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Market Cap: £212.72m
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DTC Eligibility Secured for U.S. OTC Trading

24 Jan 2023 12:05

RNS Number : 7149N
Invinity Energy Systems PLC
24 January 2023
 

24 January 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Invinity secures DTC Eligibility for U.S. OTC trading

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that it has secured DTC Eligibility to allow real-time electronic clearing and settlement in the United States for its OTCQX-listed ordinary shares through The Depository Trust Company ("DTC"). DTC Eligibility accelerates the settlement period for Invinity's OTCQX listed shares and reduces costs for investors and brokers, allowing the Company's shares to be traded though a wider selection of U.S. brokerage firms. The move is expected to further enhance the liquidity of Invinity's shares in North America.

 

DTC is a subsidiary of the Depository Trust and Clearing Corporation, a U.S. company that manages the electronic clearing and settlement of publicly traded companies. DTC Eligibility incorporates an electronic method of clearing securities, speeding up the receipt of stock and cash, and thus accelerates the settlement process for certain investors. DTC is a member of the U.S. Federal Reserve System, a limited-purpose trust company under New York State banking law and a registered clearing agency with the U.S. Securities and Exchange Commission.

 

The achievement of DTC Eligibility further advances the Company's objective to increase U.S. investor activity in Invinity as part of a wider U.S strategy announced via RNS on 18 May 2022.

 

Larry Zulch, Chief Executive Officer at Invinity said:

 

"Securing DTC Eligibility completes our goal of enabling U.S. investors to easily trade in Invinity's shares under our OTCQX listing. Real-time electronic clearing and settlement streamlines investor access in an important market for Invinity."

 

 

Enquiries:

 

Invinity Energy Systems plc

+44 (0)20 4551 0361

Jonathan Marren, Chief Development Officer and Interim CFO

Joe Worthington, Director of Communications

 

EAS Advisors LLC (US Corporate Advisor)

+1 (646) 495 2225

Matthew Bonner / Chris Chesworth

 

Notes to Editors

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.

 

Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. 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 33 MWh of systems deployed to date across more than 50 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and Australia. Invinity Energy Systems plc is listed on the AIM Market of the London Stock Exchange and on the Aquis Stock Exchange (AQSE). The Company trades in the USA on OTCQX under the symbol "IESVF".

 

To find out more, visit invinity.com or call Investor Relations on +44 (0)204 551 0361.

 

About Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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