CAP-XX Limited Issue of Shares and Director/PDMR Shareholdings (5515J)

TIDMCPX

RNS Number : 5515J

CAP-XX Limited

29 June 2017

29 June 2017

CAP-XX Limited

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

Issue of Shares and Director/PDMR Shareholdings

Consistent with the Company's previous announcements on 30 October 2014, 2 June 2015, 8 December 2015, 4 May 2016 and 8 December 2016 and in-line with its ongoing strategy to preserve its cash resources, CAP-XX announces that it has today issued 301,222 ordinary shares of no par value in the Company ("New Ordinary Shares"), in lieu of certain directors' salaries. The New Ordinary Shares have been issued at a price of 8.724p representing the daily volume weighted average share price of the Company's ordinary shares on AIM between 1 January 2017, being the date on which the directors' salaries were due for payment and 26 June 2017.

The New Ordinary Shares being issued in lieu of director salaries have been allocated to the following directors of CAP-XX:

 
 Director                          New Ordinary    Total number   % of enlarged 
                                   Shares issued    of ordinary      ordinary 
                                     at 8.724p      shares now        share 
                                                       held          capital 
-------------------------------  ---------------  -------------  -------------- 
 Patrick Elliot (Non-executive 
  director)                          150,611        5,897,847         1.98% 
-------------------------------  ---------------  -------------  -------------- 
 Bruce Grey (Non-executive 
  director)                          150,611        4,069,665         1.37% 
-------------------------------  ---------------  -------------  -------------- 
 

Application will be made for the New Ordinary Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 7 July 2017. Following Admission, the Company's issued share capital will consist of 298,006,055 ordinary shares of no par value. The above figure (298,006,055) may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in the Company, under the Disclosure and Transparency Rules.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below.

 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                        Patrick Elliot 
---  --------------------------  ------------------------------ 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status             Director - Non-Executive 
                                   Chairman 
---  --------------------------  ------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  ------------------------------ 
 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          Ordinary shares of no par 
       financial instrument,       value each in CAP-XX Limited 
       type of instrument 
       Identification code         Identification code (ISIN) 
                                   for CAP-XX Limited ordinary 
                                   shares: AU0000XINAS1 
---  --------------------------  ------------------------------ 
 b)   Nature of the transaction   Shares issued in lieu of 
                                   salary 
---  --------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)        Volume(s) 
                                   --------------  ---------- 
                                    8.724           150,611 
                                     pence           ordinary 
                                     per ordinary    shares 
                                     share 
                                   --------------  ---------- 
---  --------------------------  ------------------------------ 
 d)   Aggregated information      Single transaction as in 
       - Aggregated volume         4 c) above. 150,611 ordinary 
       - Price                     shares were issued at 8.724 
                                   pence per ordinary share 
---  --------------------------  ------------------------------ 
 e)   Date of the transaction     28 June 2017 
---  --------------------------  ------------------------------ 
 f)   Place of the transaction    Outside of trading venue 
                                   - issue of new ordinary 
                                   shares 
---  --------------------------  ------------------------------ 
 
 
 1    Details of the person discharging managerial 
       responsibilities / person closely associated 
---  ---------------------------------------------------------- 
 a)   Name                        Bruce Grey 
---  --------------------------  ------------------------------ 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status             Director - Non-Executive 
                                   Director 
---  --------------------------  ------------------------------ 
 b)   Initial notification        Initial notification 
       /Amendment 
---  --------------------------  ------------------------------ 
 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          Ordinary shares of no par 
       financial instrument,       value each in CAP-XX Limited 
       type of instrument 
       Identification code         Identification code (ISIN) 
                                   for CAP-XX Limited ordinary 
                                   shares: AU0000XINAS1 
---  --------------------------  ------------------------------ 
 b)   Nature of the transaction   Shares issued in lieu of 
                                   salary 
---  --------------------------  ------------------------------ 
 c)   Price(s) and volume(s)       Price(s)        Volume(s) 
                                   --------------  ---------- 
                                    8.724           150,611 
                                     pence           ordinary 
                                     per ordinary    shares 
                                     share 
                                   --------------  ---------- 
---  --------------------------  ------------------------------ 
 d)   Aggregated information      Single transaction as in 
       - Aggregated volume         4 c) above. 150,611 ordinary 
       - Price                     shares were issued at 8.724 
                                   pence per ordinary share 
---  --------------------------  ------------------------------ 
 e)   Date of the transaction     28 June 2017 
---  --------------------------  ------------------------------ 
 f)   Place of the transaction    Outside of trading venue 
                                   - issue of new ordinary 
                                   shares 
---  --------------------------  ------------------------------ 
 

For further information contact:

 
 CAP-XX Limited 
 Anthony Kongats (Chief 
  Executive Officer)            [phone] 
 
 Kreab (Financial PR) 
 Robert Speed                   [phone] 
 
 Allenby Capital (Nominated 
  Adviser and Broker) 
 David Hart / Alex Brearley 
  (Corporate Finance)           [phone] 
 

More information is available at 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

This information is provided by RNS

The company news service from the London Stock Exchange

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June 29, 2017 03:22 ET (07:22 GMT)