REG - CAP-XX Limited - Placing to raise £1.0 million <Origin Href="QuoteRef">CAPX.L</Origin>

CAP XXAnnouncement

15/07/2015 16:52

RNS Number : 7112M
CAP-XX Limited
11 May 2015
11 May 2015 
CAP-XX Limited
("CAP-XX" or the "Company")
Placing to raise 1.0 million
Further to the announcement on 5 May 2015, the Board of CAP-XX is pleased to announce that the Company has raised gross proceeds of 1.0 million, by way of a placing (the "Placing") of a total of 30,769,231 new ordinary shares of no par value (the "Placing Shares") at a price of 3.25 pence per share (the "Placing Price"). The proceeds of the Placing will be used for general working capital purposes.
Application has been made to the London Stock Exchange for the Placing Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence at 8:00 am on 14 May 2015. 
The Placing 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 of no par value each ("Ordinary Shares") after the date of Admission and will otherwise rank pari passu in all respects with the Company`s existing Ordinary Shares. The Placing was conducted by Allenby Capital Limited.
The enlarged issued share capital of the Company following the issue of the Placing Shares will be 266,996,596 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury. 
Following Admission, the above figure of 266,996,596 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 Placing, Anthony Kongats, CEO of CAP-XX said, "We are very pleased with the further support and commitment which we have received from investors for this financing. This will assist in acceleration of the commercial roll-out of both our new range of Thinline supercapacitors and our large automotive product."
For further information, please contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer)
+61 (0) 2 9428 0139
Allenby Capital Limited (Nominated Adviser and Broker)
David Hart/Alex Brearley
+44 (0) 20 3328 5656
Kreab (Financial PR) 
Robert Speed 
+44 (0) 20 7074 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
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