All good now derampers go home lol22 Mar 2024 08:54
Actions taken by the Board
The Board has taken a number of actions to seek to address the Company's financial position:
· Legal cost exposure - the Company announced on 21 March 2024 that it had reached an agreement with Maxwell/Tesla to settle all outstanding matters related to the historic litigation by way of a series of payments that the Board considers are not material amounts in the context of CAP-XX;
· Revenue and cash receipts - these are now recovering, reflecting normal seasonal patterns; and
· CAP-XX's operating costs have been significantly reduced, further details of which are set out below.