Last checked at 16 Feb 2021 07:00
16 February 2021
Invinity Energy Systems plc
("Invinity" or the "Company")
Director / PDMR Shareholding
Invinity Energy Systems plc (AIM:IES), announces that it has been informed that on 15 February 2021, Jonathan Marren, a person discharging managerial responsibility (PDMR) in the Company, has, in order to effect a "Bed and ISA" transaction, sold 26,042 Ordinary Shares at a price of 206.0p per ordinary share and then repurchased into his Individual Savings Account (ISA), the same number of 26,042 Ordinary shares at a price of 206.1p per Ordinary Share.
Following the completion of the sale and purchase, his ultimate beneficial ownership is unchanged and remains at 155,876, representing 0.18% of the Company's total voting rights.
This announcement, including the notification below, is made in accordance with the requirements of the EU Market Abuse Regulation.
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Jonathan Marren | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | Non-Executive Director | ||||||
b) | Initial notification/ Amendment | Initial notification | ||||||
3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||||
a) | Name | Invinity Energy Systems plc | ||||||
b) | LEI | 213800N2NKOTYUNRCU14 | ||||||
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 | Ordinary shares of €0.50 each | ||||||
b) | Identification code of the Financial Instrument | JE00BLR94N79 | ||||||
c) | Nature of the transaction | Sale and purchase of shares | ||||||
d) | Price(s) and volume(s) |
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e) | Aggregated information: volume, Price | n/a | ||||||
f) | Date of the transaction | 15 February 2021 | ||||||
g) | Place of the transaction | London Stock Exchange (XLON) | ||||||
Enquiries:
Invinity Energy Systems plc | +44 (0)20 7121 6111 |
Larry Zulch, Chief Executive Officer |
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Peter Dixon-Clarke, Chief Financial Officer Joe Worthington, Director of Communications |
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Canaccord Genuity (Nominated Adviser and Joint Broker) | +44 (0)20 7523 8000 |
Henry Fitzgerald-O'Connor / James Asensio / Angelos Vlatakis |
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VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Simon Barton | +44 (0)20 3005 5000
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Hudson Sandler (Financial PR) Nick Lyon / Nick Moore | +44(0) 207 796 4133 |
Notes to Editors
Invinity Energy Systems plc (AIM:IES) manufactures vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks.
Developed specifically for high-utilisation applications, Invinity's highly scalable, factory-built flow battery products make low-carbon renewable generation reliable and can run continually with no degradation, charging and discharging for over 25 years. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.
Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With over 10MWh of systems deployed to date across 40 sites in 14 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and South Africa. Invinity Energy Systems plc is listed on the London Stock Exchange.
To find out more, visit invinity.com or call Investor Relations on +44 (0) 207 121 6111.