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 |
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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
