REG - CAP-XX Limited - Issue of Shares and Director/PDMR Shareholdings

CAP XXAnnouncement

05/12/2023 07:15

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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 Shares issued at 1.90p  Total number of ordinary shares now held  % of enlarged ordinary share capital 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 instrument, type of instrument  Ordinary shares of no par value 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 per ordinary share  1,391,123 ordinary shares
 d)   Aggregated information                                       Single transaction as in 4 c) above.  1,391,123 ordinary shares were issued

                                                            at 1.90 pence per ordinary share
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      5 December 2023
 f)   Place of the transaction                                     Outside of trading venue - issue of new ordinary shares

d)

Aggregated information

- Aggregated volume

- Price

Single transaction as in 4 c) above.  1,391,123 ordinary shares were issued
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 instrument, type of instrument  Ordinary shares of no par value 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 per ordinary share  1,391,123 ordinary shares
 d)   Aggregated information                                       Single transaction as in 4 c) above.  1,391,123 ordinary shares were issued

                                                            at 1.90 pence per ordinary share
      - Aggregated volume

      - Price
 e)   Date of the transaction                                      5 December 2023
 f)   Place of the transaction                                     Outside of trading venue - issue of new ordinary shares

d)

Aggregated information

- Aggregated volume

- Price

Single transaction as in 4 c) above.  1,391,123 ordinary shares were issued
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 (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)

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