CAP-XX Limited Issue of Shares and Director/PDMR Shareholdings (6426V)
December 05 2023 - 1:00AM
UK Regulatory
TIDMCPX
RNS Number : 6426V
CAP-XX Limited
05 December 2023
5 December 2023
CAP-XX Limited
("CAP-XX" or the "Company")
Issue of Shares and Director/PDMR Shareholdings
Notification of transactions by persons discharging managerial
responsibilities
Consistent with the Company's previous announcements regarding
the issue of ordinary shares in lieu of certain directors'
salaries, and in line with the Company's ongoing strategy to
preserve its cash resources, CAP-XX announces that it has today
issued 4,173,369 ordinary shares of no par value in the Company
("New Ordinary Shares"), in lieu of certain salaries for directors
and a former director. The New Ordinary Shares have been issued at
a price of 1.90 pence representing the daily volume weighted
average share price of the Company's ordinary shares on AIM between
1 July 2022, being the date on which the directors' salaries were
due for payment and 30 November 2023.
The New Ordinary Shares being issued have been allocated to the
following directors of CAP-XX:
Director New Ordinary Total number % of enlarged
Shares issued of ordinary ordinary
at 1.90p shares now share capital
held now held
Patrick Elliott (Non-executive
Chairman) 1,391,123 14,364,421 1.99%
--------------- ------------- ---------------
Steen Feldskov (Non-executive
director) 1,391,123 1,816,123 0.25%
--------------- ------------- ---------------
In addition, 1,391,123 New Ordinary Shares have been allocated
to Bruce Grey, a former director of the Company.
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 11 December 2023. Following
Admission, the Company's issued share capital will consist of
720,188,327 ordinary shares of no par value. The above figure
(720,188,327) 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 Guidance and Transparency Rules.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the requirements of the EU
Market Abuse Regulation (which forms part of Domestic UK Law
pursuant to the European Union (Withdrawal) Act 2018) can be found
below.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Patrick Elliott
-------------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director - Non-Executive Chairman
-------------------------------- ---------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name CAP-XX Limited
-------------------------------- ---------------------------------------
b) LEI 213800HECUSIYXH3WN26
-------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each in CAP-XX Limited
Identification code
Identification code (ISIN) for CAP-XX
Limited ordinary shares: AU0000XINAS1
-------------------------------- ---------------------------------------
b) Nature of the transaction Shares issued in lieu of salary
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.90 pence 1,391,123
per ordinary ordinary
share shares
----------
-------------------------------- ---------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 1,391,123 ordinary shares were issued
- Price at 1.90 pence per ordinary share
-------------------------------- ---------------------------------------
e) Date of the transaction 5 December 2023
-------------------------------- ---------------------------------------
f) Place of the transaction Outside of trading venue - issue
of new ordinary shares
-------------------------------- ---------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Steen Feldskov
-------------------------------- ---------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------
a) Position/status Director - Non-Executive Director
-------------------------------- ---------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- ---------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-------------------------------------------------------------------------
a) Name CAP-XX Limited
-------------------------------- ---------------------------------------
b) LEI 213800HECUSIYXH3WN26
-------------------------------- ---------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-------------------------------------------------------------------------
a) Description of the financial Ordinary shares of no par value
instrument, type of instrument each in CAP-XX Limited
Identification code
Identification code (ISIN) for CAP-XX
Limited ordinary shares: AU0000XINAS1
-------------------------------- ---------------------------------------
b) Nature of the transaction Shares issued in lieu of salary
-------------------------------- ---------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
1.90 pence 1,391,123
per ordinary ordinary
share shares
----------
-------------------------------- ---------------------------------------
d) Aggregated information Single transaction as in 4 c) above.
- Aggregated volume 1,391,123 ordinary shares were issued
- Price at 1.90 pence per ordinary share
-------------------------------- ---------------------------------------
e) Date of the transaction 5 December 2023
-------------------------------- ---------------------------------------
f) Place of the transaction Outside of trading venue - issue
of new ordinary shares
-------------------------------- ---------------------------------------
For further information contact:
CAP-XX Limited
Pat Elliott (Chairman) +61 (2) 9157 0000
Lars Stegmann (Chief Executive Officer)
Allenby Capital (Nominated Adviser and Joint Broker)
David Hart / Piers Shimwell (Corporate Finance) +44 (0) 20 3328
5656
Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)
Cavendish Securities plc (Joint Broker)
Neil McDonald / Pearl Kellie +44 (0) 13 1220 6939
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
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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