Leclanché S.A. (SIX Swiss Exchange: LECN), a Swiss company specialized in the production of large-format lithium-ion cells and energy storage solutions, announces the successful completion of its capital increase by raising gross proceeds of approximately CHF 28 million. This corresponds to 93% of the maximum transaction size. In total, Leclanché has issued a total of 2,148,238 new registered shares and 2,148,238 warrants at the offer price of CHF 13. Net proceeds from the issue amount to approximately CHF 25 million.
„After having made significant progress in 2011 on several fronts, the successful completion of this capital increase supports our ambition to become one of the leading providers for electric storage solutions based on large format lithium-Ion technology,“ said Dr. Ulrich Ehmes, CEO of Leclanché. He added: „We will now focus our efforts to complete, as planned, the installation and ramp-up of our mass production line for large-format lithium-ion cells, which is expected to commence commercial production by the end of the second quarter of 2012. At the same time we will pursue concrete business opportunities by providing energy storage solutions both in the home storage market as well for utilities and for the industrial generation of renewable energies.“
The 2,148,238 warrants sold in the offering will entitle the holders thereof to purchase up to 1,074,119 new registered shares at the strike price of CHF 16 per registered share at any time during the warrant exercise period which runs from February 6, 2012 until 12:00 noon (CEST) on August 6, 2012. The warrants are traded on the SIX Swiss Exchange as of February 6, 2012 until and including August 3, 2012.
The slow recovery of the global PV market continues into the second quarter. Jason Huang, research manager for EnergyTrend, a divisio.. more...