Source - LSE Regulatory
RNS Number : 4954I
CAP-XX Limited
27 March 2024
 

27 March 2024

CAP-XX Limited

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

Suspension of trading

 

CAP-XX Limited (AIM: CPX), a world leader in the design and manufacture of supercapacitors and energy management systems, notes the London Stock Exchange's (the "Exchange") Market Notice N04/24 released following the suspension in trading of the Company's Ordinary Shares this morning. 

 

The Notice makes the following statements:

 

1. the Exchange has been monitoring the settlement situation in CAP-XX Limited (TIDM: CPX, ISIN: AU0000XINAS1) following the Company's recent notification regarding a fundraise, part of which is conditional on shareholder consent. As a result of the deterioration in settlement performance, trading of CAP-XX Limited shares has been temporarily suspended under Rule 1510 of the Rules of the London Stock Exchange. Settlement of outstanding transactions can continue whilst the security is suspended. The Exchange will continue to monitor the settlement situation and when trading is to be restored, the market will be notified by Stock Exchange Notice.  

2.  Rule 5000 (Obligation to settle) and its associated guidance places an obligation on member firms to ensure that every on Exchange trade is duly settled on the agreed settlement date. This obligation remains even if the reason for non-settlement is a customer or counterparty having failed to settle other transactions in the same security.

3.    Any queries on this Notice should be addressed to Market Supervision, Market Regulation, telephone +44 (0)20 7797 3666 (STX 33666) option 2.

 

 

The Notice can be viewed at: https://docs.londonstockexchange.com/sites/default/files/documents/n0424.pdf

 

The suspension of trading in the Company's shares is not due to any action by the Company.  Further, there is no action the Board can take to expedite the matter.  The timing of restoration of trading in the Company's shares will be determined by the Exchange.

 

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

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