REG - Invinity Energy Sys - Block listing Interim Review

Invinity Energy SystemsAnnouncement

21/03/2023 07:00

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RNS Number : 5948T  Invinity Energy Systems PLC  21 March 2023

21 March 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Blocklisting Interim Update and Total Voting Rights

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy storage, provides the following
update in accordance with Schedule Six of the AIM Rules for Companies
regarding its existing block listing arrangements.

 

 Name of company                                                                 Invinity Energy Systems plc
 Name of scheme                                                                  Warrant exercise & Employee share option listing
 Period of return (from / to)                                                    21/09/2022 to 20/03/2023
 Number and Class of Securities not issued at the start of the period under the  1,500,000 Ordinary Shares of €0.01 each ("Ordinary Shares")
 scheme
 Plus: the amount for which a blocklisting application has been made since the   Nil
 last date of return
 Less: Number of securities issued under the scheme during the period            99,733 Ordinary Shares
 Equals: Balance under the scheme of securities not yet issued at the end of     1,400,267 Ordinary Shares
 the period
 Number and class of securities originally admitted and the date of admission    1,500,000 Ordinary Shares admitted on 26 September 2022

 

The Company also announces that it has issued 78 Ordinary Shares of €0.01
each (the "New Ordinary Shares") pursuant to the exercise of Short-Term
Warrants, which were issued as part of the capital raising in December 2021,
under the Company's existing block listing entitlement.

 

Following the issue of the New Ordinary Shares the issued ordinary share
capital of the Company comprises 191,032,049 ordinary shares of €0.01 each
with one vote per share. Therefore, this figure can be used by shareholders as
the denominator for the calculations by which to determine if they are
required to notify their interest in, or a change to their interest in, the
Company under the FCA's Disclosure and Transparency Rules.

 

The New Ordinary Shares are already admitted to trading on AIM under the
Company's existing block listing entitlement. An application has been made for
the New Ordinary Shares to be admitted to trading on the Aquis Stock Exchange
and dealings are expected to commence today.

 

The Company has 14,464,239 Short-Term Warrants and 14,464,478 Long-Term
Warrants outstanding, both of which are admitted to trading on the Aquis Stock
Exchange.

 

 

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

 EAS Advisors LLC (US Corporate Advisor)                     +1 (646) 495 2225
 Matthew Bonner / Chris Chesworth

 

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 (https://invinity.com/?utm_source=rns) or
call Investor Relations on +44 (0)204 551 0361.

 

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