Business
CAP-XX Result of AGM
CAP-XX Result of AGM.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \nRNS Number : 4583S CAP-XX Limited 07 November 2013 \n \n\n \nCAP-XX Limited\n(\"CAP-XX\" or the \"Company\")\nResult of Annual General Meeting\n \nThe Board of CAP-XX announces the resolution put to shareholders at the Company's Annual General Meeting held earlier today was duly passed.\n \nThe Company also provided the following update to the current operating performance:\n \n· Product Sales are running at a higher rate (6%) than the same period last year\n· Cost savings from the operational initiatives are beginning to flow and the cash burn rate is decreasing accordingly\n· Sales order book is robust and is higher than the average order balance for the previous financial year\n· The Company has received the latest instalment of the Federal Government's R&D Tax rebate. Funds received were $200k higher than budget expectations\n· Worldwide interest in the large prismatic cell in both the automotive and battery replacement continues to progress\n· Issues with the SMD packaging have been overcome and samples will be shipped to interested parties before the end of the current calendar year\n· Cash reserves balance as at the end of October is A$3.0m\n \nFor further information please contact:\n\n\n\n\nCAP-XX Limited\n \nAnthony Kongats (Chief Executive Officer)\n\n\n \n+61 (0) 2 9428 0139\n\n\n\n\nCenkos Securities\nStephen Keys/Camilla Hume (Corporate Finance)\n\n\n \n+44 (0) 20 7397 8900\n\n\n\n\nKreab Gavin Anderson & Company \nRobert Speed (Financial PR)\n \n\n\n \n+44 (0) 20 7074 1800\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END RAGLLFLLLELDIIV\n ","length":3380,"tagName":"div"}]