Swiss financial regulators are to delist all registered shares of energy storage company Leclanché in the latest blow for the troubled firm.
The issuers committee of SIX Exchange Regulation, which regulates and monitors exchange participants and issuers on the Swiss Stock Exchange, announced the move on October 15 — after Leclanché missed a final deadline to publish its long-delayed annual report.
Batteries International reported last month that Leclanché had filed a “precautionary” insolvency application for its two German subsidiaries, Leclanché GmbH and Leclanché Services GmbH, saying both units faced a cash shortfall.
In its decision, SIX said the trading of shares in the Leclanché group will remain suspended until the announcement of definitive delisting. Following that announcement, there will be a three-month period during which trading will resume before the final trading day on the SIX Swiss Exchange.
The brief trading period allows shareholders to exit on‑exchange before the listing is formally removed.
Leclanché, which has 20 days to appeal the decision, said it continues to pursue short-term funding solutions to support the group’s going-concern requirements.
The firm said it is in active discussions with customers that have indicated a willingness to provide further support, as well as with strategic partners and potential investors.
Leclanché said: “The company’s customer order book remains strong and has grown in recent months. While Leclanché maintains a positive long-term outlook, it continues to face significant short-term financing, cash and production-capacity constraints. The company is working closely with partners to address its funding needs.”
