Issue of Shares and Director/PDMR Shareholdings

RNS Number : 1406S

CAP-XX Limited

12 July 2022

 

12 July 2022

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 1,062,343 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 5.54 pence representing the daily volume weighted average share price of the Company's ordinary shares on AIM between 1 July 2021, being the date on which the directors' salaries were due for payment and 8 July 2022.

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

Director	New Ordinary Shares issued at 5.54p	Total number of ordinary shares now held	% of enlarged ordinary share capital now held
Patrick Elliot (Non-executive Chairman)	476,565	9,127,144	1.79%
Bruce Grey (Non-executive director)	476,565	7,382,295	1.45%
Steen Feldskov (Non-executive director)	109,213	109,213	0.02%

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 18 July 2022.  Following Admission, the Company's issued share capital will consist of 510,235,834 ordinary shares of no par value. The above figure (510,235,834) 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 Elliot
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)	Price(s) Volume(s) 5.54 pence per ordinary share 476,565 ordinary shares
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above.  476,565 ordinary shares were issued at 5.54 pence per ordinary share
e)	Date of the transaction	12 July 2022
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 /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)	Price(s) Volume(s) 5.54 pence per ordinary share 476,565 ordinary shares
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above.  476,565 ordinary shares were issued at 5.54 pence per ordinary share
e)	Date of the transaction	12 July 2022
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)	Price(s) Volume(s) 5.54 pence per ordinary share 109,213 ordinary shares
d)	Aggregated information - Aggregated volume - Price	Single transaction as in 4 c) above.  109,213 ordinary shares were issued at 5.54 pence per ordinary share
e)	Date of the transaction	12 July 2022
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 Joint Broker)
David Hart / Alex Brearley (Corporate Finance)		[phone]
Cenkos Securities plc (Joint Broker)		[phone]
Neil McDonald/Pete Lynch

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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