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

Invinity Energy SystemsAnnouncement

24/02/2023 17:00

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RNS Number : 9978Q  Invinity Energy Systems PLC  24 February 2023

24 February 2023

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
approval for the Placing, Subscription and the Open Offer has been 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 15 March 2023 at 11.00 a.m. (UK Time).

 

A copy of the Circular, Open Offer Application Form and Form of Proxy will
shortly be 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 5.00 p.m. (UK time) on
22 February 2023.

 

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 14 March 2023, 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 in due course.

 

Voting

Shareholders are strongly encouraged to appoint the Chairman of the General
Meeting as their proxy so that their vote will be counted if ultimately 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 13 March 2023 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                               21 February 2023
 Announcement of the Fundraising                                                 5.00 p.m. on 22 February 2023
 Posting of this Document, Proxy Form and, to Qualifying Non-Crest               24 February 2023
 Shareholders, the Application Form
 Ex-entitlement date of the Open Offer                                           8.00 a.m. on 23 February 2023
 Open Offer Entitlements and Excess CREST Open Offer Entitlements credited to    as soon as practicable after
 stock accounts in CREST of Qualifying CREST Shareholders

                                                                                 8.00 a.m. on 28 February 2023
 Latest recommended time and date for requesting withdrawal of CREST Open Offer  4.30 p.m. on 8 March 2023
 Entitlements and Excess CREST Open Offer Entitlements
 Latest time and date for depositing CREST Open Offer Entitlements and Excess    3.00 p.m. on 9 March 2023
 CREST Open Offer Entitlements
 Latest time and date for splitting of Application Forms under the Open Offer    3.00 p.m. on 10 March 2023
 (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 13 March 2023
 instructions
 Latest time and date for receipt of completed Application Forms and payment in  11.00 a.m. on 14 March 2023
 full under the Open Offer and settlement of relevant CREST instructions (as
 appropriate)
 General Meeting                                                                 11.00 a.m. on 15 March 2023
 Results of the General Meeting and the Open Offer announced                     15 March 2023
 First Admission and dealings in the New Ordinary Shares expected to commence    8.00 a.m. on 16 March 2023
 on AIM and AQSE
 Where applicable, expected date for CREST accounts to be credited in respect    16 March 2023
 of the New Ordinary Shares
 Where applicable, expected date for despatch of definitive share certificates   within 14 days of Admission
 for New Ordinary Shares in certificated form
 Second Admission and dealings in the Subscription Shares expected to commence   no later than 23 May 2023
 on AIM and AQSE

 

 

 

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

 

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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