Ad-hoc | 16 April 2012 18:30
Leclanché SA / Key word(s): AGM/EGM
16.04.2012 18:30
Release of an ad hoc announcement pursuant to Art. 53 KR
---------------------------------------------------------------------------
Press Release
Leclanché's shareholders approve all proposed resolutions
Yverdon-les-Bains, April 16, 2012 - Leclanché S.A. (SIX Swiss Exchange:
LECN), a Swiss company specialized in the production of large-format
lithium-ion cells and energy storage solutions, today announces that the
company's shareholders approved all proposed resolutions with a large
majority at its Annual General Meeting which took place today in Lausanne.
It was attended by 24 shareholders or proxies, representing 2'011'546
shares, or 37,4% of a total of 5'384'088 registered shares.
Shareholders approved in particular the 2011 Annual Report and financial
statements and discharged the members of the Board of Directors. The Annual
General Meeting re-elected Armin Weiland for a three-year term and elected
Christoph Cleve as a new director. Dr Jürgen Diegruber, former member of
the Board decided not to stand for re-election.
'On behalf of Leclanché I would like to thank our shareholders for their
trust and continuing support. The Board of Directors and Leclanché's
management will continue to work closely together to achieve our objective
of becoming a leading provider of electric storage solutions based on
large-format lithium-ion cell. In this respect, we are convinced that
scalable home and industrial storage systems will play an ever-increasing
role in the efficient use of fluctuating wind and solar energy,' said Rolf
Eckrodt, Chairman of the Board.
Mr Eckrodt added: 'We would like to take this opportunity to thank Dr
Jürgen Diegruber for his valuable contribution and to welcome to the Board
of directors Christoph Cleve, who will share with the company his wealth of
expertise and financial know-how.'
About Leclanché
Leclanché specializes in the production of tailor-made energy storage
solutions. Leclanché's strategy is to expand its position as one of the
leading lithium-ion cell producers and solution providers for renewable
energy storage systems. Its initial strategic priority is stationary home
electric energy storage applications and expansion into the stationary
industrial and grid electricity storage markets. Through participation in
research consortia focusing on off-road and automotive applications,
Leclanché is positioned to take advantage of new market opportunities.
Through a licensed ceramic separator technology and focus on
lithium-titanate technology, Leclanché manufactures large-format
lithium-ion cells optimized for safety and cycle-life in a fully automated
production process. Leclanché currently operates a fully automated pilot
production line with an installed annual production capacity of up to 4 MWh
in large-format lithium-ion cells. By the end of the second quarter of
2012, Leclanché expects to commence commercial production at its first mass
production line with an installed annual capacity of up to 76 MWh in
lithium-titanate cells.
Leclanché was founded in 1909 in Yverdon-les-Bains. Through the integration
of a spin-off from the Fraunhofer-Gesellschaft in 2006, the company evolved
from a traditional battery manufacturer to become a leading developer and
manufacturer of lithium-ion cells in Europe. Leclanché currently employs
120 staff and recorded revenues of CHF 13.4 million in 2011. The company
has its headquarters in Yverdon-les-Bains (Switzerland) and production
facilities in Willstätt (Germany). Leclanché is listed on the SIX Swiss
Exchange (LECN).
Contact for Swiss media:
Christophe Lamps, Dynamics Group S.A.: Telephone: +41 22 308 62 22,
cla@dynamicsgroup.ch
Contact for International media:
Markus Wieser, CNC AG: Telephone: +49 89 599 458 114,
markus.wieser@cnc-communications.com
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.
16.04.2012 News transmitted by EquityStory AG.
The issuer is responsible for the contents of the release.
EquityStory publishes regulatory releases, media releases on the capital
market and press releases.
The EquityStory Group distributes authentic and real-time financial news
for over 1'300 listed companies.
The Swiss news archive can be found at www.equitystory.ch/news
---------------------------------------------------------------------------
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
Swiss Security Number: A1CUUB, 812950
Listed: SIX
End of Announcement EquityStory News-Service
---------------------------------------------------------------------------