leclanché S.A. (SIX Swiss Exchange : LECN), which specializes in the production of large-format lithium ion cells and energy storage solutions, announces today that the Swiss Takeover Board has exempted Recharge, Precept or Bruellan from the obligation to submit a mandatory tender offer for the shares of Leclanché SA. According to the press release issued on December 8th 2014, the Extraordinary Shareholders meeting will take place as planned on 5th January 2015 in Yverdon-les-Bains at 2:30 pm.
The Board of Directors unanimously supports the exemption request, as the CHF 21 million financing is considered the best possible funding option for all stakeholders within the time available.
The full as well as a shortened version of the Board report is available in French and German on the company's web site: http://www.leclanche.eu/page/press-releases
About Leclanché
Leclanché's strategy is to become one of the leading lithium-ion cell producers and solution providers for energy storage systems. Its strategic priorities are to develop and market stationary and mobile energy storage systems for home, industrial markets, grid applications, mass-transport markets and networks and to grow its existing business of specialty battery systems for a broad range of applications.
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.
