Issue of Shares

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 Shares issued at 3.675p

Total number of ordinary shares now held

% of enlarged ordinary share capital

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
 
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