Last checked at 9 Apr 2020 10:20
9 April 2020
Invinity Energy Systems plc
("Invinity" or the "Company")
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
Invinity Energy Systems plc (AIM:IES), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, has received notification from Mr Neil O'Brien (Non-Executive Chairman) and Mr Lawrence Zulch (Chief Executive Officer), being persons discharging managerial responsibilities, of the purchase of shares set out in the notification of dealing form below. This information is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.
1 | Details of the person discharging managerial responsibilities | |||||||
a) | Name | Neil O'Brien | ||||||
2 | Reason for the notification | |||||||
a) | Position/status | 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 | 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 | Purchase of shares | ||||||
d) | Price(s) and volume(s) |
| ||||||
e) | Aggregated information: volume, Price | Aggregated Volume: 40,000 Aggregated Price: GBP 18,370 | ||||||
f) | Date of the transaction | 8 April 2020 | ||||||
g) | Place of the transaction | London Stock Exchange (XLON) | ||||||
1 | Details of the person discharging managerial responsibilities | |||||
a) | Name | Lawrence Zulch | ||||
2 | Reason for the notification | |||||
a) | Position/status | 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 | 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 | Purchase of shares | ||||
d) | Price(s) and volume(s) |
| ||||
e) | Aggregated information: volume, Price | Aggregated Volume: 40,000 Aggregated Price: GBP 19,794 | ||||
f) | Date of the transaction | 8 April 2020 | ||||
g) | Place of the transaction | London Stock Exchange (XLON) | ||||
Enquiries:
redT energy plc | +44 (0)20 7121 6111 |
Neil O'Brien, Chairman Larry Zulch, Chief Executive Officer | |
Fraser Welham, Chief Financial Officer Joe Worthington, Head of External Communications | |
Investec Bank plc (Nominated Adviser and Broker) | +44 (0)20 7597 5970 |
Jeremy Ellis / Chris Sim / Cassie Herlihy
| |
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Andrew Raca | +44 (0)20 3005 5000
|
Hudson Sandler (Financial PR) Nick Lyon / Toby Andrews | +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 that make low-carbon renewable generation reliable, Invinity's highly scalable, factory-built flow battery products 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.