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25 May 2017 08:51
25 May 2017
CAP-XX Limited
("CAP-XX" or "the Company")
Extension of option term and Director/PDMR dealing
The Board of CAP-XX announces an extension to the expiry date for a grant of existing options under the CAP-XX Limited Share Option Plan ("CAP-XX Share Option Plan").
The Company currently has 25,325,000 options granted pursuant to the CAP-XX Option Plan. 3,080,000 of these options were granted on 9 October 2013 (the "2013 Options"), had an exercise price of 8.5 pence and an original expiry date of 9 October 2017 and have not subsequently been cancelled. One quarter of the 2013 Options vested 12 months following the date of grant, with the remainder vesting 1/48 each month following the date of grant. 320,833 2013 Options have been granted but have not yet vested as at the date of this announcement. The expiry date of the 2013 Options will now be 9 April 2018. All other terms relating to the 2013 Options remain unchanged. The principal reason for the extension is to allow option holders the ability to exercise the 2013 Options outside of predetermined closed periods due to CAP-XX's financial reporting timetable.
The 2013 Options were issued to the employees and senior management of CAP-XX. The table below summarises the 2013 Options granted to persons discharging managerial responsibilities (PDMR) (or persons closely associated with them).
Directors/PDMR | Total number of 2013 Options granted | Total number of 2013 Options vested as at 25 May 2017 |
Patrick Elliot (Non-executive Chairman) | 300,000 | 268,750 |
Bruce Grey (Non-executive director) | 300,000 | 268,750 |
Anthony Kongats (Chief Executive Officer) | 600,000 | 537,500 |
Michael Taylor (Chief Financial Officer) | 400,000 | 358,333 |
Pierre Mars (VP, Quality & Applications) | 400,000 | 358,333 |
The change to the expiry date of the 2013 Options is notifiable pursuant to the EU Market Abuse Regulation. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below.
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 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 instrument, type of instrument Identification code | Ordinary shares of no par value each in CAP-XX Limited
Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1 | ||||
b) | Nature of the transaction | Extension to expiry date for grant of options over 300,000 ordinary shares with an exercise price of 8.5p
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 25 May 2017 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Bruce Grey | ||||
2 | Reason for the notification | |||||
a) | Position/status | Director - Non-Executive | ||||
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 Identification code | Ordinary shares of no par value each in CAP-XX Limited
Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1 | ||||
b) | Nature of the transaction | Extension to expiry date for grant of options over 300,000 ordinary shares with an exercise price of 8.5p
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 25 May 2017 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | 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 instrument, type of instrument Identification code | Ordinary shares of no par value each in CAP-XX Limited
Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1 | ||||
b) | Nature of the transaction | Extension to expiry date for grant of options over 600,000 ordinary shares with an exercise price of 8.5p
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 25 May 2017 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Michael Taylor | ||||
2 | Reason for the notification | |||||
a) | Position/status | 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 instrument, type of instrument Identification code | Ordinary shares of no par value each in CAP-XX Limited
Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1 | ||||
b) | Nature of the transaction | Extension to expiry date for grant of options over 400,000 ordinary shares with an exercise price of 8.5p
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 25 May 2017 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
1 | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Pierre Mars | ||||
2 | Reason for the notification | |||||
a) | Position/status | Vice President, Applications & Quality | ||||
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 Identification code | Ordinary shares of no par value each in CAP-XX Limited
Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1 | ||||
b) | Nature of the transaction | Extension to expiry date for grant of options over 400,000 ordinary shares with an exercise price of 8.5p
| ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price | N/A - single transaction | ||||
e) | Date of the transaction | 25 May 2017 | ||||
f) | Place of the transaction | Outside of trading venue | ||||
For further information contact:
CAP-XX Limited
Anthony Kongats (Chief Executive Officer) +61 (0) 2 9428 0139
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
Allenby Capital (Nominated Adviser and Broker)
David Hart / Alex Brearley (Corporate Finance) +44 (0) 20 3328 5656
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 large supercapacitor based modules used 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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