t
| Date | 27 Oct 2021 |
| Time | 16:03:37 |
| Category | AGMs and other meetings |
| ID | 4781Q |
27 October 2021
Invinity Energy Systems plc
("Invinity" or the "Company")
Result of AGM
Invinity Energy Systems plc (AIM:IES), leading global manufacturer of utility-grade energy storage, announces that all resolutions were passed at the Company's Annual General Meeting, held today at 10am. The result of the poll voting (including all proxies) is detailed below.
|
|
RESOLUTION |
VOTES FOR* |
VOTES AGAINST |
WITHHELD |
|
|
|
|
Number of votes |
% |
Number of votes |
Number of votes |
|
1 |
To receive, consider and adopt the Company's annual accounts |
29,340,526 |
84.33 |
5,449,969 |
2,669 |
|
2 |
To receive, consider and adopt the Directors' remuneration report. |
25,984,728 |
74.69 |
8,803,486 |
4,950 |
|
3 |
To receive, consider and adopt the auditors' report |
34,187,936 |
98.30 |
591,785 |
13,443 |
|
4 |
To elect and reappoint PricewaterhouseCoopers LLP as auditors and to authorise the Directors to fix the auditors' remuneration. |
33,558,645 |
96.46 |
1,231,139 |
3,380 |
|
5 |
To empower the Directors to allot the GaE Option Shares for cash. |
34,731,853 |
99.84 |
56,149 |
5,162 |
|
6 |
To empower the Directors to allot relevant securities for cash. |
30,100,877 |
86.52 |
4,688,907 |
3,380 |
|
7 |
That Resolutions 5 and 6 above are valid and effective. |
30,099,095 |
86.52 |
4,688,907 |
5,162 |
|
8 |
That the Company's 'new' memorandum and articles of association are adopted. |
27,807,503 |
80.01 |
6,947,451 |
38,210 |
*Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.
The Board notes that Resolution 2 passed with the necessary majority, but with less than 80% in favour. In line with best corporate governance practices, the Board will continue to engage with shareholders to understand and discuss their concerns with respect to the above resolution and will provide an update in due course.
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