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.
14
March 2024
CAP-XX
Limited
("CAP-XX" or the
"Company")
Update on
litigation
Further to the Company's
announcement on 28 February 2024, CAP-XX
Limited ('the Company'), a world leader in the design and
manufacture of supercapacitors and energy management systems,
provides the following update.
Maxwell will be applying to the
Court for a further extension of time to lodge an application for a
claim of costs against CAP-XX before the end of the current week.
To emphasise, this filing is purely procedural and does not
substantively impact CAP-XX. Maxwell and CAP-XX have an agreement
in principle and are in final negotiations to ensure that this
issue and all litigation matters with Maxwell/Tesla are resolved as
soon as possible. These negotiations are anticipated to be
completed in the coming weeks.
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