Appointment of Non Exec Director

RNS Number : 2201M

CAP-XX Limited

12 August 2011

 



 

CAP-XX Limited

(the "Company" or "CAP-XX")

Appointment of Non-executive Director

CAP-XX is pleased to announce that Patrick Elliot has joined the Board as a Non-executive Director with immediate effect.

Patrick J D Elliott, BCom, MBA, CPA, is a company director with 40 years experience in investment and corporate management. His early career was at Consolidated Gold Fields Australia Limited and covered investment analysis, management and marketing.  In 1979 he went into investment banking and became Head of Corporate Finance for Morgan Grenfell Australia Limited in 1982.  Pat subsequently became Managing Director of Natcorp Investments Ltd in 1986 which owned Hendersons Industries Limited, a manufacturer of automotive components. After its takeover he became an active early stage venture capital investor.

Patrick will be joining the Cap-XX Remuneration Committee and the Audit Committee. He currently has an interest in 800,000 ordinary shares in the Company through his 50% shareholding in Panstyn Investments Pty Ltd. A full list of his current directorships is listed below.

Michael Quinn, Chairman said "We are delight that Patrick is joining the board of CAP-XX.  His considerable experience of financial markets and the automotive components industry will be valuable as we develop additional markets for our supercapacitor product."

Disclosures under Schedule 2 of the AIM Rules

Patrick James Dymock Elliott, aged 59, is or has been a director of the following companies during the previous five years:

Current Directorships:

Argonaut Resources NL Australia Oriental Minerals NL Buxbas Pty Ltd Cantarella Bros Pty Ltd Global Geoscience Limited Kelaray Pty Ltd Magnesium Developments Pty Ltd Magnesium Holdings Pty Ltd Magnesium Inernational (No 2) Pty Ltd Meerkat Energy Pty Ltd Mining Exploration Australia Pty Ltd. Myrtle Invetsments Pty Ltd Niue Mining Pty Ltd Notvan Pty Ltd Panstyn Investments Pty Ltd Platsearch NL Samag Pty Ltd Southern Tanami Exploration Pty Ltd Stevenson Group Limited Tamboran Resources Pty Ltd Yeronda Nominees Pty Ltd.

Directorships held within the previous five years:

Acuvax Limited Barbed Wire Holdings Pty Ltd Cabstar Pty Ltd EOE (NO.75) Pty Ltd Gresco Nominees Pty Ltd Heritage Gold NZ Limited MIL Resources Limited Mining Exploration Pty Ltd Natcorp Nominees Pty Ltd Old Otto Pty Ltd SAPEX Limited Silver City Minerals Limited Telminex NL

For further information, please contact

CAP-XX Limited Anthony Kongats, Chief Executive Officer	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) Nandita Sahgal/Catherine Leftley (Corporate Finance) David Banks/Paul Jewell (Corporate Broking)	[phone]
Kreab Gavin Anderson & Company (Financial PR) Robert Speed, Deborah Walter, Anthony Hughes	[phone]

Notes to Editors:

CAP-XX is a world leader in the design and manufacture of thin form supercapacitors and energy management systems, predominantly for portable electronic devices.

The unique feature of CAP-XX's supercapacitors is their ability to store high volumes of energy and output high power levels within a thin form design.  These attributes will be critical for the next generation of high volume, power-hungry portable electronic devices, including mobile phones.

Portable devices are one of the fastest growing segments of the electronics market and provide the greatest opportunities for CAP-XX's products.  CAP-XX's products are already an established enabling technology for the current generation of wireless devices and portable devices. 

 

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