Proposed Placing

RNS Number : 1776M

CAP-XX Limited

05 May 2015

 



CAP-XX Limited

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

Proposed Placing

The Board of CAP-XX announces that the Company is in discussions regarding undertaking a capital raise by way of a placing of approximately 31 million new ordinary shares at a substantial discount to the Company's current share price but a substantial premium to the price of the Company's last fundraise in March 2015.

A further announcement will be made in due course.

For further information, please contact:

CAP-XX Limited Anthony Kongats (Chief Executive Officer)	[phone]
Allenby Capital Limited (Nominated Adviser and Broker) David Hart/Alex Brearley	[phone]
Kreab (Financial PR) Robert Speed	[phone]

Notes to editors

About CAP-XX

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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