Leclanch confirms that the capital increase of CHF 41.3 million approved at its last general meeting has been completed

Leclanché SA / Keyword(s): Capital Increase
Leclanché confirms that the capital increase of CHF 41.3 million approved at its last general meeting has been completed

18-Nov-2022 / 19:11 CET/CEST
Publication of an ad hoc announcement pursuant to Art. 53LR
The issuer is solely responsible for the content of this announcement.

Ad hoc announcement pursuant to Art. 53LR

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

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

YVERDON-LES-BAINS, Switzerland, November 18, 2022 – Leclanché SA (SIX: LECN), a world leader in energy storage, announces the finalization of the conversion of CHF 41.3 million of debt owed to SEFAM[1] in shares of the Company.

“I would like to thank SEFAM for its continued support of 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 bottom line and Account lost. It will also drive continued investment interest in the business 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 [email protected] or visit www.leclanché.com

About Leclanché SA

Based 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 culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for disruptors, established businesses and governments who are at the forefront of change. positive in the way energy is produced, distributed and consumed around the world. The energy transition requires above all the development of the management of our electricity networks and the electrification of transport, these two end markets constituting the backbone of our strategy and our economic model. Leclanché is at the heart of the convergence of transport electrification and changes in the distribution network. Leclanché is organized into three business units: energy storage solutions, e-Mobility solutions and specialized battery systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: stock symbol LECN | ISIN CH 011 030 311 9


This press release contains certain forward-looking statements relating to Leclanché’s business, which may be identified by terms such as “strategic”, “proposed”, “to introduce”, “will”, “planned”, “expected”, ” commitment”, “anticipates”, “fixes”, “prepares”, “plans”, “estimates”, “aims”, “could”, “potential”, “pending”, “estimated”, “proposal”, or similar expressions, or by express or implied discussions regarding the ramp-up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from such products, or potential future sales or profits of Leclanché or one of its business units. You should not place undue reliance on these statements. These forward-looking statements reflect Leclanché’s current beliefs regarding future events and involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from any future results, performance or achievements expressed or implied. -understood by these 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.

[1] SEFAM stands for: AM INVESTMENT SCA, SICAV-SIF – Illiquid Assets Sub-Fund and AM INVESTMENT SCA, SICAV-SIF – R&D Sub-Fund, together with STRATEGIC EQUITY FUND – Renewable Energy Sub-Fund, STRATEGIC EQUITY FUND – Multi Asset Strategy Sub -Fund, STRATEGIC EQUITY FUND – E Money Strategies Sub-Fund (also called Energy Storage Invest) and, all these funds being globally the main shareholder of Leclanché, hereinafter referred to as “SEFAM”.

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