Placing Update

RNS Number : 3895E

CAP-XX Limited

30 May 2012

 



30 May 2012

 

CAP-XX Limited

Placing Update

As part of the recent placing of 10,945,333 new ordinary shares, on March 12, the Board of CAP-XX plc announced that a leading Chinese automotive component company had agreed to subscribe for 1,700,000 New Ordinary Shares in the company subject to Chinese Government approval and that admission of these shares would take place on or around 30 March 2012.

The Board has been advised that the process of finalising this investment has been delayed.  A further announcement will be made in due course.

For further information, please contact

CAP-XX Limited Anthony Kongats, Chief Executive Officer	[phone]
Seymour Pierce Ltd (Nominated Adviser and Broker) Nandita Sahgal and Catherine Leftley (Corporate Finance) David Banks and Paul Jewell (Corporate Broking)	[phone]
Kreab Gavin Anderson & Company (Financial PR) Robert Speed, Deborah Walter, Anthony Hughes	[phone]

Notes to Editors:

About Cap-XX

CAP-XX is a world leader in the design and manufacture of thin form prismatic supercapacitors and energy management systems, predominantly for portable and small scale electronic devices.

The unique feature of CAP-XX's supercapacitors is their ability to store high volumes of energy and output high power levels within a thin prismatic design.  These attributes are critical for power-hungry electronic devices, including mobile phones.

Portable devices are one of the fastest growing segments of the electronics market, and provide the greatest opportunities for CAP-XX's products.  CAP-XX's products are already an established enabling technology for the current generation of wireless and portable devices. 

 

END

 

 

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