REG - Invinity Energy Sys - Result of AGM & Short-Term Warrant General Meeting

Invinity Energy SystemsAnnouncement

31/08/2022 14:30

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RNS Number : 8031X  Invinity Energy Systems PLC  31 August 2022

 

31 August 2022

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Result of AGM and Short-Term Warrant General Meeting

 

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy storage, announces that all
resolutions were passed at the Company's Annual General Meeting, held today at
11.00 am. The result of the poll voting (including all proxies) is detailed
below.

 

    RESOLUTION                                                                     VOTES FOR*               VOTES AGAINST    WITHHELD
                                                                                   Number of votes  %       Number of votes  Number of votes
 1  To receive, consider and adopt the Company's annual accounts                   65,637,093       100     100              6,566
 2  To receive, consider and adopt the Directors' remuneration report              58,292,820       88.8    7,321,522        29,417
 3  To receive, consider and adopt the auditor's report                            65,615,763       100     161              27,835
 4  To elect and reappoint PricewaterhouseCoopers LLP as auditor and to authorise  64,221,920       97.9    1,393,980        27,859
    the Directors to fix the auditor's remuneration
 5  To empower the Directors to allot relevant securities for cash                 64,146,162       97.8    1,419,556        78,041
 6  That Resolution 5 above is valid and effective                                 64,137,479       97.9    1,407,739        98,541

 

*Any proxy appointments, which gave discretion to the Chairman, have been
included in the 'For' votes total.

 

Following the Company's Annual General Meeting, Invinity held a General
Meeting of the holders of the Short-Term Warrants at which a resolution was
tabled to extend the period during which the Short-Term Warrants may be
exercised to 15 September 2023. The result of the poll voting (including all
proxies) is detailed below.

 

    RESOLUTION                                                                      VOTES FOR*               VOTES AGAINST    WITHHELD
                                                                                    Number of votes  %       Number of votes  Number of votes
 1  That the Company be authorised to extend the Exercise Period of the Short-Term  12,247,696       100     22               7
    Warrant Instrument

 

*Any proxy appointments, which gave discretion to the Chairman, have been
included in the 'For' votes total.

 

 

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) (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 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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