Business
Board Changes and Grant of Share Options
Board Changes and Grant of Share Options.
About this update from Cap-xx Limited
[{"type":"text","content":"\n\n18 June 2024\nCAP-XX Limited\n(\"CAP-XX\" or \"the Company\")\nBoard Changes and Grant of Share Options\nThe Board of CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, is pleased to announce the appointment of Dr Graham Cooley, Peter Fraser and Dr Anthony Sive as Non-Executive Directors of the Company with immediate effect.\nHighlights\n§ Appointment of three experienced Non-Executive Directors\n§ Restructured Board strengthens business development, financial and corporate governance experience, in conjunction with recent appointment of Joanna Morbey as Company Secretary\n§ Comprehensive Capital Markets update to be held following publication of the Company's results for the year ending 30 June 2024\n§ Grant of options to certain PDMRs and employees\n \nA Strengthened Board\nDr Graham Cooley, Peter Fraser and Dr Anthony Sive will join the CAP-XX Board with immediate effect. The CAP-XX board restructuring strengthens the Company's capabilities and corporate governance for the next stage of its growth and is a further step in the corporate transformation of CAP-XX led by the Chairman, Pat Elliott and the Chief Executive, Lars Stegmann.\nPat Elliott, Chairman of CAP-XX, commented: \"I am delighted to be welcoming Graham, Peter and Anthony to the CAP-XX board. They bring extensive and very relevant experience which will prove invaluable as we further exploit the opportunities in numerous applications for the CAP-XX supercapacitor technologies.\"\nLars Stegmann, Chief Executive of CAP-XX, commented: \"FY2024 has been a period of growth, strategic integration and achievement. We have strengthened our leading position in the market, expanded our capabilities and positioned ourselves for further success. At CAP-XX, our primary focus is to optimise production and maximise the commercial applications of our current and emerging technologies. We are dedicated to expanding our global network to leverage strong market growth and are committed to enhancing our margins and cash flow. I look forward to working with the new board to achieve these goals.\"\nInformation on new Directors and Company Secretary\nDr Graham Cooley brings a wealth of relevant experience and knowledge to the CAP-XX Board through his background in the power, energy storage and hydrogen sectors over more...