REG - Invinity Energy Sys - Result of Meetings

Invinity Energy SystemsAnnouncement

19/07/2023 13:30

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RNS Number : 5526G  Invinity Energy Systems PLC  19 July 2023

 

 

19 July 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Results of AGM, Short- and Long-Term Warrants General Meetings

 

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 a.m. 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 for the financial  118,693,455      99.98   28,321           1,705
    year ended 31 December 2022
 2  To receive, consider and adopt the Directors' remuneration report for the       107,198,222      90.30   11,514,199       11,060
    financial year ended 31 December 2022
 3  To receive, consider and adopt the auditor's report                             118,699,221      99.98   23,018           982
 4  To elect and reappoint PricewaterhouseCoopers LLP as auditor and to authorise   116,622,882      98.23   2,096,023        4,316
    the Directors to fix the auditor's remuneration
 5  To empower the Directors to allot relevant securities for cash                  116,417,692      98.11   2,246,363        5,166
 6  That Resolution 5 above is valid and effective                                  116,533,195      98.17   2,175,572        14,454

 

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

 

Prior to 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
amend the Subscription Price and extend the Subscription Period to 50p and 16
December 2023 respectively. 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 reprice the Short-Term Warrant Instrument to  9,231,789        99.98   1,501            66
    a Subscription Price of 50p and extend the Subscription Period to 16 December
    2023

 

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

 

Following the General Meeting of the holders of Short-Term Warrants and prior
to the Company's Annual General Meeting, Invinity held a General Meeting of
the holders of the Long-Term Warrants at which a resolution was tabled to
amend the Subscription Price to 100p. 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 reprice the Long-Term Warrant Instrument to  9,235,250        100     250              207
    a Subscription Price of 100p

 

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

 

 

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 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

 Tavistock (Financial PR Advisor)                            +44 (0)20 7920 3150
 Simon Hudson / Charles Baister                              invinity@tavistock.co.uk (mailto:invinity@tavistock.co.uk)

 

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) ,
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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