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| Date | 19 Jul 2023 |
| Time | 13:23:01 |
| Category | AGMs and other meetings |
| ID | 5526G |
19 July 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Results of AGM, Short- and Long-Term Warrants General Meetings
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 a.m. 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 for the financial year ended 31 December 2022 |
118,693,455 |
99.98 |
28,321 |
1,705 |
|
2 |
To receive, consider and adopt the Directors' remuneration report for the financial year ended 31 December 2022 |
107,198,222 |
90.30 |
11,514,199 |
11,060 |
|
3 |
To receive, consider and adopt the auditor's report |
118,699,221 |
99.98 |
23,018 |
982 |
|
4 |
To elect and reappoint PricewaterhouseCoopers LLP as auditor and to authorise the Directors to fix the auditor's remuneration |
116,622,882 |
98.23 |
2,096,023 |
4,316 |
|
5 |
To empower the Directors to allot relevant securities for cash |
116,417,692 |
98.11 |
2,246,363 |
5,166 |
|
6 |
That Resolution 5 above is valid and effective |
116,533,195 |
98.17 |
2,175,572 |
14,454 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Prior to 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 amend the Subscription Price and extend the Subscription Period to 50p and 16 December 2023 respectively. 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 reprice the Short-Term Warrant Instrument to a Subscription Price of 50p and extend the Subscription Period to 16 December 2023 |
9,231,789 |
99.98 |
1,501 |
66 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Following the General Meeting of the holders of Short-Term Warrants and prior to the Company's Annual General Meeting, Invinity held a General Meeting of the holders of the Long-Term Warrants at which a resolution was tabled to amend the Subscription Price to 100p. 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 reprice the Long-Term Warrant Instrument to a Subscription Price of 100p |
9,235,250 |
100 |
250 |
207 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here.
Enquiries:
|
Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
|
Jonathan Marren, Chief Development Officer and Interim CFO Joe Worthington, Director of Communications |
|
|
|
|
|
Canaccord Genuity (Nominated Adviser and Joint Broker) |
+44 (0)20 7523 8000 |
|
Henry Fitzgerald-O'Connor / Harry Pardoe / Gordon Hamilton |
|
|
|
|
|
VSA Capital (Financial Adviser and Joint Broker) |
+44 (0)20 3005 5000 |
|
Andrew Monk / Simon Barton |
|
|
|
|
|
Tavistock (Financial PR Advisor) |
+44 (0)20 7920 3150 |
|
Simon Hudson / Charles Baister |
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 65 MWh of systems already deployed or contracted for delivery across over 70 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 in the UK on AIM and AQSE and trades in the USA on OTCQX.
To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or [email protected]