Leclanché SA
Leclanché Shareholders Approve All Board Proposals at Extraordinary General Meeting / Breakeven confirmed
EQS Group-Ad-hoc: Leclanché SA / Key word(s): AGM/EGM Leclanché Press Release Leclanché Shareholders Approve All Board Proposals at Extraordinary General Meeting – Ordinary capital increase of 4’000’000 shares to fund growth investment – Company’s Growth Plan is on track – Adjusted EBITDA* breakeven towards end of the year reconfirmed Yverdon-les-Bains, Switzerland, 06 October 2015 – 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 at more than 99 % all the proposals of the Board of directors at its Extraordinary General Meeting held today in Yverdon-les-Bains, notably Discharge of the Board of Directors, Ordinary Capital Increase, Compensation of the Members of the Executive Committee and Modification of Article23quater of Articles of Association. “We sincerely thank our shareholders for approving all the proposed resolutions, as this means that the Company Board and Executive Committee can concentrate on raising further funding and accelerating the growth of the Company beyond sustainable profitability,” commented Jim Attack, Chairman of Leclanché. Anil Srivastava, CEO of the Company, used the opportunity to reinforce the communication delivered during the Interim Results announcement on 3rd Sep, 2015. He emphasized that “the request for an Ordinary capital increase is to invest in development of large projects, acquisitions through share deals and expansion in international markets, in particular in the US.“. Most importantly the CEO underlined that the Interim results do not yet reflect the positive impact of the series of major customer wins, acquisitions and partnership agreements since the start of 2015. These signed contracts have led to strong production ramp-up during this period. Leclanché’s far-reaching industrial and commercial transformation is clearly underway and Anil Srivastava confirmed once again 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 any additional information: About Leclanché
End of ad hoc announcement 2015-10-06 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 |
400411 2015-10-06 |