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| Date | 31 Aug 2022 |
| Time | 14:17:44 |
| Category | AGMs and other meetings |
| ID | 8031X |
31 August 2022
Invinity Energy Systems plc
("Invinity" or the "Company")
Result of AGM and Short-Term Warrant General Meeting
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, announces that all resolutions were passed at the Company's Annual General Meeting, held today at 11.00 am. 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 |
65,637,093 |
100 |
100 |
6,566 |
|
2 |
To receive, consider and adopt the Directors' remuneration report |
58,292,820 |
88.8 |
7,321,522 |
29,417 |
|
3 |
To receive, consider and adopt the auditor's report |
65,615,763 |
100 |
161 |
27,835 |
|
4 |
To elect and reappoint PricewaterhouseCoopers LLP as auditor and to authorise the Directors to fix the auditor's remuneration |
64,221,920 |
97.9 |
1,393,980 |
27,859 |
|
5 |
To empower the Directors to allot relevant securities for cash |
64,146,162 |
97.8 |
1,419,556 |
78,041 |
|
6 |
That Resolution 5 above is valid and effective |
64,137,479 |
97.9 |
1,407,739 |
98,541 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Following the Company's Annual General Meeting, Invinity held a General Meeting of the holders of the Short-Term Warrants at which a resolution was tabled to extend the period during which the Short-Term Warrants may be exercised to 15 September 2023. 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 |
That the Company be authorised to extend the Exercise Period of the Short-Term Warrant Instrument |
12,247,696 |
100 |
22 |
7 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Enquiries:
|
Invinity Energy Systems plc |
+44 (0)204 551 0361 |
|
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) |
+44 (0)20 3005 5000 |
|
Andrew Monk / Simon Barton |
|
|
|
|
|
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 also trades in the USA on OTCQX Best Market under the symbol "IESVF".
To find out more, visit invinity.com or call Investor Relations on +44 (0)204 551 0361.