Business
Proposed Placing and Proposed Sale of Sale Shares
Proposed Placing and Proposed Sale of Sale Shares.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 4595H\n CAP-XX Limited\n 03 August 2021\n \n \n \n \n THIS ANNOUNCEMENT (INCLUDING THE APPENDIX) AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT THE START OF THE APPENDIX.\n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES IN CAP-XX LIMITED OR ANY OTHER ENTITY IN ANY JURISDICTION. NEITHER THIS ANNOUNCEMENT NOR THE FACT OF ITS DISTRIBUTION, SHALL FORM THE BASIS OF, OR BE RELIED ON IN CONNECTION WITH ANY INVESTMENT DECISION IN RESPECT OF CAP-XX LIMITED.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.\n \n \n \n \n \n 3 August 2021\n \n \n \n \n \n CAP-XX Limited\n \n \n \n \n \n (\"CAP-XX\", or the \"Company\")\n \n \n \n \n \n Proposed Placing to raise up to £2.84 million\n \n \n \n \n \n Proposed Sale of Sale Shares\n \n \n \n \n \n CAP-XX Limited, a world leader in the design and manufacture of supercapacitors and energy management systems, today announces its intention to raise gross proceeds of up to £2.84 million before expenses by way of a placing of new Ordinary Shares of no par value, (the \"New Shares\") alongside the sale of up to 10,498,700 existing Ordinary Shares of no par value (the \"Sale Shares\") (together, the \"Placing\"). \n It is intended that the New Shares and the Sale Shares (together, the \"Placing Shares\"), will be sold \n to new and existing institutional investors at a fixed price of 5.5 pence per Placing Share (the \"Issue Price\")\n . \n \n \n \n \n \n The Sale Shares are currently held by Smartequity EIS Pty Ltd (the \"Selling Shareholder\n \"), the independent third party with responsibility for managing the Company's employee share plan, on behalf of certain of the Compan...