IES Invinity Energy Systems Plc

TIDMIES

RNS Number : 9978Q

Invinity Energy Systems PLC

24 February 2023

24 February 2023

Invinity Energy Systems plc

("Invinity" or the "Company")

Posting of Circular and Notice of General Meeting

Further to yesterday's Result of Placing announcement, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage , confirms that the shareholder Circular providing further details of the Placing, Subscription and the Open Offer and seeking approval for the Placing, Subscription and the Open Offer has been posted to shareholders today. The Circular contains a Notice of General Meeting to be held at the offices of Canaccord Genuity Ltd, 88 Wood Street, London EC2V 7QR on 15 March 2023 at 11.00 a.m. (UK Time).

A copy of the Circular, Open Offer Application Form and Form of Proxy will shortly be available from the Shareholder Documents section of the Company's investor portal https://invinity.com/investors/shareholder-documents/ . Other than where defined, capitalised terms used in this announcement have the meanings given to them in the Announcement released by the Company at 5.00 p.m. (UK time) on 22 February 2023.

Please note that only formal business will be conducted during the General Meeting and there will be no presentations given by management. Due to capacity constraints, shareholders wishing to attend the General Meeting are requested to RSVP via ir@invinity.com no later than 9.00 a.m. on 14 March 2023, being the day prior to the meeting. The Company also intends to upload a recording of the formal business of the General Meeting to its website in due course.

Voting

Shareholders are strongly encouraged to appoint the Chairman of the General Meeting as their proxy so that their vote will be counted if ultimately they (or any other proxy they might otherwise appoint) are not able to attend. Note that submitting a proxy will not preclude shareholders from attending and voting at the General Meeting in person if they wish to do so.

Completed forms of proxy must be scanned and emailed to #UKCSBRS.ExternalProxyQueries@computershare.co.uk or submitted via post. Completed proxies must be received by the registrar no later than 11.00 a.m. on 13 March 2023 in order to be valid.

For assistance in submitting forms of proxy please email ir@invinity.com .

Timetable of principal events

 
Record Date for entitlements under the Open                     21 February 2023 
 Offer 
Announcement of the Fundraising                         5.00 p.m. on 22 February 
                                                                            2023 
Posting of this Document, Proxy Form and,                       24 February 2023 
 to Qualifying Non-Crest Shareholders, the 
 Application Form 
Ex-entitlement date of the Open Offer                   8.00 a.m. on 23 February 
                                                                            2023 
Open Offer Entitlements and Excess CREST                  as soon as practicable 
 Open Offer Entitlements credited to stock                                 after 
 accounts in CREST of Qualifying CREST Shareholders     8.00 a.m. on 28 February 
                                                                            2023 
Latest recommended time and date for requesting        4.30 p.m. on 8 March 2023 
 withdrawal of CREST Open Offer Entitlements 
 and Excess CREST Open Offer Entitlements 
Latest time and date for depositing CREST              3.00 p.m. on 9 March 2023 
 Open Offer Entitlements and Excess CREST 
 Open Offer Entitlements 
Latest time and date for splitting of Application     3.00 p.m. on 10 March 2023 
 Forms under the Open Offer (to satisfy bona 
 fide market claims only) 
Latest time and date for receipt of Forms                 11.00 a.m. on 13 March 
 of Proxy and CREST voting instructions                                     2023 
Latest time and date for receipt of completed             11.00 a.m. on 14 March 
 Application Forms and payment in full under                                2023 
 the Open Offer and settlement of relevant 
 CREST instructions (as appropriate) 
General Meeting                                           11.00 a.m. on 15 March 
                                                                            2023 
Results of the General Meeting and the Open                        15 March 2023 
 Offer announced 
First Admission and dealings in the New               8.00 a.m. on 16 March 2023 
 Ordinary Shares expected to commence on 
 AIM and AQSE 
Where applicable, expected date for CREST                          16 March 2023 
 accounts to be credited in respect of the 
 New Ordinary Shares 
Where applicable, expected date for despatch         within 14 days of Admission 
 of definitive share certificates for New 
 Ordinary Shares in certificated form 
Second Admission and dealings in the Subscription      no later than 23 May 2023 
 Shares expected to commence on AIM and AQSE 
 

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 
 
 

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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