CAP-XX Limited Result of Offer to Qualifying Participants (9073X)
December 24 2019 - 2:00AM
UK Regulatory
TIDMCPX
RNS Number : 9073X
CAP-XX Limited
24 December 2019
24 December 2019
CAP-XX Limited
("CAP-XX" or the "Company")
Result of Offer to Qualifying Participants
CAP-XX Limited, a world leader in the design and manufacture of
thin, prismatic supercapacitors and energy management systems,
announced on 29 November 2019 a fundraising that included an Offer
to Qualifying Participants of up to 25,000,000 Offer Shares at an
Issue Price of 3p per share.
CAP-XX announces that valid applications were received in
respect of, in aggregate, 22,194,995 Offer Shares. Accordingly, the
Offer to Qualifying Participants has raised total gross proceeds of
approximately GBP0.67 million.
The Offer to Qualifying Participants was in addition to a
Placing and a Subscription, also announced on 29 November 2019,
which conditionally raised a total of approximately GBP2.75 million
(before expenses).
Anthony Kongats, Chief Executive of CAP-XX, commented:
"We are delighted with the result of the Offer to Qualifying
Participants and wish to thank our shareholders for their support
of CAP-XX's strategy."
The Offer to Qualifying Participants, together with the Placing
and the Subscription, are subject, inter alia, to the approval of
Shareholders at a General Meeting to be held at the offices of
CAP-XX, Units 9/12 Mars Road, Lane Cove, Australia at 6:00 p.m.
AEDT (being 7.00 a.m. GMT) on 30 December 2019.
Application has been made to the London Stock Exchange for the
New Ordinary Shares to be issued in relation to the Offer to
Qualifying Participants, the Placing and the Subscription to be
admitted to trading on AIM. It is expected that, subject to passing
the Resolution at the General Meeting and the Placing and Offer to
Qualifying Participants becoming unconditional in all respects
(save for Admission), Admission will become effective, and dealings
in the New Ordinary Shares will commence, at 8:00 a.m. GMT on 3
January 2020. Following Admission, the total number of Ordinary
Shares and voting rights in the Company will be 438,376,437.
Capitalised terms used but not defined in this announcement
shall have the meanings given to such terms in the announcement
issued by the Company on 29 November 2019 unless otherwise defined
herein.
For further information contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139
Allenby Capital (Nominated Adviser and Broker)
David Hart / Alex Brearley +44 (0) 20 3328 5656
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, prismatic 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
-ENDS-
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END
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