CAP-XX Limited Issue of Shares (0927X)
August 25 2020 - 5:21AM
UK Regulatory
TIDMCPX
RNS Number : 0927X
CAP-XX Limited
25 August 2020
25 August 2020
CAP-XX Limited
("CAP-XX" or the "Company")
Issue of Shares
Consistent with the Company's previous announcements regarding
the issue of ordinary shares in lieu of certain directors' salaries
and contractor payments, and in line with the Company's ongoing
strategy to preserve its cash resources, CAP-XX announces that it
has today issued 2,186,612 ordinary shares of no par value in the
Company ("New Ordinary Shares"), in lieu of a consultant's project
management and consultancy fees related to the Company's
installation of the production lines which it acquired from Murata
Manufacturing Co., Ltd of Japan. The New Ordinary Shares have been
issued at a price of 3.571p, representing the daily volume weighted
average price between 5 May 2020, being the date on which the
project management commenced and 19 August 2020 when the scope of
works was successfully completed.
Application will be made for the New Ordinary Shares to be
admitted to trading on AIM ("Admission") and it is expected that
Admission will occur on or around 3 September 2020. Following
Admission, the Company's issued share capital will consist of
442,115,811 ordinary shares of no par value. The above figure
(442,115,811) may be used by shareholders as the denominator for
the calculations by which they can determine if they are required
to notify their interest in, or a change to their interest in the
Company, under the Disclosure and Transparency Rules.
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
Tony Quirke (Sales)
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 to
an increasing extent, 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
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END
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August 25, 2020 05:21 ET (09:21 GMT)
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