27
March 2024
CAP-XX
Limited
("CAP-XX" or the
"Company")
Suspension of
trading
CAP-XX Limited (AIM: CPX),
a world leader in the design and manufacture of
supercapacitors and energy management systems,
notes the London Stock Exchange's (the "Exchange") Market Notice
N04/24 released following the suspension in trading of the
Company's Ordinary Shares this morning.
The Notice makes the following
statements:
1. the
Exchange has been monitoring the settlement situation in CAP-XX
Limited (TIDM: CPX, ISIN: AU0000XINAS1) following the Company's
recent notification regarding a fundraise, part of which is
conditional on shareholder consent. As a result of the
deterioration in settlement performance, trading of CAP-XX Limited
shares has been temporarily suspended under Rule 1510 of the Rules
of the London Stock Exchange. Settlement of outstanding
transactions can continue whilst the security is suspended. The
Exchange will continue to monitor the settlement situation and when
trading is to be restored, the market will be notified by Stock
Exchange Notice.
2. Rule 5000 (Obligation to settle) and its associated guidance
places an obligation on member firms to ensure that every on
Exchange trade is duly settled on the agreed settlement date. This
obligation remains even if the reason for non-settlement is a
customer or counterparty having failed to settle other transactions
in the same security.
3.
Any queries on this Notice should be addressed to
Market Supervision, Market Regulation, telephone +44 (0)20 7797
3666 (STX 33666) option 2.
The Notice can be viewed at:
https://docs.londonstockexchange.com/sites/default/files/documents/n0424.pdf
The suspension of trading in the
Company's shares is not due to any action by the Company.
Further, there is no action the Board can take to expedite the
matter. The timing of restoration of trading in the Company's
shares will be determined by the Exchange.
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