Results of General Meeting and Court Meeting

Invinity Energy Systems PLC

11 December 2024

 

11 December 2024

Invinity Energy Systems plc

("Invinity" or the "Company")

Results of General Meeting and Court Meeting

Further to the announcement on 22 November 2024 that a circular containing details of the Company's proposed redomiciliation from Jersey to the UK had been sent to shareholders, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, announces that all resolutions pertaining to the Company's Jersey Court Meeting, held today at 3.00 p.m. and the Company's General Meeting, held today at 3.15 p.m. have been duly passed.

A Jersey Court Hearing to sanction the Scheme and the Scheme Reduction of Capital is expected to take place on 8 January 2025. The Scheme is expected to become effective on 9 January 2025. Further details on the proposed redomiciliation can be found in the Scheme Document on the Company's website here.

The result of the poll voting (including all proxies) for both meetings are included below:

Jersey Court Meeting

	RESOLUTION	VOTES FOR*		VOTES AGAINST
		Number of votes	%	Number of votes
1	To consider and approve the Scheme of Arrangement	305,638,654	99.99	29,759

*Any proxy appointments, which gave discretion to the Chairman, have been included in the 'For' votes total.

General Meeting

	RESOLUTION	VOTES FOR*		VOTES AGAINST	WITHHELD
		Number of votes	%	Number of votes	Number of votes
1	For the purposes of the Scheme: (i) to authorise the directors of the Company to take all such action as they may consider necessary or appropriate for carrying the Scheme into effect; (ii) to authorise the reduction of share capital of the Company, together with the issue of new shares in the Company to Invinity Energy Group Services Limited, a company in England and Wales ("New Invinity"); (iii) to amend the articles of association of Invinity Energy Systems plc as set out in the Notice of General Meeting.	307,755,334	99.99	20,594	290,353
2	Subject to the Scheme becoming effective and Resolution 1, the nominal value of Ordinary Shares in New Invinity be reduced to 1 pence.	307,632,190	99.95	156,434	277,657
3	Subject to the Scheme becoming effective and Resolutions 1 and 2, a general meeting of New Invinity, other than an AGM, may be called on not less than 14 clear days' notice.	305,206,830	99.16	2,570,878	288,573

*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 Executive Officer Joe Worthington, Senior Director, Corporate Affairs
Canaccord Genuity (Nominated Adviser and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond
VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker)	[phone]
Andrew Monk / Andrew Raca

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 75 MWh of systems already deployed or contracted for delivery across 82 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 quoted 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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