REG - Invinity Energy Sys - Posting of Circular and Notice of General Meeting

Invinity Energy SystemsAnnouncement

03/05/2024 13:45

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RNS Number : 2277N  Invinity Energy Systems PLC  03 May 2024

 

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/
(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 (mailto: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
(mailto:#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
(mailto: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,  3 May 2024
 the Application Form
 Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to    as soon as practicable after 8.00 a.m. on 7 May 2024
 stock accounts in CREST of Qualifying CREST Shareholders
 Latest recommended time and date for requesting withdrawal of CREST Open Offer  4.30 p.m. on 15 May 2024
 Entitlements and Excess CREST Open Offer Entitlements
 Latest time and date for depositing CREST Open Offer Entitlements and Excess    3.00 p.m. on 16 May 2024
 CREST Open Offer Entitlements
 Latest time and date for splitting of Application Forms under the Open Offer    3.00 p.m. on 17 May 2024
 (to satisfy bona fide market claims only)
 Latest time and date for receipt of Forms of Proxy and CREST voting             11.00 a.m. on 20 May 2024
 instructions
 Latest time and date for receipt of completed Application Forms and payment in  11.00 a.m. on 21 May 2024
 full under the Open Offer and settlement of relevant CREST instructions (as
 appropriate)
 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   8.00 a.m. on 24 May 2024
 and AQSE Growth Market
 Where applicable, expected date for CREST accounts to be credited in respect    24 May 2024
 of the Placing Shares and Open Offer Shares
 Where applicable, expected date for despatch of definitive share certificates   within 14 days of Admission
 for Placing Shares and Open Offer Shares in certificated form

 

Stay up to date with news from Invinity. Join the distribution list for the
Company's monthly investor newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) .

 

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 (mailto: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 (https://invinity.com/?utm_source=rns) ,
sign up to our monthly Investor Newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) or contact Investor
Relations on via +44 (0)20 4551 0361 or ir@invinity.com
(mailto:ir@invinity.com) .

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