t
| Date | 31 Aug 2021 |
| Time | 07:01:06 |
| Category | Miscellaneous |
| ID | 1076K |
31 August 2021
Invinity Energy Systems plc
("Invinity" or the "Company")
Statement re: Notification of Major Holdings
Invinity Energy Systems plc (AIM:IES), leading global manufacturer of vanadium flow batteries, notes the TR1 lodged on 27 August 2021 by Brantingham & Carrol International (BCI), Invinity's contract manufacturing partner and a major shareholder, notifying its sale of approximately 2,000,000 shares. The sale has been made with the full knowledge and support of the Company and its advisers. BCI remains a committed shareholder in Invinity and has informed the Company that no further share sales are anticipated during 2021.
BCI have also indicated that the majority of the proceeds from the share sale are expected to be used by BCI to fund their increased working capital requirements as a result of Invinity's growing order book and the growth of BCI's products and services in other renewable markets. This transaction will also result in improved terms of trade granted by BCI to Invinity.
Enquiries:
|
Invinity Energy Systems plc |
+44 (0)204 551 0361 |
|
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 |
|
|
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 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 10 MWh 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)204 551 0361