Leclanché S.A. (SIX Swiss Exchange: LECN), a Swiss company specialized in the production of large-format lithium-ion cells and energy storage solutions, expects to receive gross proceeds of approximately CHF 28 million from the capital increase. The subscription period ended on February 1, 2012 at 12:00 noon (CET). In total, 2,611,014 subscription rights corresponding to 1,865,010 new registered shares and 1,865,010 warrants were exercised. Together with the additional registered shares and warrants that have been purchased in the share and warrant offering, Leclanché will issue a total of 2,148,238 new registered shares and 2,148,238 warrants at the offer price of CHF 13. Net proceeds are expected to be approximately CHF 24.9 million.
The listing and first trading day of the new registered shares and the warrants on SIX Swiss Exchange is expected to be February 6, 2012. Delivery of the new registered shares and the warrants against payment of the offer price is expected to occur on February 6, 2012.
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 is expected to run from February 6, 2012 until 12:00 noon (CEST) on August 6, 2012. The warrants are expected to be traded on SIX Swiss Exchange from February 6, 2012 until and including August 3, 2012.
