REG - CAP-XX Limited - Suspension of trading

CAP XXAnnouncement

27/03/2024 08:30

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RNS Number : 4954I  CAP-XX Limited  27 March 2024

27 March 2024

CAP-XX Limited

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

Suspension of trading

 

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of
supercapacitors and energy management systems, notes the London Stock
Exchange's (the "Exchange") Market Notice N04/24 released following the
suspension in trading of the Company's Ordinary Shares this morning.

 

The Notice makes the following statements:

 

1. the Exchange has been monitoring the settlement situation in CAP-XX
Limited (TIDM: CPX, ISIN: AU0000XINAS1) following the Company's recent
notification regarding a fundraise, part of which is conditional on
shareholder consent. As a result of the deterioration in settlement
performance, trading of CAP-XX Limited shares has been temporarily suspended
under Rule 1510 of the Rules of the London Stock Exchange. Settlement of
outstanding transactions can continue whilst the security is suspended. The
Exchange will continue to monitor the settlement situation and when trading is
to be restored, the market will be notified by Stock Exchange Notice.

2.  Rule 5000 (Obligation to settle) and its associated guidance places an
obligation on member firms to ensure that every on Exchange trade is duly
settled on the agreed settlement date. This obligation remains even if the
reason for non-settlement is a customer or counterparty having failed to
settle other transactions in the same security.

3.    Any queries on this Notice should be addressed to Market Supervision,
Market Regulation, telephone +44 (0)20 7797 3666 (STX 33666) option 2.

 

 

The Notice can be viewed at:
https://docs.londonstockexchange.com/sites/default/files/documents/n0424.pdf
(https://docs.londonstockexchange.com/sites/default/files/documents/n0424.pdf)

 

The suspension of trading in the Company's shares is not due to any action by
the Company.  Further, there is no action the Board can take to expedite the
matter.  The timing of restoration of trading in the Company's shares will be
determined by the Exchange.

 

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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