5 December 2023
CAP-XX Limited
("CAP-XX" or the "Company")
Issue of Shares and Director/PDMR Shareholdings
Notification of transactions by persons discharging managerial responsibilities
Consistent with the Company's previous announcements regarding the issue of ordinary shares in lieu of certain directors' salaries, and in line with the Company's ongoing strategy to preserve its cash resources, CAP-XX announces that it has today issued 4,173,369 ordinary shares of no par value in the Company ("New Ordinary Shares"), in lieu of certain salaries for directors and a former director. The New Ordinary Shares have been issued at a price of 1.90 pence representing the daily volume weighted average share price of the Company's ordinary shares on AIM between 1 July 2022, being the date on which the directors' salaries were due for payment and 30 November 2023.
The New Ordinary Shares being issued have been allocated to the following directors of CAP-XX:
| Director | New Ordinary Shares issued at 1.90p | Total number of ordinary shares now held | % of enlarged ordinary share capital now held |
| Patrick Elliott (Non-executive Chairman) | 1,391,123 | 14,364,421 | 1.99% |
| Steen Feldskov (Non-executive director) | 1,391,123 | 1,816,123 | 0.25% |
In addition, 1,391,123 New Ordinary Shares have been allocated to Bruce Grey, a former director of the Company.
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 11 December 2023. Following Admission, the Company's issued share capital will consist of 720,188,327 ordinary shares of no par value. The above figure (720,188,327) 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 Guidance 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 (which forms part of Domestic UK Law pursuant to the European Union (Withdrawal) Act 2018) can be found below.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
| a) | Name | Patrick Elliott | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director - Non-Executive Chairman | ||||
| 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 Identification code | Ordinary shares of no par value each in CAP-XX Limited
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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4 c) above. 1,391,123 ordinary shares were issued at 1.90 pence per ordinary share | ||||
| e) | Date of the transaction | 5 December 2023 | ||||
| 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 | Steen Feldskov | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director - 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 Identification code | Ordinary shares of no par value each in CAP-XX Limited
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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price | Single transaction as in 4 c) above. 1,391,123 ordinary shares were issued at 1.90 pence per ordinary share | ||||
| e) | Date of the transaction | 5 December 2023 | ||||
| f) | Place of the transaction | Outside of trading venue - issue of new ordinary shares | ||||
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
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
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