TIDMCPX
RNS Number : 5252H
CAP-XX Limited
04 August 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE
OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION
WOULD BE UNLAWFUL.
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT
CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMATION,
OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE
OR DISPOSE OF ANY SECURITIES IN CAP-XX LIMITED OR ANY OTHER ENTITY
IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS
DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN
CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF CAP-XX
LIMITED.
4 August 2021
CAP-XX Limited
("CAP-XX", or the "Company")
Result of Proposed Placing and
Completed Sale of Sale Shares
Further to the announcement made on 3 August 2021 by the Company
in connection with the proposed placing to raise gross proceeds of
up to GBP2.84 million (the "Placing Announcement"), CAP-XX, a world
leader in the design and manufacture of supercapacitors and energy
management systems, announces that it has conditionally raised
total gross proceeds of GBP2.84 million before expenses by way of a
placing of New Shares at an Issue Price of 5.5 pence per New Share
following the closing of the Bookbuild, which was significantly
oversubscribed. The Issue Price represents a 11.29 per cent.
discount to the closing mid-market price per Ordinary Share on 2
August 2021.
A total of 51,629,100 New Shares were placed with institutional
investors. The placing of New Shares is conditional upon, among
other things, Admission becoming effective. The Bookbuild was
managed by Cenkos Securities plc, the Company's joint broker.
In addition, the Company is pleased to announce the successful
sale of 10,498,700 Sale Shares, which are currently held by the
Selling Shareholder with responsibility for managing the Company's
employee share plan, on behalf of certain of the Company's
directors and employees following the exercise of options by those
individuals as announced on 10 December 2020. The Sale Shares are
sold as a single consolidated holding rather than individuals
providing separate instructions to a broker.
Details of the holdings of Company's directors and persons
discharging managerial responsibilities (PDMRs) following the sale
of the Sale Shares and Admission can be found in the table
below.
Director / PDMR Position Sale Shares Shareholding % Shareholding
Sold Following Following
Sale Sale and
Admission
==================== =========================== ============ ============= ===============
Mr Patrick Elliot Non-Executive Chairman 783,587 8,280,425 1.6%
==================== =========================== ============ ============= ===============
Mr Bruce Grey Non-Executive Director 1,371,276 6,535,576 1.3%
Mr Anthony Kongats Chief Executive Officer 4,701,517 9,993,666 2.0%
==================== =========================== ============ ============= ===============
Mr Pierre Mars Vice President of 587,690 - -
Quality and Applications
Mr Mike Taylor Chief Financial Officer 391,793 - -
==================== =========================== ============ ============= ===============
Dr Alex Bilyk Vice President of 1,175,379 - -
Research and Development
Mr Song Hee Sales Manager - Asia 465,254 - -
Lau Pacific
==================== =========================== ============ ============= ===============
Application has been made for the 51,629,100 New Shares to be
admitted to trading on AIM, and it is expected that Admission will
occur at 8.00 a.m. on or around 10 August 2021. Following Admission
of the New Shares, the Company's issued ordinary share capital will
comprise 508,433,183 Ordinary Shares of no par value, none of which
are held in treasury.
Following Admission of the New Shares, the total number of
Ordinary Shares with voting rights in the Company will be
508,433,183, which may be used by Shareholders as the denominator
for the calculation by which they will determine if they are
required to notify their interest in, or a change to their interest
in, the Company under the Financial Conduct Authority's Disclosure
Guidance and Transparency Rules.
Other than where defined, capitalised terms used in this
announcement have the meanings given to them in the Placing
Announcement.
Related Party Transaction
Canaccord Genuity Group Inc, a substantial shareholder of the
Company, has agreed to acquire up to 20,647,483 New Shares at the
Issue Price in the Placing. Following this participation, Canaccord
Genuity Group Inc will have a beneficial interest in 75,347,483
Ordinary Shares in the Company, representing approximately 14.82
per cent. of the enlarged issued share capital of the Company on
Admission.
The participation of Canaccord Genuity Group Inc for up to
20,647,483 New Shares in the Placing is deemed to be a related
party transaction under the AIM Rules for Companies. The directors
of the Company consider, having consulted with the Company's
nominated adviser, Allenby Capital Limited, that the terms of
Canaccord Genuity Group Inc's purchase of New Shares in the Placing
are fair and reasonable insofar as the Shareholders are
concerned.
For further information, please contact:
CAP-XX Limited Tel: + 61 (0) 2 9428
0139
Anthony Kongats, CEO
Allenby Capital - Nominated Adviser & Joint Tel: +44 (0) 20 3328
Broker 5656
David Hart / Alex Brearley
Cenkos Securities plc - Joint Broker Tel: +44 (0) 20 7391 8900
Neil McDonald / Peter Lynch
Kreab - Financial PR Tel: +44 (0) 20 7074 1800
Robert Speed
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 disclosures 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: Mr Patrick Elliot
----------------------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: Director - Non Executive
Chairman
----------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
----------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
-----------------------------------------------
GBP0.055p 783,587
----------------------------------------------------------------------------------- ----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 783,587
GBP0.055p
----------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
----------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
----------------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mr Bruce Grey
--------------------------------------------- ------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status: Director - Non Executive
Director
--------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
--------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
---------------------------------------------
GBP0.055p 1,371,276
-------------------------------------------------------------------------------- -----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 1,371,276
GBP0.055
--------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
--------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
--------------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mr Anthony Kongats
--------------------------------------------- ------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status: Director - Chief Executive
Officer
--------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
--------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
---------------------------------------------
GBP0.055p 4,701,517
-------------------------------------------------------------------------------- -----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 4,701,517
GBP0.055p
--------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
--------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
--------------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mr Mike Taylor
----------------------------------------------- ----------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status: PDMR - Chief Financial Officer
----------------------------------------------- ----------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
----------------------------------------------- ----------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------------- ----------------------------------
c) Price(s) and volume(s): Price Volume
-----------------------------------------------
GBP0.055p 391,793
------------------------------------------------------------------------------------- ------------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: GBP0.055p
391,793
----------------------------------------------- ----------------------------------
e) Date of the transaction: 3 August 2021
----------------------------------------------- ----------------------------------
f) Place of the transaction: London Stock Exchange, AIM
----------------------------------------------- ----------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mr Pierre Mars
----------------------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: PDMR - Vice President of
Quality and Applications
----------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
----------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
-----------------------------------------------
GBP0.055p 587,690
----------------------------------------------------------------------------------- ----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 587,690
GBP0.055p
----------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
----------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
----------------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Dr Alex Bilyk
--------------------------------------------- ------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status: PDMR - Vice President of
Research and Development
--------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
--------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
--------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
---------------------------------------------
GBP0.055p 1,175,379
-------------------------------------------------------------------------------- -----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 1,175,379
GBP0.055p
--------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
--------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
--------------------------------------------- ------------------------------
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Name: Mr Song Hee Lau
----------------------------------------------- ------------------------------
2. Reason for the notification
-------------------------------------------------------------------------------
a) Position/status: PDMR - Sales Manager Asia
Pacific
----------------------------------------------- ------------------------------
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 Ordinary Shares of no par
instrument, type of instrument: value each
Identification code: AU0000XINAS1
----------------------------------------------- ------------------------------
b) Nature of the transaction: Sale of Ordinary Shares
----------------------------------------------- ------------------------------
c) Price(s) and volume(s): Price Volume
-----------------------------------------------
GBP0.055p 465,254
----------------------------------------------------------------------------------- ----------
d) Aggregated information: Single transaction as in
Aggregated volume: 4 c) above
Price: 465,254
GBP0.055p
----------------------------------------------- ------------------------------
e) Date of the transaction: 3 August 2021
----------------------------------------------- ------------------------------
f) Place of the transaction: London Stock Exchange, AIM
----------------------------------------------- ------------------------------
IMPORTANT NOTICES
This announcement is not an offer to sell or a solicitation of
any offer to buy the New Shares in the United States, Australia,
Canada, New Zealand or the Republic of South Africa, Japan, or in
any other jurisdiction where such offer or sale would be
unlawful.
This announcement is not for publication or distribution,
directly or indirectly, in or into the United States of America.
This announcement is not an offer of securities for sale into the
United States. The securities referred to herein have not been and
will not be registered under the U.S. Securities Act of 1933, as
amended, and may not be offered or sold in the United States,
except pursuant to an applicable exemption from registration. No
public offering of securities is being made in the United
States.
The merits or suitability of any securities must be
independently determined by the recipient on the basis of its own
investigation and evaluation of the proposed investment trust. Any
such determination should involve, among other things, an
assessment of the legal, tax, accounting, regulatory, financial,
credit and other related aspects of the securities.
This announcement may not be used in making any investment
decision. This announcement does not contain sufficient information
to support an investment decision and investors should ensure that
they obtain all available relevant information before making any
investment. This announcement does not constitute and may not be
construed as an offer to sell, or an invitation to purchase or
otherwise acquire, investments of any description, nor as a
recommendation regarding the possible offering or the provision of
investment advice by any party. No information in this announcement
should be construed as providing financial, investment or other
professional advice and each prospective investor should consult
its own legal, business, tax and other advisers in evaluating the
investment opportunity. No reliance may be placed for any purposes
whatsoever on this announcement or its completeness.
Nothing in this announcement constitutes investment advice and
any recommendations that may be contained herein have not been
based upon a consideration of the investment objectives, financial
situation or particular needs of any specific recipient.
The information and opinions contained in this announcement are
provided as at the date of the document and are subject to change
and no representation or warranty, express or implied, is or will
be made in relation to the accuracy or completeness of the
information contained herein and no responsibility, obligation or
liability or duty (whether direct or indirect, in contract, tort or
otherwise) is or will be accepted by the Company, Cenkos, or any of
their affiliates or by any of their respective officers, employees
or agents in relation to it. No reliance may be placed for any
purpose whatsoever on the information or opinions contained in this
announcement or on its completeness, accuracy or fairness. The
document has not been approved by any competent regulatory or
supervisory authority.
Potential investors should be aware that any investment in the
Company is speculative, involves a high degree of risk, and could
result in the loss of all or substantially all of their investment.
Results can be positively or negatively affected by market
conditions beyond the control of the Company or any other person.
The returns set out in this document are targets only. There is no
guarantee that any returns set out in this document can be achieved
or can be continued if achieved, nor that the Company will make any
distributions whatsoever. There may be other additional risks,
uncertainties and factors that could cause the returns generated by
the Company to be materially lower than the returns set out in this
announcement. Past performance cannot be relied on as a guide to
future performance.
The information in this announcement may include forward-looking
statements, which are based on the current expectations and
projections about future events and in certain cases can be
identified by the use of terms such as "may", "will", "should",
"expect", "anticipate", "project", "estimate", "intend",
"continue", "target", "believe" (or the negatives thereon) or other
variations thereon or comparable terminology. These forward-looking
statements, as well as those included in any related materials, are
subject to risks, uncertainties and assumptions about the Company,
including, among other things, the development of its business,
trends in its operating industry, and future capital expenditures
and acquisitions. In light of these risks, uncertainties and
assumptions, the events in the forward-looking statements may not
occur.
Each of the Company, Cenkos, and their affiliates and their
respective officers, employees and agents expressly disclaim any
and all liability which may be based on this announcement and any
errors therein or omissions therefrom.
No representation or warranty is given to the achievement or
reasonableness of future projections, management targets,
estimates, prospects or returns, if any. Any views contained herein
are based on financial, economic, market and other conditions
prevailing as at the date of this announcement. The information
contained in this announcement will not be updated.
This announcement does not constitute or form part of, and
should not be construed as, any offer or invitation or inducement
for sale, transfer or subscription of, or any solicitation of any
offer or invitation to buy or subscribe for or to underwrite, any
share in the Company or to engage in investment activity (as
defined by the Financial Services and Markets Act 2000) in any
jurisdiction nor shall it, or any part of it, or the fact of its
distribution form the basis of, or be relied on in connection with,
any contract or investment decision whatsoever, in any
jurisdiction. This announcement does not constitute a
recommendation regarding any securities.
Cenkos Securities plc ("Cenkos") which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is joint broker to CAP-XX Limited and for no one else, including
any recipient of this announcement, in connection with the Placing
and other matters referred to in this announcement and will not be
responsible to anyone other than CAP-XX Limited for providing the
protections afforded to clients of Cenkos or for affording advice
in relation to the Placing or any other matter referred to in this
announcement. Cenkos has not authorised the contents of, or any
part of, this announcement and no liability whatsoever is accepted
by Cenkos nor does it make any representation or warranty, express
or implied, for the accuracy of any information or opinions
contained in this announcement or for the omission of any
information. Cenkos expressly disclaims all and any responsibility
or liability whether arising in tort, contract or otherwise which
it might otherwise have in respect of this announcement. The
responsibilities of Cenkos as the Company's joint broker under the
AIM Rules are owed to the London Stock Exchange solely and are not
owed to CAP-XX Limited or to any director, Shareholder or any other
person in respect of such Shareholder's decision to acquire
Ordinary Shares in reliance on any part of this announcement or
otherwise.
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END
ROIUSOVRARUWRRR
(END) Dow Jones Newswires
August 04, 2021 02:00 ET (06:00 GMT)
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