2020

01.05.2020 – Leclanché S.A.

Leclanché announces the deferral of the publication of its 2019 annual report

Leclanché SA / Key word(s): Interim Report
Leclanché announces the deferral of the publication of its 2019 annual
report

01-May-2020 / 06:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Leclanché announces the deferral of the publication of its 2019 annual
report


YVERDON-LES-BAINS, Switzerland, May 1st, 2020 - Leclanché requested and has
been granted an extension by SIX Exchange Regulation AG of the regulatory
deadline for the publication of its 2019 annual report, from April 30th,
2020 to June 15th, 2020.

Leclanché encountered several obstacles in the finalization of its 2019
annual report including:

- The late substitution of a planned debt-to-equity conversion in order to
remedy an over-indebtedness situation prior to the finalization of the 2019
financial statements with a subordination of the same amount of debt owed to
FEFAM [1] as well as negotiations to obtain commitments from potential
investors, prevented Leclanché from finalizing the going concern statement
of its 2019 annual report and held up several audit tasks.

- The Covid-19 situation significantly slowed down the work at Leclanché
relating to the audit, because the employees involved in the preparation of
the financial statements had to work from home (which complicated access to
certain information) and had additional workload in the Covid-19 Situation,
thus preventing the finalization of Company's key financial figures.

The Company is working hard to close the remaining outstanding items with
its auditors and Board of Directors and remains confident that it will be
able to publish its 2019 annual report before or on June 15th, 2020.

In its decision of April 29th, 2020, SIX Exchange Regulation AG requested
Leclanché to insert the below excerpt in this press release:

"The exemption application of Leclanché SA (Issuer) dated April 24th, 2020
requesting an extension of the deadline to publish its 2019 annual report
and to file such report with SIX Exchange Regulation AG until June 15th,
2020 at the latest is granted with the following reservation (lit. a) and
under the following conditions (lit. b):

a. SIX Exchange Regulation AG reserves the right to suspend trading of the
registered shares of the Issuer in case its 2019 annual report is not
published in accordance with the provisions on ad hoc publicity (Art. 53 of
the Listing Rules [LR] in connection with the Directive on Ad hoc Publicity
[DAH]) and not filed with SIX Exchange Regulation AG until Monday, June 15th,
2020, 11.59 pm CET, at the latest.

b. Leclanché SA is required to publish a notice in accordance with the
provisions on ad hoc publicity (art. 53 LR in connection with the DAH)
concerning this decision until Monday, May 4th, 2020, 7.30 am CET, at the
latest. The notice must contain:

- the unaltered reproduction of the wording of para. I. of this decision,
placed in a prominent position;

- the reasons for the application of the Issuer requesting an extension of
the deadline to publish its 2019 annual report and to file such report with
SIX Exchange Regulation AG.

c. Leclanché SA is required to publish a notice in accordance with the
provisions on ad hoc publicity (art. 53 LR in connection with the DAH)
concerning this decision until Monday, May 18th, 2020, 7.30 am CET, at the
latest. The notice must contain the unaudited key figures such as net
revenues, EBITDA, EBIT, profit/loss, balance sheet total, equity etc. for
the annual results 2019."


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

* * * * *

About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of
high-quality energy storage solutions designed to accelerate our progress
towards a clean energy future. Leclanché's history and heritage is rooted in
over 100 years of battery and energy storage innovation and the Company is a
trusted provider of energy storage solutions globally. This coupled with the
Company's culture of German engineering and Swiss precision and quality,
continues to make Leclanché the partner of choice for both disruptors,
established companies and governments who are pioneering positive changes in
how energy is produced, distributed and consumed around the world. The
energy transition is being driven primarily by changes in the management of
our electricity networks and the electrification of transport, and these two
end markets form the backbone of our strategy and business model. Leclanché
is at the heart of the convergence of the electrification of transport and
the changes in the distribution network. Leclanché is the only listed pure
play energy storage company in the world, organised along three business
units: stationary storage solutions, e-Transport solutions and specialty
batteries systems. 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 contacts:
   Europe/global:                          North America:
   Desiree Maghoo T: +44 (0) 7775 522      Rick Anderson T:
   740 E-mail:                             +1-718-986-1596 Henry Feintuch
   dmaghoo@questorconsulting.com           T: +1-212-808-4901 E-mail:
                                           [1]leclanche@feintuchpr.com  1.
                                           mailto:leclanche@feintuchpr.com
   Switzerland: Thierry Meyer T: +41       Germany: Christoph Miller T:
   (0) 79 785 35 81 E-Mail:                +49 (0) 711 947 670 E-mail:
   [1]tme@dynamicsgroup.ch  1.             [1]christoph.miller@sympra.de
   mailto:tme@dynamicsgroup.ch             1.
                                           mailto:christoph.miller@sympra.
                                           de
   Investor Contacts: Anil Srivastava /
   Hubert Angleys T: +41 (0) 24 424 65
   00 E-mail:
   [1]invest.leclanche@leclanche.com
   1.
   mailto:invest.leclanche@leclanche.co
   m
[1] FEFAM means: AM INVESTMENT SCA, SICAV-SIF - Illiquid Assets Sub-Fund,
together with FINEXIS EQUITY FUND - Renewable Energy Sub-Fund, FINEXIS
EQUITY FUND - Multi Asset Strategy Sub-Fund, FINEXIS EQUITY FUND - E Money
Strategies Sub-Fund (also called Energy Storage Invest) and, all these funds
being in aggregate the main shareholder of Leclanché, hereunder referred to
as "FEFAM".


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End of ad hoc announcement

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