Invinity Energy Systems PLC Placing Update (7777Q)
23 Febbraio 2023 - 8:00AM
UK Regulatory
TIDMIES
RNS Number : 7777Q
Invinity Energy Systems PLC
23 February 2023
23 February 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Placing Update
Further to the announcement regarding the Placing, Subscription
and Open Offer released yesterday evening, Invinity is pleased to
confirm that the Placing is now oversubscribed and in response to
demand, the Directors are expecting to increase the size of the
offering. The Company will provide a full update on the result of
the Placing shortly.
Capitalised terms used in this announcement have the meanings
given to them in the announcement released by the Company at 5pm
(UK time) on 22 February 2023.
Enquiries :
Invinity Energy Systems plc +44 (0)204 551 0361
Jonathan Marren, Chief Development Officer and
Interim CFO
Joe Worthington, Director of Communications
Canaccord Genuity (Nominated Adviser and Joint +44 (0) 20 7523
Broker) 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
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 or call Investor Relations
on +44 (0)204 551 0361.
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END
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