Announces Extension of Publication Deadline for 2024 Interim Results Due to Ongoing Due Diligence with Pinnacle International Capital

Ad hoc announcement pursuant to Art. 53 LR

Leclanché Announces Extension of Publication Deadline for 2024 Interim Results Due to Ongoing Due Diligence with Pinnacle International Capital

YVERDON-LES-BAINS, Switzerland, October 1st, 2024 – In its decision of September 30, 2024, SIX Exchange Regulation AG approved an extension of the publication deadline of Leclanché’s (SIX: LECN) 2024 semi-annual report until October 31^st, 2024.

The Company has requested an extension of the deadline for releasing its 2024 semi-annual report due to an extensive ongoing due diligence process with Pinnacle International Capital in the context of securing a significant expansion funding opportunity. While this investment is a key strategic initiative for Leclanché’s future growth, it has drawn considerable internal resources from the Company’s finance team as well as other departments. As part of the discussions with Pinnacle, the internal teams are working on the support for the due diligence process, as well as on the establishment of a business plan for the potential joint venture with Pinnacle and all of the preparatory work for any potential restructuring requirement for the new shareholding structure post finalisation of the due diligence condition precedent.

In its decision of September 30, 2024, SIX Exchange Regulation AG requested Leclanché to insert the below excerpt in this ad hoc announcement:

I. The exemption request of Leclanché (Issuer) dated 27 September 2024 regarding an extension of the deadline to publish its 2024 semi-annual report and to file such report with SIX Exchange Regulation AG until 31 October 2024 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 2024 semi-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 Thursday, 31 October 2024, 11.59 pm CET, at the latest.
b. Leclanché is required to publish a notice in accordance with the provisions on ad hoc publicity concerning this decision until Tuesday, 01 October 2024, 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 2024 semi-annual report and to file such report with SIX Exchange Regulation AG.
 
For more information, write to info@leclanche.com or visit www.leclanche.com.

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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 contacts: 
 

Switzerland / Europe:  Thierry Meyer  T: +41 (0) 79785 35 81  E-mail: tme@dynamicsgroup.ch	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