Business
Result of Placing and Completed Sale of Shares
Result of Placing and Completed Sale of Shares.
About this update from Cap-xx Limited
[{"type":"text","content":"\n \n \n \n RNS Number : 5252H\n CAP-XX Limited\n 04 August 2021\n \n \n \n \n THIS ANNOUNCEMENT 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. \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 \n \n \n 4 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 Result of Proposed Placing and\n \n \n \n \n \n Completed Sale of Sale Shares\n \n \n \n \n \n Further to the announcement made on 3 August 2021 by the Company in connection with the proposed placing to raise gross proceeds of up to £2.84 million (the \"Placing Announcement\"), CAP-XX, a world leader in the design and manufacture of supercapacitors and energy management systems, announces that it has conditionally raised total gross proceeds of £2.84 million before expenses by way of a placing of New Shares at an Issue Price of 5.5 pence per New Share following the closing of the Bookbuild, which was significantly oversubscribed. The Issue Price represents a 11.29 per cent. discount to the closing mid-market price per Ordinary Share on 2 August 2021.\n \n \n \n \n \n A total of 51,629,100 New Shares were placed with institutional investors. The placing of New Shares is conditional upon, among other things, Admission becoming effective. The Bookbuild was managed by Cenkos Securities plc, the Company's joint broker.\n \n \n \n \n \n In addition, the Company is pleased to announce the successful sale of 10,498,700 Sale Shares, which are currently held by the Selling Shareholder with responsibility for managing the Company's employee share plan, on be...