19th Mar 2025 07:00
19 March 2025
CAP-XX Limited
Dr. Graham Cooley appointed as Chairman
Grant of options
CAP-XX Limited (LON: CPX), a global leader in the design and manufacture of supercapacitors and energy management systems, announces a change to the structure of its Board of Directors.
After more than 12 years of service as Chairman, Pat Elliott has stepped down from that role but will remain as a Non-Executive Director. Dr. Graham Cooley, who has been a Non-Executive Director since June 2024, has assumed the role of Chairman.
This change reflects CAP-XX's decision to align the Board's leadership more closely with the Company's need for engagement with its shareholders. Dr. Cooley, who has extensive experience in the clean energy and advanced technology sectors, is based in the UK and will look to enhance communication and collaboration with investors and key stakeholders.
As part of his appointment as Chairman, Dr. Cooley has been granted 40,000,000 options (the "Options") over ordinary shares in the Company ("Ordinary Shares"), to further align his interests with those of shareholders as CAP-XX pursues its strategic objectives. The Options have an exercise price of 0.13p, being the closing mid-market price of an Ordinary share on 18 March 2025, the last practicable date prior to the grant of the Options. The five year options will vest immediately. Following this grant of Options, the total number of options outstanding over Ordinary Shares in the Company will be 264,165,000.
Pat Elliott commented: "It has been a tremendous privilege to serve as Chairman of CAP-XX for over a decade, guiding the Company through many phases of development. I am incredibly proud of what the team has accomplished and have every confidence that Graham's leadership will support our continued growth and success. I look forward to continuing to contribute as a Non-Executive Director."
Dr. Graham Cooley added: "I would like to sincerely thank Pat for his long-standing leadership and unwavering commitment to CAP-XX. His guidance has been instrumental in shaping the Company into the innovative business it is today. I am delighted to take on the role of Chairman and look forward to working with our CEO Lars Stegmann, the Board and management team to drive CAP-XX forward."
The FCA notification, made in accordance with the requirements of the UK Market Abuse Regulation, is appended further below.
For further information contact:
CAP-XX Limited
Dr. Graham Cooley (Chairman) +61 (2) 9157 0000
Lars Stegmann (Chief Executive Officer)
Allenby Capital (Nominated Adviser and Broker)
David Hart / Piers Shimwell (Corporate Finance) +44 (0) 20 3328 5656
Jos Pinnington / Tony Quirke (Sales and Corporate Broking)
Notes to Editors:
About CAP-XX
CAP-XX (LSE: CPX) is a leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and to an increasing extent, in larger applications such as automotive and renewable energy. The unique feature of CAP-XX supercapacitors is their very high-power density and high energy storage capacity in a space-efficient prismatic package. These attributes are essential in power-hungry consumer and industrial electronics and deliver similar benefits in automotive and other transportation applications.
For more information visit www.cap-xx.com
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Dr Graham Cooley | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Chairman | ||||
b) | Initial notification/Amendment | Initial Notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | CAP-XX Limited | ||||
b) | LEI | 213800HECUSIYXH3WN26 | ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Ordinary shares of no par value each | ||||
Identification code | ISIN: AU0000XINAS1 | |||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: -Aggregated volume -Price | n/a | ||||
e) | Date of the transaction | 18 March 2025 | ||||
f) | Place of the transaction | Outside of a trading venue | ||||
Related Shares:
CAP-XX