|Share Name||Share Symbol||Market||Type||Share ISIN||Share Description|
|Cap-xx||LSE:CPX||London||Ordinary Share||AU0000XINAS1||ORD NPV|
|Price Change||% Change||Share Price||Bid Price||Offer Price||High Price||Low Price||Open Price||Shares Traded||Last Trade|
|Industry Sector||Turnover (m)||Profit (m)||EPS - Basic||PE Ratio||Market Cap (m)|
|Electronic & Electrical Equipment||2.8||-0.7||-0.3||-||25.08|
CAP-XX Limited Subscription to raise £2.43 million
UK Regulatory (RNS & others)
RNS Number : 9301U
24 January 2017
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). IN ADDITION, MARKET SOUNDINGS WERE TAKEN IN RESPECT OF THE MATTERS CONTAINED IN THIS ANNOUNCEMENT, WITH THE RESULT THAT CERTAIN PERSONS BECAME AWARE OF SUCH INSIDE INFORMATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.
24 January 2017
("CAP-XX" or the "Company")
Subscription to raise GBP2.43 million
CAP-XX, a world leader in supercapacitors, is pleased to announce that the Company has raised gross proceeds of GBP2.43 million, by way of a subscription (the "Subscription") of a total of 27,000,000 new ordinary shares (the "Subscription Shares") at a price of 9 pence per share (the "Subscription Price"). The Subscription Shares are to be issued within the Company's existing share allotment authorities, in line with CAP-XX's dilution policy which was approved by shareholders on 29 November 2016.
The proceeds of the Subscription will be used to accelerate a number of projects.
Application has been made to the London Stock Exchange for the Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Subscription Shares will commence at 8:00 am on 30 January 2017.
The Subscription Shares will be issued credited as fully paid and will rank in full for all dividends and other distributions declared, made or paid in respect of the Company`s ordinary shares ("Ordinary Shares") after the date of Admission and will otherwise rank pari passu in all respects with the Company's existing Ordinary Shares.
The enlarged issued share capital of the Company following the issue of the Subscription Shares will be 297,704,833 Ordinary Shares with voting rights. The Company does not hold any Ordinary Shares in Treasury.
Following Admission, the above figure of 297,704,833 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.
Commenting on the Subscription, Anthony Kongats, Chief Executive of CAP-XX said, "We are delighted with the support provided to the company at this exciting time for the development of our supercapacitor business, which will enable us to accelerate a number of development opportunities."
For further information, please contact:
CAP-XX Limited Anthony Kongats (Chief Executive +61 (0) 2 9428 Officer) 0139 Allenby Capital Limited (Nominated Adviser and Broker) +44 (0) 20 3328 David Hart / Alex Brearley 5656 Kreab (Financial PR) +44 (0) 20 7074 Robert Speed 1800
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
(END) Dow Jones Newswires
January 24, 2017 02:00 ET (07:00 GMT)
1 Year CAP-XX Chart
1 Month CAP-XX Chart