Retirement of CFO

CAP-XX Limited

12 March 2024

 

12 March 2024

CAP-XX Limited

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

Retirement of CFO

CAP-XX Limited ('the Company'), a world leader in the design and manufacture of supercapacitors and energy management systems, announces that Mike Taylor has decided to retire from his role as Chief Financial Officer of the Company and will be leaving CAP-XX on 15 March 2024.

Mr Taylor's responsibilities will be assumed by Ruvina Dissanayake who joined the Company as Financial Controller on 11 March 2024.  Ms Dissanayake has a wealth of finance and accounting experience in a range of businesses, including those in the pharmaceutical, mining, construction and tertiary education sectors.

Mr Taylor's responsibilities as Company Secretary will be assumed by a consultant to CAP-XX, which the Board believes better suits the size of the Company and the requirements of the role.

Commenting on the retirement of Mike Taylor, Lars Stegmann, Chief Executive Officer of CAP-XX said: "The board would like to thank Mike for his many years of service to the Company.  We wish him an enjoyable retirement.  We are delighted that Ruvina has joined the CAP-XX team and I look forward to working with her as she gets to know the CAP-XX business".

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman)                                                                             [phone]

Lars Stegmann (Chief Executive Officer)

Allenby Capital (Nominated Adviser and Joint Broker)

David Hart / Piers Shimwell (Corporate Finance)                                      [phone]

Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)

Cavendish Securities plc (Joint Broker)

Neil McDonald / Pearl Kellie                                                                   [phone]

Kreab (Financial PR)

Robert Speed                                                                                       [phone]

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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