Business
Update on litigation
Update on litigation.
About this update from Cap-xx Limited
[{"type":"text","content":"\n\n \nDissemination of a Regulatory Announcement that contains inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310.\n \n14 March 2024\nCAP-XX Limited\n(\"CAP-XX\" or the \"Company\")\nUpdate on litigation\n \nFurther to the Company's announcement on 28 February 2024, CAP-XX Limited ('the Company'), a world leader in the design and manufacture of supercapacitors and energy management systems, provides the following update.\nMaxwell will be applying to the Court for a further extension of time to lodge an application for a claim of costs against CAP-XX before the end of the current week. To emphasise, this filing is purely procedural and does not substantively impact CAP-XX. Maxwell and CAP-XX have an agreement in principle and are in final negotiations to ensure that this issue and all litigation matters with Maxwell/Tesla are resolved as soon as possible. These negotiations are anticipated to be completed in the coming weeks.\n \n \nFor further information contact:\nCAP-XX Limited\nPat Elliott (Chairman) +61 (2) 9157 0000\nLars Stegmann (Chief Executive Officer)\n \nAllenby Capital (Nominated Adviser and Joint Broker)\nDavid Hart / Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656\nTony Quirke / Stefano Aquilino (Sales and Corporate Broking)\n \nCavendish Securities plc (Joint Broker)\nNeil McDonald / Pearl Kellie &nb...