Exercise of Warrants

RNS Number : 3473C

Invinity Energy Systems PLC

22 February 2022

 

22 February 2022

Invinity Energy Systems plc

("Invinity" or the "Company")

Exercise of Warrants

Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage , has on 21 February 2022 issued 104 new ordinary shares (the "New Ordinary Shares") in relation to the exercise of 52 Short-Term Warrants and 52 Long-Term Warrants which were issued in the placing and open offer in December 2021. The Short-Term Warrants have an exercise price of £1.50 and the Long-Term Warrants have an exercise price of £2.25.

Application has been made for the New Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence by 25 February 2022.

Following the issue of the New Ordinary Shares, the issued share capital of the Company comprises 116,048,708 ordinary shares with one voting right per share. The Company does not hold any shares in treasury. Therefore, this figure of 116,048,708 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.

Pursuant to this warrant exercise, the Company will have 14,465,030 Short-Term Warrants and 14,465,030 Long-Term Warrants outstanding. The number of ordinary shares and Short-Term and Long-Term Warrants proposed to be admitted to the Aquis Stock Exchange on 9 March 2022 will also change appropriately. The Aquis Stock Exchange has today released a revised Announcement of Application for Admission

Enquiries :

Invinity Energy Systems plc	[phone]
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]

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 25 MWh of systems deployed to date across more than 40 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China, Australia 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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