REG - CAP-XX Limited - Result of AGM and Directorate Change

CAP XXAnnouncement

03/11/2023 09:15

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RNS Number : 3381S  CAP-XX Limited  03 November 2023

 

 

 

3 November 2023

 
CAP-XX Limited

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

 

Result of AGM and Directorate Change

 

CAP-XX Limited, a world leader in the design and manufacture of
supercapacitors and energy management systems, announces that at the Company's
Annual General Meeting ("AGM") held earlier today, the results of the
resolutions put to shareholders are as follows:-

 

Resolution 1 :- Re-election of Director - Mr Bruce Grey.

 

This resolution was not supported by the shareholders and Bruce has ceased to
be a Director of the Company as at the close of the AGM. Given this result,
where it is able to, the Board will seek to engage with those shareholders who
are understood to have voted against Resolution 1, to understand their views
and/or any specific concerns. The Directors are reviewing the short to medium
term composition of CAP-XX's Board and the market will be updated when further
decisions have been made.

 

Based on the initial advice received, under the Board's existing composition,
the Board understands that it is able to continue to run and operate the
Company in the normal way.  However, the Board will need to appoint Directors
who are Australian residents as a matter of importance.

 

Resolution 2 :- Dilution Policy - re-set the date

 

This resolution has been passed and the Dilution Policy date has been reset to
today's date.

 

 

For further information contact:

 

CAP-XX Limited

Pat Elliott
(Chairman)
+61 (0) 2 9428 0139

Lars Stegmann (Chief Executive Officer)

 

Kreab (Financial PR)

Robert
Speed
+44 (0) 20 7074 1800

 

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

 

 

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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