Brief: Leclanche: Updates On Strategic Company Reorganization

Leclanche SA

15/09/2020 05:56

Sept 15 (Reuters) - Leclanche SA  LECN.S :
    * PROVIDES UPDATES ON THE STRATEGIC COMPANY REORGANIZATION
ANNOUNCED IN JUNE
    * CHF 61 MILLION OF DEBT CONVERSION INTO EQUITY RESULTING IN
A
RECORD LOW LEVEL OF DEBT
    * TWO STANDALONE OPERATING COMPANIES, ETRANSPORT SOLUTIONS
AND
STATIONARY STORAGE SOLUTIONS, TO BE CARVED OUT AND OPERATE UNDER
LECLANCHÉ S.A. GROUP
    * BRIDGE LOAN INTERIM FINANCING FACILITY OF CHF 34 MILLION
PROVIDED BY LARGEST SHAREHOLDER TO COMPLETE ONGOING
REORGANIZATION
    * FIRST DRAWDOWN OF CHF 4.5 MILLION WAS RECEIVED ON 11^TH
SEPTEMBER 2020
    * LECLANCHÉ AND ENERIS GROUP REASSESSING ALL AGREEMENTS
ANNOUNCED
ON 2^ND JUNE 2020

Source text for Eikon:  ID:nEQc9LhDta 
Further company coverage:  LECN.S 

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