3 May 2024
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
shareholder approval for the Placing, Subscription and the Open
Offer will be 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 22 May 2024 at
11.00 a.m. (UK time).
A copy of the Circular, Open Offer
Application Form and Form of Proxy are 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 4.44 p.m. (UK time) on 1 May
2024.
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 21 May 2024, 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.
Voting
Shareholders are strongly encouraged
to appoint the Chairman of the General Meeting as their proxy so
that their vote will be counted if 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 20 May 2024
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 Offer
|
30 April
2024
|
|
Announcement of the
Fundraising
|
4.35 p.m.
on 1 May 2024
|
|
Ex-entitlement date of the Open
Offer
|
8.00
a.m. on 2 May 2024
|
|
Posting of the Circular, Proxy Form
and, to Qualifying Non-Crest Shareholders, the Application
Form
|
3 May
2024
|
|
Open Offer Entitlements and Excess
CREST Open Offer Entitlements credited to stock accounts in CREST
of Qualifying CREST Shareholders
|
as soon as
practicable after 8.00 a.m. on 7 May
2024
|
|
Latest recommended time and date for
requesting withdrawal of CREST Open Offer Entitlements and Excess
CREST Open Offer Entitlements
|
4.30 p.m.
on 15 May 2024
|
|
Latest time and date for depositing
CREST Open Offer Entitlements and Excess CREST Open Offer
Entitlements
|
3.00 p.m.
on 16 May 2024
|
|
Latest time and date for splitting
of Application Forms under the Open Offer (to satisfy bona fide
market claims only)
|
3.00 p.m.
on 17 May 2024
|
|
Latest time and date for receipt of
Forms of Proxy and CREST voting instructions
|
11.00 a.m.
on 20 May 2024
|
|
Latest time and date for receipt of
completed Application Forms and payment in full under the Open
Offer and settlement of relevant CREST instructions (as
appropriate)
|
11.00 a.m.
on 21 May 2024
|
|
General Meeting
|
11.00 a.m.
on 22 May 2024
|
|
Results of the General Meeting and
the Open Offer announced
|
22 May
2024
|
|
Admission and dealings in the new
Ordinary Shares expected to commence on AIM and AQSE Growth
Market
|
8.00 a.m.
on 24 May 2024
|
|
Where applicable, expected date for
CREST accounts to be credited in respect of the Placing Shares and
Open Offer Shares
|
24 May
2024
|
|
Where applicable, expected date for
despatch of definitive share certificates for Placing Shares and
Open Offer Shares in certificated form
|
within 14
days of Admission
|
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 Financial
Officer and Chief Development Officer
Joe Worthington, Director of
Communications
|
|
|
|
|
|
Canaccord Genuity (Nominated Adviser
and Joint Broker)
|
+44 (0)20 7523 8000
|
|
Henry Fitzgerald-O'Connor / Harry
Pardoe / Ana Ercegovic
|
|
|
|
|
|
VSA
Capital (AQSE Corporate Advisor, Financial Adviser and Joint
Broker)
|
+44 (0)20 3005 5000
|
|
Andrew Monk / Andrew Raca
|
|
|
|
|
|
Tavistock (Financial PR Advisor)
|
+44 (0)20 7920 3150
|
|
Simon Hudson / Saskia
Sizen
|
invinity@tavistock.co.uk
|
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 75 MWh of systems already deployed or contracted for
delivery across 82 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
ir@invinity.com.