CAP-XX Limited Issue of Shares (2938X)
05 May 2016 - 4:00PM
UK Regulatory
TIDMCPX
RNS Number : 2938X
CAP-XX Limited
05 May 2016
5 May 2016
CAP-XX Limited
("CAP-XX" or the "Company")
Issue of Shares
Consistent with the Company's previous announcements on 30
October 2014, 2 June 2015 and 8 December 2015 and in-line with its
ongoing strategy to preserve its cash resources, CAP-XX announces
that it has today issued 1,132,932 ordinary shares of no par value
in the Company ("New Ordinary Shares"), in lieu of certain
directors' salaries and a consultant's fee. The New Ordinary Shares
have been issued at a price of 3.675p, representing the daily
volume weighted average price between 1 January 2016, being the
date on which the directors' salaries and consultant fees were due
for payment and 28 April 2016.
The New Ordinary Shares being issued in lieu of director
salaries have been allocated to the following directors of
CAP-XX:
Director New Ordinary Total number % of enlarged
Shares issued of ordinary ordinary
at 3.675p shares now share capital
held
------------------------------- --------------- ------------- ---------------
Patrick Elliot (Non-executive
director) 326,528 5,480,802 2.03%
------------------------------- --------------- ------------- ---------------
Bruce Grey (Non-executive
director) 326,528 3,652,620 1.35%
------------------------------- --------------- ------------- ---------------
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 10 May 2016. Following Admission,
the Company's issued share capital will consist of 270,171,965
ordinary shares of no par value. The above figure (270,171,965) 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
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
IOEEAXSLESFKEFF
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