CAP-XX Limited, a leading company in supercapacitor and energy management systems, has announced a retail offer to raise up to 200,000. The retail offer involves the sale of ordinary shares of no par value in the capital of the company. Additionally, the company is conducting a placing and subscription of new ordinary shares to raise approximately 2.0 million before expenses at a price of 0.1 pence per new ordinary share.

The retail offer is not part of the placing and is conditional upon the passing of a resolution to be put to shareholders of the company at a General Meeting. The retail offer is open to eligible investors in the United Kingdom through the REX platform and is expected to close by 3 p.m. on 22 March 2024. The company values its retail shareholder base and believes it is appropriate to provide its existing retail shareholders in the United Kingdom the opportunity to participate in the retail offer via participating financial intermediaries.

Eligible investors wishing to subscribe for retail offer shares should contact their broker or wealth manager who will confirm if they are participating in the retail offer. There is a minimum subscription of 50 per investor, and the terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries, including relevant commission or fee charges. Once an application for retail offer shares has been made and accepted via an intermediary, it cannot be withdrawn.

The new ordinary shares will, when issued, be credited as fully paid and will rank pari passu in all respects with existing ordinary shares, including the right to receive all dividends and other distributions declared, made, or paid after their date of issue. The retail offer is offered in the United Kingdom under the exemption from the requirement to publish a prospectus in section 86(1)(e) of FSMA and is not being made into any jurisdiction other than the United Kingdom.