REG - Invinity Energy Sys - Grant of Share Options

Invinity Energy SystemsAnnouncement

11/07/2022 07:00

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RNS Number : 9268R  Invinity Energy Systems PLC  11 July 2022

11 July 2022

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Grant of Share Options

 

Further to the announcement on 7 July, the Board of Invinity Energy Systems
plc (AIM:IES and AQSE:IES), a leading global manufacturer of utility-grade
energy storage, today announces that it has approved the award of share
options to Jonathan Marren, the recently appointed Chief Development Officer,
who is now an Executive Director of the Company.

 

The Options will be awarded under the Invinity Energy Systems 2018 Employee
Share Option Plan (the "Option Plan").

 

Options over a total of 500,000 Ordinary Shares will be granted to Jonathan
Marren, of which 65,934 are under the CSOP part and 434,066 are under the
Unapproved part (the "Options"). The Options will have an exercise price of
45.5 pence per Ordinary Share. The Options will vest annually over three years
from the date of grant and are exercisable for a period of ten years from the
date of grant.

 

 1   Details of the person discharging managerial responsibilities
 a)  Name                                             Jonathan Marren
 2   Reason for the notification
 a)  Position/status                                  Chief Development Officer
 b)  Initial notification/ Amendment                  Initial notification
 3   Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                             Invinity Energy Systems plc
 b)  LEI                                              213800N2NKOTYUNRCU14
 4   Details of the transaction(s): section to be repeated for (i) each type of
     instrument; (ii) each type of transaction; (iii) each date; and (iv) each
     place where transactions have been conducted
 a)  Description of the financial instrument          Options over ordinary shares of €0.50 each ("Ordinary Shares")
 b)  Identification code of the Financial Instrument  JE00BLR94N79
 c)  Nature of the transaction                        Award of 65,934 CSOP and 434,066 Unapproved options in respect of a total of
                                                      500,000 Ordinary Shares at an exercise price of 45.5 pence per Ordinary Share
 d)  Price(s) and volume(s)

Price(s)     Volume(s)
                                                      45.5 pence   65,934

                                                      45.5 pence   434,066

 
 e)  Aggregated information:  volume, Price           Aggregated Volume: 500,000

                                                      Aggregated Price: 227,500
 f)  Date of the transaction                          11 July 2022
 g)  Place of the transaction                         Outside a trading venue

 

e)

Aggregated information:  volume, Price

Aggregated Volume: 500,000

Aggregated Price: 227,500

f)

Date of the transaction

11 July 2022

g)

Place of the transaction

Outside a trading venue

 

 

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 Hutchinson

 

Notes to Editors

 

Invinity Energy Systems plc (AIM:IES and AQSE: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).

 

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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