Business
Admission to AIM
Admission to AIM.
About this update from Cap-xx Limited
[{"type":"text","content":"\n CAP-XX Limited\n20 April 2006\n\n\n20 April 2006\n\n\n CAP-XX Limited announces the first day of dealings on AIM\n\n\nCAP-XX Limited ('CAP-XX' or the 'Company'), the world-leading supercapacitor\nmanufacturer, today announces the admission to trading of its ordinary shares on\nthe AIM market of the London Stock Exchange ('Admission').\n\n\nThe Admission is by way of a placing of 18,433,333 new shares ('Placing') at 93p\nper share ('Placing Price'), representing 38 per cent. of the enlarged issued\nordinary share capital of the Company. The gross proceeds of the Placing are\napproximately £17.1m. Following Admission the number of ordinary shares in issue\nwill total 48,565,893.\n\n\nBased on the Placing Price, the Company will have a market capitalisation at\nAdmission of around £45.2 million.\n\n\nCAP-XX Chief Executive Anthony Kongats said:\n\n\n'Floating on AIM is a real milestone for CAP-XX and is pivotal in our Company's\naim to become the number one supplier of supercapacitors into the mobile devices\nmarket.'\n\n\n'We believe that there is a fantastic opportunity in this market, as mobile\nhandset providers seek to provide increasingly power hungry applications, such\nas quality flash photography. At present there is a widening gap between the\npower these applications require and the power current battery solutions\nprovide. The attributes of the CAP-XX solution means we are ideally placed to\ncapitalise on this by providing an immediate and easily accommodated solution to\nthe issue of power in mobile devices.'\n\n\n\nContact:\n\n\nCAP-XX\nAnthony Kongats, Chief Executive Officer +44 (0) 20 7554 1400\n\n\nGavin Anderson & Company (Financial PR)\nDeborah Walter / Robert Speed / Keith Brookbank +44 (0) 20 7554 1400\n\n\nCollins Stewart Limited (Nominated Adviser and Broker)\nStephen Keys +44 (0) 20 7523 8312\n\n\n\nMore information is available at www.cap-xx.com\n\n\nBusiness Summary\n\n• CAP-XX is a world leader in the design and manufacture of thin form\nsupercapacitors and energy management systems, predominantly for portable\nelectronic devices.\n\n\n• The unique feature of CAP-XX's supercapacitors is their ability to store\nhigh volumes of energy and output high power levels within a thin form\ndesign. These attributes will be critical for the next generation of high\nvolume, power-hungry portable electro...