29 November 2024
CAP-XX
Limited
("CAP-XX" or "the
Company")
Directors'
Subscription
Total voting
rights
CAP-XX Limited (AIM:CPX), a world
leader in the design and manufacture of thin, prismatic
supercapacitors and energy management systems, announces an update
on the subscription for new ordinary shares in the Company by
certain directors of the Company (the "Directors' Subscription"), details of
which were set out in the announcement of the Company's recent
fundraise on 31 October 2024 (the "Launch Announcement").
Following the publication of the
annual report and accounts for the financial year ended 30 June
2024, Dr Graham Cooley and Peter Fraser (the "Participating Directors") have
conditionally subscribed for a total of approximately £0.25m
(before expenses) of new Ordinary Shares pursuant to the Directors'
Subscription. The Directors' Subscription will result in the issue
and allotment of a total of 227,272,700 new Ordinary Shares (the
"Subscription Shares") and
is being carried out at the same issue price of 0.11 pence and
substantially identical terms as those of the Placing. Details of
the number of Subscription Shares being subscribed for and the
resultant holdings of the Participating Directors are set out
below.
|
Director
|
Current holding of Ordinary
Shares
|
Number of
Subscription Shares being subscribed for
|
Resultant holding of
Ordinary Shares
|
Percentage of enlarged share
capital* (%)
|
|
Dr Graham Cooley
|
355,000,000
|
218,181,800
|
573,181,800
|
9.98%
|
|
Peter Fraser
|
-
|
9,090,900
|
9,090,900
|
0.16%
|
|
Total
|
355,000,000
|
227,272,700
|
582,272,700
|
|
* the current issued share capital
of 3,357,210,402 Ordinary Shares as enlarged by the 1,908,743,235
Second Placing Shares, the Subscription Shares and the 250,000,000
Retail Offer Shares.
The FCA notification, made in
accordance with the requirements of the UK Market Abuse Regulation,
is appended further below.
Related Party Transaction
Dr Graham Cooley is a substantial
shareholder and director of the Company and Peter Fraser is a
director of the Company. Therefore the Participating Directors are
deemed to be related parties pursuant to the AIM Rules for
Companies (the "AIM
Rules").
The Directors' Subscription
constitutes a related party transaction in accordance with Rule 13
of the AIM Rules. Accordingly, the independent Directors (being
Patrick Elliot, Steen Feldskov, Dr Anthony Sive and Lars Stegmann)
consider, having consulted with the Company's Nominated Adviser,
Allenby Capital Limited, that the terms of the Directors'
Subscription are fair and reasonable insofar as the Company's
shareholders are concerned.
Application for admission to trading on AIM and total voting
rights
Application has been made for the
Subscription Shares to be admitted to trading on AIM and it is
anticipated that this will take place at 8.00 a.m. on or around 9
December 2024, at the same time as the admission of the Second
Placing Shares and the Retail Offer Shares ("Second Admission").
Following admission of the
Subscription Shares and Second Admission, the Company's issued
ordinary share capital will comprise 5,743,226,337 Ordinary Shares
with one voting right each. The Company does not hold any Ordinary
Shares in treasury. Accordingly, the above figure may be used by
Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure Guidance and Transparency Rules.
Unless otherwise defined,
definitions contained in this announcement have the same meaning as
set out in the Launch Announcement.
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:
About CAP-XX
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
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
|
1.
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1) Dr Graham Cooley
2) Peter Fraser
|
|
2.
|
Reason for the Notification
|
|
a)
|
Position/status
|
1) Non-Executive Director
2) Non-Executive Director
|
|
b)
|
Initial
notification/Amendment
|
Initial Notification
|
|
3.
|
Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
|
|
a)
|
Name
|
CAP-XX Limited
|
|
b)
|
LEI
|
213800HECUSIYXH3WN26
|
|
4.
|
Details of the transaction(s): section to be repeated for (i)
each type of instrument; (ii) each type of transaction; (iii) each
date; and (iv) each place where transactions have been
conducted
|
|
a)
|
Description of the Financial
instrument, type of instrument
|
Ordinary shares of no par value
each
|
|
Identification code
|
ISIN: AU0000XINAS1
|
|
b)
|
Nature of the transaction
|
Subscription for Ordinary
Shares
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
1) 0.11 pence per share
|
218,181,800
|
|
2) 0.11 pence per share
|
9,090,900
|
|
|
d)
|
Aggregated information:
-Aggregated volume
-Price
|
n/a
|
|
e)
|
Date of the transaction
|
29 November 2024 to be completed on
9 December 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|