REG - CAP-XX Limited - Litigation Settlement Agreement with Tesla, Inc

CAP XXAnnouncement

21/03/2024 09:00

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RNS Number : 7783H  CAP-XX Limited  21 March 2024

 

Dissemination of a Regulatory Announcement that contains inside information
for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit)
Regulations 2019/310.

 

21 March 2024

CAP-XX Limited

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

Litigation Settlement Agreement with Tesla, Inc

 

Further to the Company's Litigation Update announcement on 14 March 2024,
CAP-XX Limited announces that a settlement agreement (the "Settlement
Agreement") has been signed with Tesla, Inc.

The effect of the Settlement Agreement is to settle all litigation matters
with Maxwell/Tesla.

Whilst the terms of the Settlement Agreement are confidential, they do not
involve payments to Tesla that the Board of CAP-XX considers to be material to
the Company.

 

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

 

 

Notes to Editors:

CAP-XX (LSE: CPX) is a 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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