REG - CAP-XX Limited - Management and board changes

CAP-XXAnnouncement

07/01/2025 07:00

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RNS Number : 3106S  CAP-XX Limited  07 January 2025

7 January 2025

CAP-XX Limited

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

Management and board changes

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of
thin, prismatic supercapacitors and energy management systems, is pleased to
announce the appointment of Ariel Sivikofsky as Interim Chief Financial
Officer in a non-board capacity. Mr Sivikofsky will join the Company for an
initial period of six months with the intention that this role will become
permanent thereafter.

Mr Sivikofsky has more than 15 years' experience as a Chief Financial Officer
of both private and ASX listed companies and working in executive roles in
Australia and Europe. Mr Sivikofsky's most recent role was as Chief Financial
Officer of Netlinkz Limited, an ASX listed technology company. Other roles
include CFO of InvestorFirst currently known as Hub24 (ASX:HUB), Macquarie
Media Limited (ASX: MRN), Bova UK Specials Ltd, and Distributed Storage
Solutions Ltd. Mr Sivikofsky was also a senior director of Deloitte
Australia's Assurance and Finance Advisory practice. Mr Sivikofsky has a
Bachelor of Commerce, is a Fellow of Chartered Accountants Australia and New
Zealand and is a graduate member of the Australian Institute of Company
Directors.

CAP-XX also announces that Steen Feldskov will step down from his role as
Non-Executive Director following the Company's Annual General Meeting on 13
January 2025. Mr Feldskov will therefore not stand for re-election at that
meeting.

Lars Stegmann, Chief Executive Officer of CAP-XX, commented:

"We are delighted to welcome Ariel Sivikofsky to the CAP-XX team and I look
forward to working with him as we continue to grow the business.

On behalf of the Board, I would like to thank Steen for his significant
contribution over the past three years. His deep knowledge of electronic
component distribution has played a key role in strengthening CAP-XX's
international sales channels, enhancing the Company's global presence.  We
wish him every success in his future endeavours."

 

For further information contact:

CAP-XX Limited

Pat Elliott
(Chairman)
+61 (2) 9157 0000

Lars Stegmann (Chief Executive Officer)

 

Allenby Capital (Nominated Adviser and Broker)

David Hart/Piers Shimwell (Corporate Finance)
                                    +44 (0)
20 3328 5656

Jos Pinnington/Tony Quirke (Sales and Corporate Broking)

 

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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