REG - Invinity Energy Sys - Commencement of U.S. Trading on OTCQX

Invinity Energy SystemsAnnouncement

08/08/2022 07:00

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RNS Number : 1454V  Invinity Energy Systems PLC  08 August 2022

8 August 2022

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Commencement of U.S. Trading on OTCQX

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy storage, is pleased to announce
the commencement of U.S. trading in Invinity's shares on the OTCQX Best Market
under the ticker "IESVF".

 

This development advances the Company's objective to increase U.S. investor
activity in Invinity as part of a wider U.S strategy announced via RNS on 18
May 2022.

 

Trading on the OTCQX will simplify trading and enhance liquidity for investors
in North America, a key focus market for Invinity.

 

Material advantages of the OTCQX trading of Invinity's shares include:

 

1.  Trading and settlement in US dollars (USD);

2.  Trading in the North American time zone; and

3.  Streamlined access for North American retail investors

 

The OTCQX Best Market is the highest market tier of OTC Markets on which
12,000 U.S. and global securities trade. Trading on OTCQX is intended to
enhance the visibility and accessibility of the Company to U.S. investors,
supporting greater liquidity in Invinity shares in addition to the Company's
existing listings on the AIM segment of the London Stock Exchange and the
Aquis Stock Exchange Growth Market.

 

EAS Advisors LLC acted as Invinity's US corporate adviser. B. Riley Securities
acted as the Invinity's OTCQX sponsor.

 

Larry Zulch, Chief Executive Officer at Invinity said:

 

"We are excited that we have commenced trading on the OTCQX, allowing Invinity
shares to be traded in USD for the convenience of North American investors.
Invinity's shares trading on the OTCQX provide North American investors with
exposure to Invinity, a company at the forefront of the global energy
transition.

 

We would like to thank our US corporate advisers, EAS Advisors and our OTC
Sponsor B. Riley for facilitating this important step for Invinity in
broadening our global investor base."

 

 

 

Enquiries:

 

 Invinity Energy Systems plc                             +44 (0)204 551 0361
 Peter Dixon-Clarke, Chief Financial Officer

 Joe Worthington, Director of Communications

 Canaccord Genuity (Nominated Adviser and Joint Broker)  +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor / James Asensio

 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) 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
33 MWh of systems deployed to date across more than 50 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 on the AIM Market of the London Stock Exchange and on
the Aquis Stock Exchange (AQSE). The Company also trades in the USA on OTCQX
Best Market under the symbol "IESVF".

 

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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