Leclanché SA
Leclanché Announces Changes on its Board of Directors
EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous Leclanché Announces Changes on its Board of Directors YVERDON LES BAINS, SWITZERLAND, November 25th, 2016: After two and a half years’ service as Recharge A/S representatives on the Leclanche SA Board of Directors, Scott Macaw and Robert Robertsson are resigning their positions. In December 2014, Recharge funded Leclanché’s successful turnaround plan, providing some CHF 22m under convertible loans. These loans were ultimately converted into shares or transferred to other key company investors. Recharge’s current shareholding in Leclanche is around 7.5%. During the turnaround period, Leclanche has established a robust production line in its Willstaett cells factory, and started to attract significant clients, as well as further strategic investors. A growth plan for the business was endorsed by shareholders in 2015, and is now well underway, with substantial sales of complete battery systems around the world. Recharge’s contribution to the financing of the first phase of Leclanché’s growth plan was instrumental to the Company’s success, as was its contribution to the insourcing of a full BMS system, and to the funding of the strategic investment in the Graciosa project in the Portuguese Azores Islands. Scott and Robert believe that, with the turnaround plan now complete, and Leclanché now implementing the next phase of its growth plan, the Company has the necessary resources of investors, board members and executive team to succeed. Scott and Robert anticipate a bright future for Leclanche and look forward to further opportunities to support the company, other than acting as Board members. The Board of Directors would like to take this opportunity to thank Scott Macaw and Robert Robertsson for their service, contribution and cooperation over the past two and a half years. Leclanche undertakes to renew and strengthen its Board, and is reviewing potential candidates to replace Scott and Robert, to give the best possible support to its successful 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 * * * * * Contacts Investor Relations Media Contacts End of ad hoc announcement |
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 Swiss Exchange | |
End of News | EQS Group News Service |