5th Nov 2018 12:26
LONDON (Alliance News) - CAP-XX Ltd on Monday said it has raised GBP1.8 million through a share subscription to increase product sales and complete additional licence agreements.
The energy management systems manufacturer issued 20.6 million shares at a price of 8.5 pence each. The subscription price represents a discount of 8% to the closing mid-market price on Friday.
The stock was trading 0.4% lower on the day Monday at 9.21p per share.
Following the admission, CAP-XX will have 323.8 million shares overall.
"We are delighted to receive continued support from our institutional shareholders in supporting this funding round which will accelerate the expansion of our direct sales channels for supercapacitors alongside sales through our growing portfolio of licences," said Chief Executive Anthony Kongats.
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CPX.L