Director/PDMR Shareholding

RNS Number : 3647J

Invinity Energy Systems PLC

09 April 2020

 

9 April 2020

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), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, has received notification from Mr Neil O'Brien (Non-Executive Chairman) and Mr Lawrence Zulch (Chief Executive Officer), being persons 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	Neil O'Brien
2	Reason for the notification
a)	Position/status	Non-Executive Chairman
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 0.45 30,000 GBP 0.487 10,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 40,000 Aggregated Price: GBP 18,370
f)	Date of the transaction	8 April 2020
g)	Place of the transaction	London Stock Exchange (XLON)

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 0.49 40,000
e)	Aggregated information:  volume, Price	Aggregated Volume: 40,000 Aggregated Price: GBP 19,794
f)	Date of the transaction	8 April 2020
g)	Place of the transaction	London Stock Exchange (XLON)

Enquiries :

redT energy plc	[phone]
Neil O'Brien, Chairman Larry Zulch, Chief Executive Officer
Fraser Welham, Chief Financial Officer Joe Worthington, Head of External Communications
Investec Bank plc (Nominated Adviser and Broker)	[phone]
Jeremy Ellis / Chris Sim / Cassie Herlihy
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Andrew Raca	[phone]
Hudson Sandler (Financial PR) Nick Lyon / Toby Andrews	[phone]

Notes to Editors

Invinity Energy Systems plc (AIM:IES) manufactures vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks.

Developed specifically for high-utilisation applications that make low-carbon renewable generation reliable, Invinity's highly scalable, factory-built flow battery products can run continually with no degradation, charging and discharging for over 25 years. 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 10MWh 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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