Leclanché SA
Leclanché SA: Leclanché’s share price
EQS Group-Ad-hoc: Leclanché SA / Key word(s): Miscellaneous Press release Leclanché’s share price Statement of Anil Srivastava, CEO Yverdon, Switzerland, 21 October, 2015 – In the past months, Leclanché has been contacted by investors who have pointed out that our continuously declining share price does not seem to be in line with the company’s progress in the implementation of its strategic plan. Anil Srivastava, Leclanché’s CEO, addresses the issue: “First of all, I would like to thank all the shareholders who took part in the recent extraordinary shareholders’ meeting (EGM held on October the 6th) for their outstanding support, with all proposed resolutions adopted at a 99% approval rate. Leclanché has made significant progress in 2015 and its Growth Plan is on track, for which an update was provided during the EGM. In particular, I would like to highlight the following items, some of which are leading the global battery industry: – 5 May 2015 – 8.5 million euros order for the Graciosa project in Portugal. It is one of the World’s largest micro-grid project based on a Lithium Battery System; – 9 June 2015 – 4.2 MWh battery system order for the World’s largest electric ferryboat in Denmark; – 31 August 2015 – major customer win for solar street lighting solutions in Saudi Arabia and a major new battery order for automatic guided vehicles; – 19 October 2015 – Leclanché launches a new, highly-efficient “full-electric” bus at Busworld Europe in Belgium. The Company takes this matter very seriously and we are monitoring the stock price development very closely. The management of Leclanché is fully committed to its Growth Plan and I can reconfirm the previous guidance given that the Company will reach an adjusted EBITDA* breakeven towards the end of the year.” *As previously recorded, ‘Adjusted EBITDA breakeven’ is defined as breakeven at the EBITDA level, after adjustment to exclude of any non-cash items and as further adjusted to exclude the negative effects of any growth initiatives and activities which are separately funded under Facility B or otherwise. For further information: About Leclanché
End of ad hoc announcement 2015-10-21 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 |
404135 2015-10-21 |