Leclanché SA
ERRATUM – Leclanché Shareholders Approve All Board Proposals
EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM For Immediate Release ERRATUM – Leclanché Shareholders Approve All Board Proposals * Increase of authorised and conditional capital to enable Leclanché to raise funds to support its 2016 growth plans YVERDON-LES-BAINS, Switzerland, 04 May 2016: Leclanché S.A. (SIX Swiss Exchange: LECN), the fully vertically integrated, battery energy storage system provider, announced today that its shareholders approved all the proposals of the Board of Directors at its 2016 Annual General Meeting held this morning in Yverdon-les-Bains. Shareholders approved all the resolutions relating to the increase of the authorized and conditional share capital in connection with the 2016 operating and growth plans of the company. Shareholders also elected Mr. David Anthony Ishag as a new board member. The CEO, Mr. Anil Srivastava, provided a comprehensive overview on 2015’s major achievements, the early 2016’s landmark projects and the leading market position Leclanché is taking. He shared his optimism of securing and delivering more than 100 MWh of energy storage systems in 2017. Further, he articulated the need for raising capital to support the growth plan of the Company. Finally, after preparatory discussions with Bruellan Corporate Governance Action Fund, the Board of Directors recommended that shareholders approve the Bruellan proposal to remove article 5 of the Articles of Association, regarding opting-up; this proposal was also accepted. “We sincerely thank our shareholders for their continuous support to Leclanché and its management team. We are grateful to the shareholders for approving all proposed resolutions. I’m confident that the Company will soon raise the required capital to deliver on its growth plan,” commented Jim Atack, Chairman of Leclanché. Commenting on today’s resolutions, the newly elected Board member, David Anthony Ishag added: “I am very pleased to join the Board of the Company at this particular time when the market opportunities are extremely promising. I am looking forward to support both the Board and the management team in their mission to deliver sustainable and profitable growth. I am confident the goals that the management team has set are ambitious but achievable: 2016 will be another milestone year for the Company.” The Chairman of Leclanché noted his appreciation of Bryan Urban, who has stepped down from the Board to assume the top-role in managing the North American subsidiary and thank him for his involvement in the implementation of the growth plan. About Leclanché Leclanché is listed on the Swiss stock exchange. SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9 Disclaimer # # # Media contacts: Worldwide, except U.S. and Canada: End of ad hoc announcement 2016-05-04 News transmitted by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. |
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: | Foreign Exchange(s) SIX | |
End of News | EQS Group News Service |