REG - CAP-XX Limited - Retirement of CFO

CAP XXAnnouncement

12/03/2024 07:15

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RNS Number : 4004G  CAP-XX Limited  12 March 2024

 

 

12 March 2024

CAP-XX Limited

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

Retirement of CFO

 

CAP-XX Limited ('the Company'), a world leader in the design and manufacture
of supercapacitors and energy management systems, announces that Mike Taylor
has decided to retire from his role as Chief Financial Officer of the Company
and will be leaving CAP-XX on 15 March 2024.

Mr Taylor's responsibilities will be assumed by Ruvina Dissanayake who joined
the Company as Financial Controller on 11 March 2024.  Ms Dissanayake has a
wealth of finance and accounting experience in a range of businesses,
including those in the pharmaceutical, mining, construction and tertiary
education sectors.

Mr Taylor's responsibilities as Company Secretary will be assumed by a
consultant to CAP-XX, which the Board believes better suits the size of the
Company and the requirements of the role.

Commenting on the retirement of Mike Taylor, Lars Stegmann, Chief Executive
Officer of CAP-XX said: "The board would like to thank Mike for his many years
of service to the Company.  We wish him an enjoyable retirement.  We are
delighted that Ruvina has joined the CAP-XX team and I look forward to working
with her as she gets to know the CAP-XX business".

 

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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