Posting of Circular and Notice of General Meeting

RNS Number : 7954T

Invinity Energy Systems PLC

29 November 2021

 

29 November 2021

Invinity Energy Systems plc

("Invinity" or the "Company")

Posting of Circular, Notice of General Meeting and Investor Webinar

Further to the oversubscribed Placing to raise £25 million and a proposed Open Offer to raise up to approximately £4 million, announced on 18 November 2021, Invinity Energy Systems plc (AIM:IES), confirms that a Circular to shareholders providing further details of the Placing and the Open Offer and seeking approval for the Open Offer, Conditional Placing and the issue of the Warrants was posted to shareholders on Friday 26 November. The Circular contains a Notice of General Meeting to be held on 14 December 2021 at 11:00 a.m. (UK Time). An electronic copy of the Circular will shortly be available for download from the Company's website: www.invinity.com/investors/resources .

Timetable of principal events

	2021
Record Date for entitlement under the Open Offer	22 November
Publication of the Circular, Proxy Form and, to Qualifying Non-Crest Shareholders, the Application Form	26 November
Ex-entitlement date of the Open Offer	29 November
Open Offer Entitlements and Excess Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders	8:00 a.m. on 30 November
Latest recommended time and date for requested withdrawal of Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST	3:00 p.m. on 7 December
Latest time and date for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements in CREST	3:00 p.m. on 8 December
Latest time and date for splitting of Application Forms under the Open Offer	3:00 p.m. on 9 December
Latest time and date for receipt of Forms of Proxy and CREST voting instructions	11:00 a.m. on 10 December
Latest time and date for receipt of Application Forms and payment in full under the Open Offer and settlement of relevant CREST instructions (as appropriate)	11:00 a.m. on 13 December
General Meeting	11:00 a.m. on 14 December
Results of the General Meeting and the Open Offer announced	14 December
Second Admission and dealings in the Open Offer Shares and Conditional Placing Shares expected to commence on AIM	8:00 a.m. on 15 December
Where applicable, expected date for CREST accounts to be credited in respect of Conditional Placing Shares, Open Offer Shares and Warrants in uncertificated form	15 December
Where applicable, expected date for despatch of definitive certificates for new Ordinary Shares and Warrants in certificated form	within 14 days of Second Admission

Investor Webinar

In advance of the General Meeting, Invinity's management team will host a live, virtual presentation with Q&A at 4:30 p.m. on 2 December 2021. This presentation is open to all shareholders, other than those in Restricted Jurisdictions, and will provide an opportunity to hear management present Invinity's investment proposition and answer questions on the recent placing.

To register your interest, please visit the registration portal by 5:00 p.m. (UK time) on 1 December 2021. Questions can be submitted in advance via [e-mail] or via the webinar portal on the day.

General Meeting Arrangements

The General Meeting will be held at the offices of Osborne Clarke LLP, One London Wall, London, EC2Y 5EB on 14 December 2021 at 11:00 a.m. At present, it is possible under guidelines to allow a certain number of shareholders at the meeting and the Company is keen to welcome those who wish to attend in person given the constraints faced in 2020 due to the COVID-19 pandemic.

Shareholders wishing to attend the General Meeting are kindly requested to RSVP to [e-mail] by 5:00 p.m. (UK time) on 10 December 2021. This is necessary for safety and security reasons.

Given the constantly evolving nature of the COVID-19 pandemic, it is possible that these arrangements may change. Shareholders are therefore strongly encouraged to use their proxy vote and appoint the Chairman of the meeting as their proxy. This will ensure that shareholder votes are counted, even if physical attendance at the meeting becomes restricted. Shareholders are reminded that completed proxy forms may be scanned and submitted via email to #[e-mail] . The deadline for submission of proxy votes to the registrar is no later than 11:00 a.m. on 10 December 2021.

Please contact the IR team via [e-mail] if you require any assistance with the proxy voting process.

All defined and capitalised terms have the same meaning as the Company's announcement at 7:00 a.m. on 18 November 2021.

Enquiries :

Invinity Energy Systems plc	[phone]
Larry Zulch, Chief Executive Officer
Peter Dixon-Clarke, Chief Financial Officer Joe Worthington, Director of Communications Ralph Anderson, Corporate Relations Manager
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 / James Deathe / Pascal Wiese	[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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