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Invinity Energy Systems plc held its Annual General Meeting on 10 July 2025, where all 13 proposed resolutions were passed with 'for' votes ranging from 97.74% to 100%. These resolutions included the re-election of BDO LLP as auditor and the election of seven new directors. Following the AGM, Director Michael Farrow retired from the Board after nearly two decades of service.
| Date | 10 Jul 2025 |
| Time | 16:30:43 |
| Category | AGMs and other meetings |
| ID | 6180Q |
10 July 2025
Invinity Energy Systems plc
("Invinity" or the "Company")
Result of Annual General Meeting
Invinity Energy Systems plc (AIM: 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 ("AGM"), held today at 3.00 p.m. The result of the poll voting (including all proxies) is detailed below.
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RESOLUTION |
VOTES FOR* |
VOTES AGAINST |
WITHHELD |
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|
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Number of votes |
% |
Number of votes |
Number of votes |
|
1 |
To receive, consider and adopt Invinity Jersey's annual report and financial statements for the financial year ended 31 December 2024 |
281,844,324 |
100 |
4,956 |
207,461 |
|
2 |
To receive, consider and adopt the Directors' remuneration report for the financial year ended 31 December 2024 |
277,057,777 |
98.28 |
4,836,815 |
162,149 |
|
3 |
To receive, consider and adopt the auditor's report on the Invinity Jersey's annual report and financial statements and the auditable part of the remuneration report for the financial year ended 31 December 2024 |
281,738,600 |
99.95 |
144,412 |
173,729 |
|
4 |
To elect and reappoint BDO LLP as auditor and to authorise the Directors to fix the auditor's remuneration |
279,651,088 |
99.22 |
2,189,033 |
216,620 |
|
5 |
To elect Neil O'Brien as a Director |
275,460,092 |
97.74 |
6,356,647 |
240,002 |
|
6 |
To elect Rajat Kohli as a Director |
281,795,655 |
99.99 |
21,084 |
240,002 |
|
7 |
To elect Kristina Peterson as a Director |
281,746,783 |
99.98 |
65,312 |
244,646 |
|
8 |
To elect Margaret Amos as a Director |
281,785,497 |
99.99 |
31,242 |
240,002 |
|
9 |
To elect Jonathan Marren as a Director |
281,806,160 |
99.97 |
70,579 |
180,002 |
|
10 |
To elect Matthew Harper as a Director |
281,852,244 |
99.99 |
19,851 |
184,646 |
|
11 |
To elect Adam Howard as a Director |
281,801,516 |
99.97 |
70,579 |
184,646 |
|
12 |
To authorise the Directors to allot shares |
281,442,437 |
99.84 |
458,015 |
156,289 |
|
13 |
To approve the disapplication of shareholder pre-emption rights |
278,882,244 |
99.20 |
2,257,009 |
917,488 |
*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.
Following the conclusion of the AGM, Michael Farrow has now officially retired from the Board of Invinity. Addressing Michael's considerable service to the Company, Neil O'Brien, Non-Executive Chair of Invinity said:
"For nearly two decades as the Company's Jersey-based director, Michael has expertly guided the Board of Invinity for which we are indebted to him. His support and wisdom throughout this time is testament to both his skill as a non-executive director and his commitment to the best interests of our shareholders. On behalf of the Board and all Invinity staff, we wish him all the best in his retirement."
Stay up to date with news from Invinity. Join the distribution list for the Company's monthly investor newsletter here.
Enquiries:
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Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
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Jonathan Marren, Chief Executive Officer Joe Worthington, Senior Director, Corporate Affairs |
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Canaccord Genuity (Nominated Adviser and Joint Broker) |
+44 (0)20 7523 8000 |
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Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond |
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VSA Capital (Financial Adviser and Joint Broker) |
+44 (0)20 3005 5000 |
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Andrew Monk / Andrew Raca |
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Notes to Editors
Invinity Energy Systems plc (AIM: 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 up to 30 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 more than 190 MWh of systems deployed, contracted for delivery or awarded for projects across more than 90 sites in 17 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA and China. Invinity Energy Systems plc is quoted in the UK on AIM 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 ir@invinity.com.