Placing of 5.9million New Ord

RNS Number : 9876I

CAP-XX Limited

23 March 2010

 



23 March 2010

CAP-XX

 Placing of 5.9million New Ordinary Shares

CAP-XX Limited, developer of the supercapacitor-driven BriteFlash power architecture for mobile phones, today announces that has raised £1,949,142 (before expenses) through a placing ("the Placing") of 5.9 million new ordinary shares of nil par value at a price of 33 pence per share (the "Placing Shares") with new and existing institutional investors. The Placing Shares will be admitted to AIM on 25 March following which the total number of Ordinary Shares in issue will be 67,959,284. Seymour Pierce acted as sole broker to the Placing and Nomura Code as placing agent.

The purpose of the Placing was to provide additional working capital to further the development of the supercapacitors for new markets; and to invest in the development of research & development for the Surface Mount Device. 

For further information contact:

CAP-XX

Anthony Kongats, Chief Executive Officer                  [phone]

Kreab Gavin Anderson (Financial PR)

Robert Speed / Deborah Walter / Anthony Hughes    [phone]

Seymour Pierce (Nominated Adviser and Broker)

Nandita Sahgal/Catherine Leftley                                [phone]

More information about CAP-XX is available at www.cap-xx.com

Notes to Editors:

CAP-XX is a world leader in the design and manufacture of thin form supercapacitors and energy management systems, predominantly for portable 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 form design.  These attributes will be critical for the next generation of high volume, power-hungry portable 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 devices and portable devices.

 

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