Invinity Energy Systems PLC Director/PDMR Shareholding (2669T)

TIDMIES

RNS Number : 2669T

Invinity Energy Systems PLC

16 March 2023

16 March 2023

Invinity Energy Systems plc

("Invinity" or the "Company")

NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage , announces that it has received notification from Mr Jonathan Marren, Chief Development Officer, being a person discharging managerial responsibility in the Company, of the purchase of shares following the closing of the Open Offer, as announced on 15 March 2023, set out in the notification of dealing form below.

Following the completion of this purchase of shares, his ultimate beneficial ownership is now 280,000 shares representing 0.15% of the Company's total voting rights.

 
 1    Details of the person discharging managerial responsibilities 
 a)   Name                         Jonathan Marren 
     ---------------------------  ------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------ 
 a)   Position/status              Chief Development Officer, Interim CFO 
     ---------------------------  ------------------------------------------- 
 b)   Initial notification/        Initial notification 
       Amendment 
     ---------------------------  ------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction 
       platform, auctioneer or auction monitor 
     ------------------------------------------------------------------------ 
 a)   Name                         Invinity Energy Systems plc 
     ---------------------------  ------------------------------------------- 
 b)   LEI                          213800N2NKOTYUNRCU14 
     ---------------------------  ------------------------------------------- 
 4    Details of the transaction(s): section to be repeated for (i) each 
       type of instrument; (ii) each type of transaction; (iii) each date; 
       and (iv) each place where transactions have been conducted 
     ------------------------------------------------------------------------ 
 a)   Description of               Ordinary shares of EUR0.01 each 
       the financial 
       instrument 
     ---------------------------  ------------------------------------------- 
 b)   Identification               JE00BLR94N79 
       code of the Financial 
       Instrument 
     ---------------------------  ------------------------------------------- 
 c)   Nature of the                Purchase of shares 
       transaction 
     ---------------------------  ------------------------------------------- 
 d)   Price(s) and                   Price(s)    Volume(s) 
       volume(s)                      GBP 0.32    80,023 
                                                 ---------- 
     ---------------------------  ------------------------------------------- 
 e)   Aggregated information:      Aggregated Volume: 80,023 
       volume, Price                Aggregated Price: GBP 25,607.36 
     ---------------------------  ------------------------------------------- 
 f)   Date of the transaction      15 March 2023 
     ---------------------------  ------------------------------------------- 
 g)   Place of the                 London Stock Exchange (XLON) 
       transaction 
     ---------------------------  ------------------------------------------- 
 

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].

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DSHEQLFFXXLLBBL

(END) Dow Jones Newswires

March 16, 2023 11:23 ET (15:23 GMT)