Invinity Energy Systems PLC Block listing Interim Review (5948T)

TIDMIES

RNS Number : 5948T

Invinity Energy Systems PLC

21 March 2023

21 March 2023

Invinity Energy Systems plc

("Invinity" or the "Company")

Blocklisting Interim Update and Total Voting Rights

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage , provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements.

 
Name of company                            Invinity Energy Systems plc 
Name of scheme                             Warrant exercise & Employee share 
                                            option listing 
                                           ------------------------------------ 
Period of return (from / to)               21/09/2022 to 20/03/2023 
                                           ------------------------------------ 
Number and Class of Securities             1,500,000 Ordinary Shares of EUR0.01 
 not issued at the start of the             each ("Ordinary Shares") 
 period under the scheme 
                                           ------------------------------------ 
Plus: the amount for which a blocklisting  Nil 
 application has been made since 
 the last date of return 
                                           ------------------------------------ 
Less: Number of securities issued          99,733 Ordinary Shares 
 under the scheme during the period 
                                           ------------------------------------ 
Equals: Balance under the scheme           1,400,267 Ordinary Shares 
 of securities not yet issued at 
 the end of the period 
                                           ------------------------------------ 
Number and class of securities             1,500,000 Ordinary Shares admitted 
 originally admitted and the date           on 26 September 2022 
 of admission 
                                           ------------------------------------ 
 

The Company also announces that it has issued 78 Ordinary Shares of EUR0.01 each (the "New Ordinary Shares") pursuant to the exercise of Short-Term Warrants, which were issued as part of the capital raising in December 2021, under the Company's existing block listing entitlement.

Following the issue of the New Ordinary Shares the issued ordinary share capital of the Company comprises 191,032,049 ordinary shares of EUR0.01 each with one vote per share. Therefore, this figure can be used by shareholders as the denominator for the calculations by which to determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.

The New Ordinary Shares are already admitted to trading on AIM under the Company's existing block listing entitlement. An application has been made for the New Ordinary Shares to be admitted to trading on the Aquis Stock Exchange and dealings are expected to commence today.

The Company has 14,464,239 Short-Term Warrants and 14,464,478 Long-Term Warrants outstanding, both of which are admitted to trading on the Aquis Stock Exchange.

Enquiries :

 
Invinity Energy Systems plc                         [phone] 
Jonathan Marren, Chief Development Officer and 
 Interim CFO 
 Joe Worthington, Director of Communications 
 
Canaccord Genuity (Nominated Adviser and Joint      [phone] 
 Broker)                                             8000 
Henry Fitzgerald-O'Connor / Harry Pardoe / Gordon 
 Hamilton 
 
VSA Capital (Financial Adviser and Joint Broker)    [phone] 
Andrew Monk / Simon Barton 
 
EAS Advisors LLC (US Corporate Advisor)             [phone] 
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 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 or call Investor Relations on [phone].

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March 21, 2023 03:00 ET (07:00 GMT)