Leclanché Concludes its 2024 Annual General Meeting

Leclanché SA / Key word(s): AGMEGM
Leclanché Concludes its 2024 Annual General Meeting

27-Jun-2024 / 22:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to Art. 53 LR

Leclanché Concludes its 2024 Annual General Meeting

  * Shareholders have approved the conversion of CHF 84.7 million in debt
    into company shares. This initiative significantly augments the
    company's capital reserves, reinforcing its balance sheet and
    underlining its commitment to sustained growth and market leadership

  * The shareholders also approved an increase in the conditional capital
    and the introduction of a capital band

YVERDON-LES-BAINS, Switzerland, 27th June, 2023 - Leclanché SA (SIX: LECN),
one of the world's leading manufacturers of heavy-duty industrial batteries,
announced the decisions by the Company's shareholders on the proposals of
the Board of Directors at its 2024 Annual General Meeting (AGM) held today
at EXPLORiT, Y-Parc, Avenue des Découvertes 1, 1400 Yverdon-les-Bains,
Switzerland.

The shareholders have approved a proposal by the Board of Directors to
convert existing debt of CHF 84,670,025.30 owed to SEF-Lux (1) and other
investment partners into equity through an ordinary capital increase. This
restructuring aims to strengthen Leclanché's balance sheet and increase its
capital base, strategically positioning the company to leverage
opportunities in the high-growth e-Mobility

The Board of Directors proposition to increase the Company's share capital
in the amount of CHF 18,768,578.90, to take it from CHF 58,611,476.90to CHF
77'380'055.80 by way of two ordinary capital increases, has been approved.

The five members of the Board, Mr. Lex Bentner, Mr. Marc Lepièce, Mr.
Christophe Manset, and Mr. Ali Sherwani have been re-elected. Mr. Lex
Bentner has been re-elected as Chairman of the Board of Directors. The
members of the Appointment and Remuneration Committee, Mr. Marc Lepièce and
Mr. Christophe Manset have been re-elected and Mr. Lex Bentner has been
elected.

The shareholders have approved maximum aggregate amount of the Executive
Committee's compensation at CHF 2,350,000.00, for the financial year 2025.
The amount remains unchanged for the 2024 financial year.

Lex Bentner, Chairman of the board of directors of Leclanché, said: "We are
pleased with the outcomes of our 2024 Annual General Meeting and the support
from our shareholders, including the capital increase. The approval to
convert CHF 84.7 million of debt into equity marks a pivotal step in
strengthening our balance sheet and positions us well for future growth. Our
strategic initiatives in the e-Mobility, Stationary, and Specialty Battery
businesses are gaining significant traction, with notable project wins and
technological advancements. As Leclanché continues to innovate and expand,
the company remains committed to delivering sustainable energy solutions
that meet the evolving needs of customers and drive long-term value for our
stakeholders."

For more information, write to info@leclanche.com or visit www.leclanche.com.

******

About Leclanché

Leclanché is a world leading provider of low-carbon footprint energy storage
solutions based on lithium-ion cell technology. Established in 1909 in
Yverdon-les-Bains, Switzerland, Leclanché's history and heritage is rooted
in battery and energy storage innovation. The company's Swiss culture for
precision and quality, together with its production facilities in Germany,
make Leclanché the partner of choice for companies seeking the very best in
battery performance and who are pioneering positive changes in how energy is
produced, distributed and consumed around the world. Leclanché is organised
into three business units: energy storage solutions, e-Mobility solutions
and specialty battery systems. The company currently employs over 350 people
with representative offices in eight countries around the world. Leclanché
is listed on the Swiss Stock Exchange (SIX: LECN).

SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9


Disclaimer

This press release contains certain forward-looking statements relating to
Leclanché's business, which can be identified by terminology such as
"strategic", "proposes", "to introduce", "will", "planned", "expected",
"commitment", "expects", "set", "preparing", "plans", "estimates", "aims",
"would", "potential", "awaiting", "estimated", "proposal", or similar
expressions, or by expressed or implied discussions regarding the ramp up of
Leclanché's production capacity, potential applications for existing
products, or regarding potential future revenues from any such products, or
potential future sales or earnings of Leclanché or any of its business
units. You should not place undue reliance on these statements. Such
forward-looking statements reflect the current views of Leclanché regarding
future events, and involve known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different from any
future results, performance or achievements expressed or implied by such
statements. There can be no guarantee that Leclanché's products will achieve
any particular revenue levels. Nor can there be any guarantee that
Leclanché, or any of the business units, will achieve any particular
financial results.

Contacts

Media Switzerland /Europe:
Thierry Meyer
T: +41 (0) 79 785 35 81
E-mail: tme@dynamicsgroup.ch

Media Germany:
Christoph Miller
T: +49 (0) 711 947 670
E-mail: leclanche@sympra.de

Investor Contacts:
Pasquale Foglia / Pierre Blanc
T: +41 (0) 24 424 65 00
E-Mail: invest.leclanche@leclanche.com

(1) SEF-LUX refers to: Strategic Equity Fund SCA SICAV RAIF - Renewable
Energy, AM Investment S.C.A. SICAV - RAIF - Global Growth Sub-Fund, and
Strategic Yield Fund S.C.A., who collectively are the main shareholders of
Leclanché, hereunder referred to as "SEF-Lux". Strategic Equity Fund SCA
SICAV RAIF - E Money Strategies (EMS) and Strategic Equity Fund SCA SICAV
RAIF - Multi Asset Strategy merged into Strategic Equity Fund SICAV RAIF as
of 31 March 2023. Golden Partner Private Equity FOF merged into Strategic
Equity Fund SICAV RAIF as of 30 November 2023. AM Investment S.C.A. SICAV -
FIS - R&D Sub-Fund, AM Investment S.C.A. SICAV - FIS - Liquid Assets
Sub-Fund and AM Investment S.C.A. SICAV - FIS - Illiquid Assets merged into
a single sub-fund AM Investment S.C.A. SICAV - RAIF - Global Growth Sub-Fund
as of 30 November 2023 Pure Capital S.A. being the beneficial owner as per
the reporting platform of SIX Exchange Regulation AG's Disclosure Office -
Date of publication of the most recent notification: 26 October 2023.


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End of Inside Information

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   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
   EQS News ID:    1935159

End of Announcement EQS News Service
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1935159 27-Jun-2024 CET/CEST