Leclanché SA (SIX Swiss Exchange: LECN), specialized in the production of large-format lithium-ion cells and energy storage solutions, announces shareholders approved all agenda points with a large majority at its Extraordinary Shareholders' Meeting held in Yverdon-les-Bains. Shareholders decided in particular to adopt the suggested creation of a conditional capital for the issuance of shareholder options in the maximum amount of CHF 6’471’700 as well as an ordinary increase of the share capital by a maximum nominal amount of CHF 3'750'000 through the issue of a maximum of 750’000 new registered shares.

This approval opens the way to a planned capital increase to finance the final phase of commissioning the new mass production line for large format lithium-ion cells, its adaptation to larger lithium-ion cells type 17.300, as well as other costs related to its ramp-up, and to increase the company’s working capital in connection with the expansion of its production capacity and for general corporate purposes.

„Today’s approval was important as it will allow Leclanché to pursue its strategic development plans and take advantage of upcoming market opportunities,“ said Rolf Eckrodt, Chairman of the Board of Directors. „We will now consider the implementation of the planned capital increase to notably allow Leclanché to enter the growing market of energy storage at industrial scale with a „container“ solution.“