Leclanché SA
Leclanché SA: Leclanché SA: Leclanché Shareholders Approve All Board Proposals. CEO provided business update and sets up-beat objectives for the year 2016.
EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM/Miscellaneous Leclanché SA: Leclanché Shareholders Approve All Board Proposals. CEO provided business update and sets up-beat objectives for the year 2016. – Increase of authorised and conditional capital to enable Leclanché to raise funds to support its 2016 growth plans – Two new board members elected – Up-beat targets announced for the year 2016 Yverdon – les – Bains, Switzerland, 21 January 2016 – Leclanché S.A. (SIX Swiss Exchange: LECN), specializing in the production of large format lithium-ion cells and energy storage solutions, announced today that its shareholders approved all the proposals of the Board of Directors at its 2016 Extraordinary General Meeting held this morning in Yverdon-les-Bains. Shareholders approved all the resolutions, by more than 99%, 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 two new board members as representative of investors, Peter G. Wodtke and Adam Said. “The management presented to our shareholders major achievements completed in 2015 and shared very promising market outlook. We sincerely thank our shareholders for their continuous support to Leclanché and its management team and for approving all proposed resolutions, which enables further growth investments for the Company. It puts the Company on a solid footing to swiftly implement its growth plans with the objective to deliver sustainable profitable growth,” commented Jim Atack, Chairman of Leclanché. Commenting today’s resolutions, the newly elected Board members, Peter G. Wodtke and Adam Said, added: “We look forward to actively supporting the Company and its management in their mission to deliver sustainable profitable growth. The company is poised for growth and we look forward to participating in its exciting future”. The Chairman of Leclanché noted his appreciation of Antoine Spillmann, who has stepped down from the Board, and thanks him for his energetic contribution to the successful re-invention of the Company during this period and looks forward to Bruellan’s continued engagement as a significant shareholder. The Board will shortly proceed to implement the creation of capital and file the necessary registrations in the commercial register:
Shareholders of Leclanché S.A. approved : 1. Creation of Authorized Share Capital to an amount CHF 16.35 million 2. Creation of Conditional Share Capital to an amount CHF 13.5 million 3. Set-off of Capital Contribution Reserves, General Reserves and Other Reserves with CHF 49.2 million Accumulated Losses 4. Elections to the Board of Directors 4.1 Election of Peter G. Wodtke Finally, the Company CEO Anil Srivastava provided a clear market update to the shareholders as well as presenting up-beat targets for the year: 1. Increase backlog to 75 MWh 2. Double the revenue 3. Reduce EBITDA loss by further 50% 4. Secure funding for growth plan and future operations For further information: About Leclanché
Disclaimer End of ad hoc announcement +++++ Additional features: Document: http://n.eqs.com/c/fncls.ssp?u=LOEYWKFLLH Document title: PR_LEC_EGM210116_ENG 2016-01-21 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 |