CAP-XX Limited Extension of option term and Director/PDMR dealing (2209G)
May 25 2017 - 3:51AM
UK Regulatory
TIDMCPX
RNS Number : 2209G
CAP-XX Limited
25 May 2017
25 May 2017
CAP-XX Limited
("CAP-XX" or "the Company")
Extension of option term and Director/PDMR dealing
The Board of CAP-XX announces an extension to the expiry date
for a grant of existing options under the CAP-XX Limited Share
Option Plan ("CAP-XX Share Option Plan").
The Company currently has 25,325,000 options granted pursuant to
the CAP-XX Option Plan. 3,080,000 of these options were granted on
9 October 2013 (the "2013 Options"), had an exercise price of 8.5
pence and an original expiry date of 9 October 2017 and have not
subsequently been cancelled. One quarter of the 2013 Options vested
12 months following the date of grant, with the remainder vesting
1/48 each month following the date of grant. 320,833 2013 Options
have been granted but have not yet vested as at the date of this
announcement. The expiry date of the 2013 Options will now be 9
April 2018. All other terms relating to the 2013 Options remain
unchanged. The principal reason for the extension is to allow
option holders the ability to exercise the 2013 Options outside of
predetermined closed periods due to CAP-XX's financial reporting
timetable.
The 2013 Options were issued to the employees and senior
management of CAP-XX. The table below summarises the 2013 Options
granted to persons discharging managerial responsibilities (PDMR)
(or persons closely associated with them).
Directors/PDMR Total number Total number
of 2013 Options of 2013
granted Options
vested as
at 25 May
2017
--------------------------------- ---------------- -------------
Patrick Elliot (Non-executive
Chairman) 300,000 268,750
--------------------------------- ---------------- -------------
Bruce Grey (Non-executive
director) 300,000 268,750
--------------------------------- ---------------- -------------
Anthony Kongats (Chief
Executive Officer) 600,000 537,500
--------------------------------- ---------------- -------------
Michael Taylor (Chief Financial
Officer) 400,000 358,333
--------------------------------- ---------------- -------------
Pierre Mars (VP, Quality
& Applications) 400,000 358,333
--------------------------------- ---------------- -------------
The change to the expiry date of the 2013 Options is notifiable
pursuant to the EU Market Abuse Regulation. Notification and public
disclosure of transactions by persons discharging managerial
responsibilities and persons closely associated with them in
accordance with the requirements of the EU Market Abuse Regulation
can be found below.
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Patrick Elliot
--- -------------------------- ------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director - Non-Executive
Chairman
--- -------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name CAP-XX Limited
--- -------------------------- ------------------------------
b) LEI 213800HECUSIYXH3WN26
--- -------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------
a) Description of the Ordinary shares of no par
financial instrument, value each in CAP-XX Limited
type of instrument
Identification code Identification code (ISIN)
for CAP-XX Limited ordinary
shares: AU0000XINAS1
--- -------------------------- ------------------------------
b) Nature of the transaction Extension to expiry date
for grant of options over
300,000 ordinary shares
with an exercise price of
8.5p
--- -------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
8.5p exercise
price 300,000
--------------- ----------
--- -------------------------- ------------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
--- -------------------------- ------------------------------
e) Date of the transaction 25 May 2017
--- -------------------------- ------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Bruce Grey
--- -------------------------- ------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director - Non-Executive
--- -------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name CAP-XX Limited
--- -------------------------- ------------------------------
b) LEI 213800HECUSIYXH3WN26
--- -------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------
a) Description of the Ordinary shares of no par
financial instrument, value each in CAP-XX Limited
type of instrument
Identification code Identification code (ISIN)
for CAP-XX Limited ordinary
shares: AU0000XINAS1
--- -------------------------- ------------------------------
b) Nature of the transaction Extension to expiry date
for grant of options over
300,000 ordinary shares
with an exercise price of
8.5p
--- -------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
8.5p exercise
price 300,000
--------------- ----------
--- -------------------------- ------------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
--- -------------------------- ------------------------------
e) Date of the transaction 25 May 2017
--- -------------------------- ------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Anthony Kongats
--- -------------------------- ------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Director - Chief Executive
Officer
--- -------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name CAP-XX Limited
--- -------------------------- ------------------------------
b) LEI 213800HECUSIYXH3WN26
--- -------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------
a) Description of the Ordinary shares of no par
financial instrument, value each in CAP-XX Limited
type of instrument
Identification code Identification code (ISIN)
for CAP-XX Limited ordinary
shares: AU0000XINAS1
--- -------------------------- ------------------------------
b) Nature of the transaction Extension to expiry date
for grant of options over
600,000 ordinary shares
with an exercise price of
8.5p
--- -------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
8.5p exercise
price 600,000
--------------- ----------
--- -------------------------- ------------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
--- -------------------------- ------------------------------
e) Date of the transaction 25 May 2017
--- -------------------------- ------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Michael Taylor
--- -------------------------- ------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Chief Financial Officer
--- -------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name CAP-XX Limited
--- -------------------------- ------------------------------
b) LEI 213800HECUSIYXH3WN26
--- -------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------
a) Description of the Ordinary shares of no par
financial instrument, value each in CAP-XX Limited
type of instrument
Identification code Identification code (ISIN)
for CAP-XX Limited ordinary
shares: AU0000XINAS1
--- -------------------------- ------------------------------
b) Nature of the transaction Extension to expiry date
for grant of options over
400,000 ordinary shares
with an exercise price of
8.5p
--- -------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
8.5p exercise
price 400,000
--------------- ----------
--- -------------------------- ------------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
--- -------------------------- ------------------------------
e) Date of the transaction 25 May 2017
--- -------------------------- ------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- ------------------------------
1 Details of the person discharging managerial
responsibilities / person closely associated
--- ----------------------------------------------------------
a) Name Pierre Mars
--- -------------------------- ------------------------------
2 Reason for the notification
--- ----------------------------------------------------------
a) Position/status Vice President, Applications
& Quality
--- -------------------------- ------------------------------
b) Initial notification Initial notification
/Amendment
--- -------------------------- ------------------------------
3 Details of the issuer, emission allowance
market participant, auction platform, auctioneer
or auction monitor
--- ----------------------------------------------------------
a) Name CAP-XX Limited
--- -------------------------- ------------------------------
b) LEI 213800HECUSIYXH3WN26
--- -------------------------- ------------------------------
4 Details of the transaction(s): section to
be repeated for (i) each type of instrument;
(ii) each type of transaction; (iii) each
date; and (iv) each place where transactions
have been conducted
--- ----------------------------------------------------------
a) Description of the Ordinary shares of no par
financial instrument, value each in CAP-XX Limited
type of instrument
Identification code Identification code (ISIN)
for CAP-XX Limited ordinary
shares: AU0000XINAS1
--- -------------------------- ------------------------------
b) Nature of the transaction Extension to expiry date
for grant of options over
400,000 ordinary shares
with an exercise price of
8.5p
--- -------------------------- ------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------------- ----------
8.5p exercise
price 400,000
--------------- ----------
--- -------------------------- ------------------------------
d) Aggregated information N/A - single transaction
- Aggregated volume
- Price
--- -------------------------- ------------------------------
e) Date of the transaction 25 May 2017
--- -------------------------- ------------------------------
f) Place of the transaction Outside of trading venue
--- -------------------------- ------------------------------
For further information contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
Allenby Capital (Nominated Adviser and Broker)
David Hart / Alex Brearley (Corporate Finance) +44 (0) 20 3328 5656
More information is available at www.cap-xx.com
Notes to Editors:
CAP-XX (LSE: CPX) is a world leader in the design and
manufacture of thin, flat supercapacitors and energy management
systems used in portable and small-scale electronic devices, and
large supercapacitor based modules used in larger applications such
as automotive and renewable energy. The unique feature of CAP-XX
supercapacitors is their very high power density and high energy
storage capacity in a space-efficient prismatic package. These
attributes are essential in power-hungry consumer and industrial
electronics, and deliver similar benefits in automotive and other
transportation applications. For more information about CAP-XX,
visit www.cap-xx.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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