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Pin to quick picksInvinity Energy Regulatory News (IES)

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Result of EGM

22 Dec 2020 14:51

RNS Number : 5777J
Invinity Energy Systems PLC
22 December 2020
 

This announcement contains inside information

 

22 December 2020

 

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Result of Extraordinary General Meeting

 

Invinity Energy Systems plc (AIM:IES), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, is pleased to announce that the Resolution proposed at the Extraordinary General Meeting of the Company held at 2.00 p.m. today was duly passed.

 

All conditions of the Fundraising, except for Second Admission, set out in the Company's announcement on 3 December 2020, have now been met. Application has been made to the London Stock Exchange for 1,141,325 Open Offer Shares to be admitted to trading on AIM. The Open Offer Shares will rank pari passu with the Existing Ordinary Shares. It is expected that Second Admission will become effective and dealings in the Open Offer Shares will commence at 8.00 a.m. on 23 December 2020.

 

Following Second Admission, the Company will have 85,900,459 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The total number of voting rights in the Company is therefore 85,900,459. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

The terms used but not defined in this Announcement have the meaning given to them in the announcement published by the Company on 3 December 2020, unless otherwise stated.

 

The table below sets out the result of the poll from the Extraordinary General Meeting held today.

 

 

VOTES FOR

%

VOTES AGAINST

%

VOTES TOTAL

VOTES WITHHELD

Resolution

36,158,057

99.90

36,395

0.10

36,194,452

6,842

 

 

Enquiries:

 

Invinity Energy Systems plc

+44 (0)20 7121 6111

Larry Zulch, Chief Executive Officer

 

Peter Dixon-Clarke, Chief Financial Officer

Joe Worthington, Director of Communications

 

 

 

Canaccord Genuity (Nominated Adviser and Joint Broker)

+44 (0)20 7523 8000

Henry Fitzgerald-O'Connor / James Asensio / Angelos Vlatakis

 

VSA Capital (Financial Adviser and Joint Broker)

Andrew Monk / Simon Barton

+44 (0)20 3005 5000

 

 

 

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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. 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.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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