CAP-XX Limited Result of AGM and Directorate Change (3381S)

TIDMCPX

RNS Number : 3381S

CAP-XX Limited

03 November 2023

3 November 2023

CAP-XX Limited

("CAP-XX" or the "Company")

Result of AGM and Directorate Change

CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, announces that at the Company's Annual General Meeting ("AGM") held earlier today, the results of the resolutions put to shareholders are as follows:-

Resolution 1 :- Re-election of Director - Mr Bruce Grey.

This resolution was not supported by the shareholders and Bruce has ceased to be a Director of the Company as at the close of the AGM. Given this result, where it is able to, the Board will seek to engage with those shareholders who are understood to have voted against Resolution 1, to understand their views and/or any specific concerns. The Directors are reviewing the short to medium term composition of CAP-XX's Board and the market will be updated when further decisions have been made.

Based on the initial advice received, under the Board's existing composition, the Board understands that it is able to continue to run and operate the Company in the normal way. However, the Board will need to appoint Directors who are Australian residents as a matter of importance.

Resolution 2 :- Dilution Policy - re-set the date

This resolution has been passed and the Dilution Policy date has been reset to today's date.

For further information contact:

CAP-XX Limited

Pat Elliott (Chairman) +61 (0) 2 9428 0139

Lars Stegmann (Chief Executive Officer)

Kreab (Financial PR)

Robert Speed +44 (0) 20 7074 1800

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

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 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

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(END) Dow Jones Newswires

November 03, 2023 05:05 ET (09:05 GMT)

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