Director/PDMR Shareholding and Issue of Shares

RNS Number : 1227H

Invinity Energy Systems PLC

30 July 2021

 

30 July 2021

Invinity Energy Systems plc

("Invinity" or the "Company")

Director/PDMR Shareholding and Issue of Shares

a)  Director Share Purchase

Invinity Energy Systems plc (AIM:IES), leading global manufacturer of vanadium flow batteries, has received notification from Mr Lawrence Zulch (Chief Executive Officer), being a person discharging managerial responsibilities, of the purchase of shares set out in the notification of dealing form below. This information is provided in accordance with the requirements of Article 19(3) of the EU Market Abuse Regulation No 596/2014.

1	Details of the person discharging managerial responsibilities
a)	Name	Lawrence Zulch
2	Reason for the notification
a)	Position/status	Chief Executive Officer
b)	Initial notification/ Amendment	Initial notification
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 the financial instrument	Ordinary shares of €0.50 each
b)	Identification code of the Financial Instrument	JE00BLR94N79
c)	Nature of the transaction	Purchase of shares
d)	Price(s) and volume(s)	Price(s) Volume(s) GBP 1.195 15,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 15,000 Aggregated Price: GBP 17,925
f)	Date of the transaction	29 July 2021
g)	Place of the transaction	London Stock Exchange (XLON)

b) Issue of Shares

The Company has issued 21,902 shares relating to the exercise of options granted under the Company's Employee Share Option Plan   by a former Company employee (the "New Ordinary Shares").

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 5 August 2021 .  

Following the issue of the new shares, the issued share capital of the Company comprises 86,852,761 ordinary shares with one voting right per share.  The Company does not hold any shares in treasury. Therefore, this figure of 86,852,761 ordinary shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of Invinity under the   FCA's   Disclosure Guidance and Transparency Rules.

Enquiries :

Invinity Energy Systems plc	[phone]
Larry Zulch, Chief Executive Officer
Peter Dixon-Clarke, Chief Financial Officer Joe Worthington, Director of Communications
Canaccord Genuity (Nominated Adviser and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor / James Asensio
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Simon Barton	[phone]
Hudson Sandler (Financial PR) Nick Lyon / Nick Moore	[phone]

Notes to Editors

Invinity Energy Systems plc (AIM:IES) manufactures 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 10 MWh of systems deployed to date across 40 sites in 14 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and South Africa. Invinity Energy Systems plc is listed on the London Stock Exchange.

To find out more, visit  invinity.com  or call Investor Relations on [phone]

 

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