REG - CAP-XX Limited - Appointment of Director and Grant of Share Options

CAP-XXAnnouncement

12/04/2022 07:00

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RNS Number : 9996H  CAP-XX Limited  12 April 2022

12 April 2022

CAP-XX Limited

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

Appointment of Non-Executive Director

Grant of share options

CAP-XX Limited, a world leader in the design and manufacture of thin,
prismatic supercapacitors and energy management systems, is pleased to
announce the appointment, effective immediately, of Steen Feldskov as a
Non-Executive Director of the Company and considered by the Board to be
independent.

Mr Feldskov joins the CAP-XX board with nearly 40 years of experience working
in the electronics industry, with approximately half of that time involved in
the sale and marketing of electronic components and the remainder in senior
management roles for electronics companies.  He is currently the Country
Manager for the Danish office of Hamamatsu Photonics Deutschland GmbH, a
subsidiary of the Tokyo-listed Hamamatsu Photonics K. K. the Japanese
manufacturer of optical sensors, electric light sources, and other optical
devices.

Mr Feldskov received a Bachelor of Science degree in Electrical Engineering
from the University of Southern Denmark and a Bachelor of Commerce degree in
Marketing from the Copenhagen Business School, Denmark. Steen is also a Member
of the Danish Management Society.

 

Pat Elliott, Chairman of CAP-XX, said:

"CAP-XX welcomes Steen Feldskov as a Non-Executive Director. Steen brings
extensive and very relevant experience to the CAP-XX Board which will prove
invaluable as we further exploit the opportunities in numerous applications
for the CAP-XX supercapacitor technologies, especially IoT.

"The Board and management of CAP-XX are looking forward to working with Steen
as a member of the CAP-XX team".

 

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Steen Feldskov (aged 64)
holds, or has held in the past five years, the following directorships and
partnerships:

 

 Current directorships/partnerships                   Past directorships/partnerships
 Alfr. Andersson Og o. Sorensens Eftf. A/S (Denmark)  Coachr Holding ApS (Denmark)
 Andersson & Sorensen Holding A/S (Denmark)           Coachr ApS (Denmark)
 Fineman A/S (Denmark)

 

Steen Feldskov does not currently hold any ordinary shares in the Company.

 

Grant of share options and other matters

Upon Mr Feldskov's appointment as a Non-Executive Director, he has today been
granted a total of 2,300,000 options to subscribe for new ordinary shares (the
"Options"). The Options have been granted pursuant to the CAP-XX Limited Share
Option Plan at an exercise price of 5.60p per share. The Options have a life
of five years, with 25% of the Options vesting six months after the
anniversary of the grant date, with the remainder vesting in equal monthly
amounts of 1/48(th) from this date. Following today's grant, the Company will
have a total of 51,740,000 share options outstanding.

The FCA notification, made in accordance with the requirements of the UK
Market Abuse Regulation is appended below.

Under the terms of Mr Feldskov's letter of appointment, he may elect to be
issued with new ordinary shares in the Company, in lieu of some or all of his
director's fees. Pursuant to this arrangement, any such new ordinary shares
issued to Mr Feldskov would be issued at a price based on the daily volume
weighted average share price of the Company's ordinary shares on AIM over the
period from when the relevant director's fees were to be due for payment and a
date preceding the issue of such ordinary shares, via a similar process to
that which periodically occurs in respect of the issue of new ordinary shares
to certain of CAP-XX's other directors.

 

For further information contact:

 CAP-XX Limited                                        +61 (0) 2 9428 0139

 Anthony Kongats (CEO)

 Kreab (Financial PR)                                  +44 (0) 20 7074 1800

 Robert Speed

 Allenby Capital (Nominated Adviser and Joint Broker)  +44 (0) 20 3328 5656

 David Hart / Alex Brearley (Corporate Finance)

 Tony Quirke (Sales and Corporate Broking)

 Cenkos Securities plc (Joint Broker)                  +44 (0) 13 1220 6939

 Neil McDonald / Pete Lynch

 

More information is available at www.cap-xx.com (http://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 (http://www.cap-xx.com)

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them.

 1.    Details of the person discharging managerial responsibilities / person closely
       associated
 a)    Name                                                         Steen Feldskov (Non-Executive Director)
 2.    Reason for the Notification
 a)    Position/status                                              See 1a) above
 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 instrument, type of instrument  Ordinary shares of no par value each

       Identification code                                          Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
 b)    Nature of the transaction                                    Grant of new share options over 2,300,000 ordinary shares with an exercise
                                                                    price of 5.60p

 c)    Price(s) and volume(s)                                       Price(s)                 Volume(s)
                                                                    Exercise price of 5.60p  2,300,000 share options

 
 d)    Aggregated information:                                      N/A

       -Aggregated volume

       -Price
 e)    Date of the transaction                                      12 April 2022
 f)    Place of the transaction                                     Outside a trading venue

 

d)

Aggregated information:

-Aggregated volume

-Price

N/A

e)

Date of the transaction

12 April 2022

f)

Place of the transaction

Outside a trading venue

 

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