SIX Exchange Regulation initiates investigation of Leclanché SA for potential violation of the rules governing ad hoc publicity and reporting obligations.
SIX Exchange Regulation, a SIX Swiss Exchange Ltd body charged with the supervision and enforcement of issuer obligations, has initiated an investigation of Leclanché SA in response to the suspicion that Leclanché SA may have breached its obligations regarding ad hoc publicity and its reporting obligations. The investigation is being conducted in connection with the modalities of publication of changes in the composition of the company’s management board in winter 2007/2008 and spring 2008 respectively and of the company’s board of directors in summer 2009 (ad hoc publicity). Also under investigation is Leclanché’s failure to provide SIX Exchange Regulation with a copy of the resolution of the general meeting of shareholders of 26 June 2009 in due time (reporting obligations).
Investigatory proceedings will continue for an indefinite period. SIX Exchange Regulation will announce its findings, although no information will be provided while the proceedings are ongoing.