Last checked at 30 May 2012 09:00
30 May 2012
CAP-XX Limited
Placing Update
As part of the recent placing of 10,945,333 new ordinary shares, on March 12, the Board of CAP-XX plc announced that a leading Chinese automotive component company had agreed to subscribe for 1,700,000 New Ordinary Shares in the company subject to Chinese Government approval and that admission of these shares would take place on or around 30 March 2012.
The Board has been advised that the process of finalising this investment has been delayed. A further announcement will be made in due course.
For further information, please contact
| CAP-XX Limited Anthony Kongats, Chief Executive Officer
| +61 (0) 2 9428 0139 |
Seymour Pierce Ltd (Nominated Adviser and Broker) Nandita Sahgal and Catherine Leftley (Corporate Finance) David Banks and Paul Jewell (Corporate Broking)
| +44 (0) 20 7107 8000
|
Kreab Gavin Anderson & Company (Financial PR) Robert Speed, Deborah Walter, Anthony Hughes
| +44 (0) 20 7074 1800 |
Notes to Editors:
About Cap-XX
CAP-XX is a world leader in the design and manufacture of thin form prismatic supercapacitors and energy management systems, predominantly for portable and small scale 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 prismatic design. These attributes are critical for power-hungry 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 and portable devices.