Last checked at 21 Mar 2024 09:00
Dissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.
21 March 2024
CAP-XX Limited
("CAP-XX" or the "Company")
Litigation Settlement Agreement with Tesla, Inc
Further to the Company's Litigation Update announcement on 14 March 2024, CAP-XX Limited announces that a settlement agreement (the "Settlement Agreement") has been signed with Tesla, Inc.
The effect of the Settlement Agreement is to settle all litigation matters with Maxwell/Tesla.
Whilst the terms of the Settlement Agreement are confidential, they do not involve payments to Tesla that the Board of CAP-XX considers to be material to the Company.
For further information contact:
CAP-XX Limited
Pat Elliott (Chairman) +61 (2) 9157 0000
Lars Stegmann (Chief Executive Officer)
Allenby Capital (Nominated Adviser and Joint Broker)
David Hart / Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656
Tony Quirke / Stefano Aquilino (Sales and Corporate Broking)
Cavendish Securities plc (Joint Broker)
Neil McDonald / Pearl Kellie +44 (0) 13 1220 6939
Kreab (Financial PR)
Robert Speed +44 (0) 20 7074 1800
Notes to Editors:
CAP-XX (LSE: CPX) is a 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