REG - Invinity Energy Sys - Result of Jersey Court Hearing

Invinity Energy SystemsAnnouncement

08/01/2025 11:30

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RNS Number : 6026S  Invinity Energy Systems PLC  08 January 2025

 

 

8 January 2025

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Result of Jersey Court Hearing

 

Further to the announcements on 22 November 2024 and 11 December 2024,
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy storage, is pleased to announce
that the Scheme, which has the effect of redomiciling the Company to the UK by
putting in place a new England and Wales incorporated parent company for the
Group, has today been sanctioned by the Jersey Court at the Jersey Court
Hearing.

 

The Scheme is expected to become effective tomorrow, and accordingly the
ordinary shares in the new parent company, which is also called Invinity
Energy Systems plc, are expected to be admitted to AIM and the AQSE Growth
Market at 8.00 a.m. on 9 January 2025 ("Admission").

 

Ordinary shares held in uncertificated form are expected to be credited to the
appropriate CREST accounts at 8.00 a.m. on 9 January 2025, replacing the
existing ordinary shares. Share certificates for ordinary shares held in
certificated form will be despatched within 14 days of Admission.

 

Following Admission, the security identifiers for the ordinary shares of
Invinity Energy Systems plc will be:

 

 ISIN   GB00BS9F9D74
 SEDOL  BS9F9D74
 TIDM   IES

 

As previously stated, the introduction of a new UK parent company for the
Invinity Group and the associated reduction of capital is not expected to have
any impact on the market value of the Company's shares.

 

In alignment with the Company's Total Voting Rights announcement on 2 January
2025, the total number of ordinary shares to be admitted to trading on AIM is
441,922,559, comprising 440,561,739 issued Ordinary Shares and 1,360,820
Ordinary Shares admitted to trading under the Blocklisting but not yet issued.
The total number of Ordinary Shares admitted to trading on the Aquis Stock
Exchange will be 440,561,739. The number of shares admitted to AIM is higher
than the number admitted to the Aquis Stock Exchange due to the Company's
blocklisting facility on AIM.

 

Other than where defined, capitalised terms used in this announcement have the
meanings given to them in the Circular
(https://invinity.com/investors/shareholder-documents/) published by the
Company on 22 November 2024.

 

Stay up to date with news from Invinity. Join the distribution list for the
Company's monthly investor newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) .

 

Enquiries:

 

 Invinity Energy Systems plc                                               +44 (0)20 4551 0361
 Jonathan Marren, Chief Executive Officer

 Joe Worthington, Senior Director, Corporate Affairs

 Canaccord Genuity (Nominated Adviser and Joint Broker)                    +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond

 VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker)  +44 (0)20 3005 5000
 Andrew Monk / Andrew Raca

 

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 75 MWh
of systems already deployed or contracted for delivery across 82 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 quoted 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) ,
sign up to our monthly Investor Newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) or contact Investor
Relations on via +44 (0)20 4551 0361 or ir@invinity.com
(mailto:ir@invinity.com) .

 

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