TIDMIES
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 % Number of Number of
votes votes votes
---------------------------- ------------ ------ -------------- ----------
To receive, consider
and adopt the Company's
annual accounts for
the financial year
ended 31 December
1 2022 118,693,455 99.98 28,321 1,705
---------------------------- ------------ ------ -------------- ----------
To receive, consider
and adopt the Directors'
remuneration report
for the financial
year ended 31 December
2 2022 107,198,222 90.30 11,514,199 11,060
---------------------------- ------------ ------ -------------- ----------
To receive, consider
and adopt the auditor's
3 report 118,699,221 99.98 23,018 982
---------------------------- ------------ ------ -------------- ----------
To elect and reappoint
PricewaterhouseCoopers
LLP as auditor and
to authorise the Directors
to fix the auditor's
4 remuneration 116,622,882 98.23 2,096,023 4,316
---------------------------- ------------ ------ -------------- ----------
To empower the Directors
to allot relevant
5 securities for cash 116,417,692 98.11 2,246,363 5,166
---------------------------- ------------ ------ -------------- ----------
That Resolution 5
above is valid and
6 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 % Number of Number of
votes votes votes
------------------------------ ---------- ------ -------------- ----------
That the Company be
authorised to reprice
the Short-Term Warrant
Instrument to a Subscription
Price of 50p and extend
the Subscription Period
1 to 16 December 2023 9,231,789 99.98 1,501 66
------------------------------ ---------- ------ -------------- ----------
*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 % Number of Number of
votes votes votes
------------------------------ ---------- ---- -------------- ----------
That the Company be
authorised to reprice
the Long-Term Warrant
Instrument to a Subscription
1 Price of 100p 9,235,250 100 250 207
------------------------------ ---------- ---- -------------- ----------
*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 .
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
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 , sign up to our monthly
Investor Newsletter here or contact Investor Relations on via +44
(0)20 4551 0361 or ir@invinity.com
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END
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July 19, 2023 08:23 ET (12:23 GMT)
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