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| Date | 7 Mar 2022 |
| Time | 11:43:54 |
| Category | AGMs and other meetings |
| ID | 8682D |
7 March 2022
Invinity Energy Systems plc
("Invinity" or the "Company")
Result of General Meetings of Warrantholders
Invinity Energy Systems plc (AIM:IES), leading global manufacturer of utility-grade energy storage, is pleased to announce that at the General Meetings of Warrantholders, held on 7 March, 2022 the resolutions to enable the instruments constituting the Warrants to be amended were passed.
All of the conditions of Admission to AQSE set out in the Company's announcement on 16 February 2022, have now been met. Accordingly, application has been made for 116,048,708 Ordinary Shares to be admitted to trading on the Apex Segment of the Aquis Stock Exchange Growth Market and for 14,465,030 Short-Term Warrants and 14,465,030 Long-Term Warrants to be admitted to trading on the Access Segment of the Aquis Stock Exchange Growth Market.
Admission to AQSE is expected to become effective and dealings commence at 8.00 a.m. on 9 March 2022.
The result of the voting (including all proxies) is detailed below.
|
RESOLUTION |
VOTES FOR* |
VOTES AGAINST |
WITHHELD |
|
|
|
Number of votes |
% |
Number of votes |
Number of votes |
|
THAT the Company be authorised to amend the Short-Term Warrant Instrument |
9,055,868 |
99.99 |
1,019 |
93 |
|
THAT the Company be authorised to amend the Long-Term Warrant Instrument |
11,915,914 |
99.99 |
1,029 |
93 |
*Any proxy appointments, which gave discretion to the Chairman have been included in the 'For' votes total.
No Ordinary Shares are held in treasury. The total number of voting rights in the Company is therefore 116,048,708. 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 18 November 2021, unless otherwise stated.
Enquiries:
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Invinity Energy Systems plc |
+44 (0)204 551 0361 |
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Peter Dixon-Clarke, Chief Financial Officer Joe Worthington, Director of Communications |
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Canaccord Genuity (Nominated Adviser and Joint Broker) |
+44 (0)20 7523 8000 |
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Henry Fitzgerald-O'Connor / James Asensio |
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VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Simon Barton |
+44 (0)20 3005 5000
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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 25 MWh of systems deployed to date across more than 40 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China, Australia 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