CAP-XX Limited Subscription to raise £2.43 million (9301U)
January 24 2017 - 1:00AM
UK Regulatory
TIDMCPX
RNS Number : 9301U
CAP-XX Limited
24 January 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014
("MAR"). IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE
MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT
CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL
THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
24 January 2017
CAP-XX Limited
("CAP-XX" or the "Company")
Subscription to raise GBP2.43 million
CAP-XX, a world leader in supercapacitors, is pleased to
announce that the Company has raised gross proceeds of GBP2.43
million, by way of a subscription (the "Subscription") of a total
of 27,000,000 new ordinary shares (the "Subscription Shares") at a
price of 9 pence per share (the "Subscription Price"). The
Subscription Shares are to be issued within the Company's existing
share allotment authorities, in line with CAP-XX's dilution policy
which was approved by shareholders on 29 November 2016.
The proceeds of the Subscription will be used to accelerate a
number of projects.
Application has been made to the London Stock Exchange for the
Subscription Shares to be admitted to trading on AIM ("Admission").
It is expected that Admission will become effective and dealings in
the Subscription Shares will commence at 8:00 am on 30 January
2017.
The Subscription Shares will be issued credited as fully paid
and will rank in full for all dividends and other distributions
declared, made or paid in respect of the Company`s ordinary shares
("Ordinary Shares") after the date of Admission and will otherwise
rank pari passu in all respects with the Company's existing
Ordinary Shares.
The enlarged issued share capital of the Company following the
issue of the Subscription Shares will be 297,704,833 Ordinary
Shares with voting rights. The Company does not hold any Ordinary
Shares in Treasury.
Following Admission, the above figure of 297,704,833 Ordinary
Shares may be used by shareholders in the Company as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or change to their
interest in, the share capital of the Company under the Disclosure
and Transparency Rules.
Commenting on the Subscription, Anthony Kongats, Chief Executive
of CAP-XX said, "We are delighted with the support provided to the
company at this exciting time for the development of our
supercapacitor business, which will enable us to accelerate a
number of development opportunities."
For further information, please contact:
CAP-XX Limited
Anthony Kongats (Chief Executive +61 (0) 2 9428
Officer) 0139
Allenby Capital Limited (Nominated
Adviser and Broker)
+44 (0) 20 3328
David Hart / Alex Brearley 5656
Kreab (Financial PR)
+44 (0) 20 7074
Robert Speed 1800
Notes to editors
About CAP-XX
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
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