REG - CAP-XX Limited - Update on litigation

CAP XXAnnouncement

14/03/2024 07:00

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RNS Number : 7847G  CAP-XX Limited  14 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.

 

14 March 2024

CAP-XX Limited

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

Update on litigation

 

Further to the Company's announcement on 28 February 2024, CAP-XX Limited
('the Company'), a world leader in the design and manufacture of
supercapacitors and energy management systems, provides the following update.

Maxwell will be applying to the Court for a further extension of time to lodge
an application for a claim of costs against CAP-XX before the end of the
current week. To emphasise, this filing is purely procedural and does not
substantively impact CAP-XX. Maxwell and CAP-XX have an agreement in principle
and are in final negotiations to ensure that this issue and all litigation
matters with Maxwell/Tesla are resolved as soon as possible. These
negotiations are anticipated to be completed in the coming weeks.

 

 

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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