Invinity Energy Systems PLC Result of Meetings (5526G)

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                              [phone] 
Jonathan Marren, Chief Development Officer and Interim 
 CFO 
 Joe Worthington, Director of Communications 
 
Canaccord Genuity (Nominated Adviser and Joint Broker)   [phone] 
Henry Fitzgerald-O'Connor / Harry Pardoe / Gordon 
 Hamilton 
 
VSA Capital (Financial Adviser and Joint Broker)         [phone] 
Andrew Monk / Simon Barton 
 
Tavistock (Financial PR Advisor)                         [phone] 
Simon Hudson / Charles Baister                           [e-mail] 
 

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 [phone] or [e-mail]

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July 19, 2023 08:23 ET (12:23 GMT)