Extension of option term and Director/PDMR dealing

 

25 May 2017

CAP-XX Limited

("CAP-XX" or "the Company")

Extension of option term and Director/PDMR dealing

 

The Board of CAP-XX announces an extension to the expiry date for a grant of existing options under the CAP-XX Limited Share Option Plan ("CAP-XX Share Option Plan").

The Company currently has 25,325,000 options granted pursuant to the CAP-XX Option Plan.  3,080,000 of these options were granted on 9 October 2013 (the "2013 Options"), had an exercise price of 8.5 pence and an original expiry date of 9 October 2017 and have not subsequently been cancelled.  One quarter of the 2013 Options vested 12 months following the date of grant, with the remainder vesting 1/48 each month following the date of grant.  320,833 2013 Options have been granted but have not yet vested as at the date of this announcement.  The expiry date of the 2013 Options will now be 9 April 2018.  All other terms relating to the 2013 Options remain unchanged. The principal reason for the extension is to allow option holders the ability to exercise the 2013 Options outside of predetermined closed periods due to CAP-XX's financial reporting timetable.

The 2013 Options were issued to the employees and senior management of CAP-XX.  The table below summarises the 2013 Options granted to persons discharging managerial responsibilities (PDMR) (or persons closely associated with them). 

Directors/PDMR	Total number of 2013 Options granted	Total number of 2013 Options vested as at 25 May 2017
Patrick Elliot (Non-executive Chairman)	300,000	268,750
Bruce Grey (Non-executive director)	300,000	268,750
Anthony Kongats (Chief Executive Officer)	600,000	537,500
Michael Taylor (Chief Financial Officer)	400,000	358,333
Pierre Mars (VP, Quality & Applications)	400,000	358,333

 

The change to the expiry date of the 2013 Options is notifiable pursuant to the EU Market Abuse Regulation.  Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the requirements of the EU Market Abuse Regulation can be found below.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Patrick Elliot
2	Reason for the notification
a)	Position/status	Director - Non-Executive 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 Identification code	Ordinary shares of no par value each in CAP-XX Limited   Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Extension to expiry date for grant of options over 300,000 ordinary shares with an exercise price of 8.5p
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.5p exercise price 300,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside of trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Bruce Grey
2	Reason for the notification
a)	Position/status	Director - Non-Executive
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 Identification code	Ordinary shares of no par value each in CAP-XX Limited   Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Extension to expiry date for grant of options over 300,000 ordinary shares with an exercise price of 8.5p
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.5p exercise price 300,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside of trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Anthony Kongats
2	Reason for the notification
a)	Position/status	Director - Chief Executive Officer
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 Identification code	Ordinary shares of no par value each in CAP-XX Limited   Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Extension to expiry date for grant of options over 600,000 ordinary shares with an exercise price of 8.5p
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.5p exercise price 600,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside of trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Michael Taylor
2	Reason for the notification
a)	Position/status	Chief Financial Officer
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 Identification code	Ordinary shares of no par value each in CAP-XX Limited   Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Extension to expiry date for grant of options over 400,000 ordinary shares with an exercise price of 8.5p
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.5p exercise price 400,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside of trading venue

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Pierre Mars
2	Reason for the notification
a)	Position/status	Vice President, Applications & Quality
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 Identification code	Ordinary shares of no par value each in CAP-XX Limited   Identification code (ISIN) for CAP-XX Limited ordinary shares: AU0000XINAS1
b)	Nature of the transaction	Extension to expiry date for grant of options over 400,000 ordinary shares with an exercise price of 8.5p
c)	Price(s) and volume(s)	Price(s) Volume(s) 8.5p exercise price 400,000
d)	Aggregated information - Aggregated volume - Price	N/A - single transaction
e)	Date of the transaction	25 May 2017
f)	Place of the transaction	Outside of trading venue

 

For further information contact:

 

CAP-XX Limited

Anthony Kongats (Chief Executive Officer)                             +61 (0) 2 9428 0139

Kreab (Financial PR)

Robert Speed                                                                      +44 (0) 20 7074 1800

Allenby Capital (Nominated Adviser and Broker)

David Hart / Alex Brearley (Corporate Finance)                       +44 (0) 20 3328 5656

 

More information is available at www.cap-xx.com

 

Notes to Editors:

CAP-XX (LSE: CPX) is a world leader in the design and manufacture of thin, flat supercapacitors and energy management systems used in portable and small-scale electronic devices, and large supercapacitor based modules used 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 about CAP-XX, visit www.cap-xx.com