Appointment of Director and Grant of Share Options

RNS Number : 9996H

CAP-XX Limited

12 April 2022

 

12 April 2022

CAP-XX Limited

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

Appointment of Non-Executive Director

Grant of share options

CAP-XX Limited, a world leader in the design and manufacture of thin, prismatic supercapacitors and energy management systems, is pleased to announce the appointment, effective immediately, of Steen Feldskov as a Non-Executive Director of the Company and considered by the Board to be independent.

Mr Feldskov joins the CAP-XX board with nearly 40 years of experience working in the electronics industry, with approximately half of that time involved in the sale and marketing of electronic components and the remainder in senior management roles for electronics companies.  He is currently the Country Manager for the Danish office of Hamamatsu Photonics Deutschland GmbH, a subsidiary of the Tokyo-listed Hamamatsu Photonics K. K. the Japanese manufacturer of optical sensors, electric light sources, and other optical devices.

Mr Feldskov received a Bachelor of Science degree in Electrical Engineering from the University of Southern Denmark and a Bachelor of Commerce degree in Marketing from the Copenhagen Business School, Denmark. Steen is also a Member of the Danish Management Society.

Pat Elliott, Chairman of CAP-XX, said:

"CAP-XX welcomes Steen Feldskov as a Non-Executive Director. Steen brings extensive and very relevant experience to the CAP-XX Board which will prove invaluable as we further exploit the opportunities in numerous applications for the CAP-XX supercapacitor technologies, especially IoT.

"The Board and management of CAP-XX are looking forward to working with Steen as a member of the CAP-XX team".

Regulatory disclosures

In accordance with Schedule 2(g) of the AIM Rules, Steen Feldskov (aged 64) holds, or has held in the past five years, the following directorships and partnerships:

Current directorships/partnerships	Past directorships/partnerships
Alfr. Andersson Og o. Sorensens Eftf. A/S (Denmark)	Coachr Holding ApS (Denmark)
Andersson & Sorensen Holding A/S (Denmark)	Coachr ApS (Denmark)
Fineman A/S (Denmark)

Steen Feldskov does not currently hold any ordinary shares in the Company.

Grant of share options and other matters

Upon Mr Feldskov 's appointment as a Non-Executive Director, he has today been granted a total of 2,300,000 options to subscribe for new ordinary shares (the "Options"). The Options have been granted pursuant to the CAP-XX Limited Share Option Plan at an exercise price of 5.60p per share. The Options have a life of five years, with 25% of the Options vesting six months after the anniversary of the grant date, with the remainder vesting in equal monthly amounts of 1/48^th from this date. Following today's grant, the Company will have a total of 51,740,000 share options outstanding.

The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation is appended below.

Under the terms of Mr Feldskov's letter of appointment, he may elect to be issued with new ordinary shares in the Company, in lieu of some or all of his director's fees. Pursuant to this arrangement, any such new ordinary shares issued to Mr Feldskov would be issued at a price based on the daily volume weighted average share price of the Company's ordinary shares on AIM over the period from when the relevant director's fees were to be due for payment and a date preceding the issue of such ordinary shares, via a similar process to that which periodically occurs in respect of the issue of new ordinary shares to certain of CAP-XX's other directors.

For further information contact:

CAP-XX Limited Anthony Kongats (CEO)	[phone]
Kreab (Financial PR) Robert Speed	[phone]
Allenby Capital (Nominated Adviser and Joint Broker) David Hart / Alex Brearley (Corporate Finance) Tony Quirke (Sales and Corporate Broking)	[phone]
Cenkos Securities plc (Joint Broker) Neil McDonald / Pete Lynch	[phone]

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

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Steen Feldskov (Non-Executive Director)
2.	Reason for the Notification
a)	Position/status	See 1a) above
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	Ordinary shares of no par value each
	Identification code	Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Grant of new share options over 2,300,000 ordinary shares with an exercise price of 5.60p
c)	Price(s) and volume(s)	Price(s) Volume(s) Exercise price of 5.60p 2,300,000 share options
d)	Aggregated information: -Aggregated volume -Price	N/A
e)	Date of the transaction	12 April 2022
f)	Place of the transaction	Outside a trading venue

 

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