Invinity Energy Systems Plc

AGM Information • Dec 14, 2021

National Storage Mechanism | Additional information

RNS Number : 6272V

Invinity Energy Systems PLC

14 December 2021

14 December 2021

Invinity Energy Systems plc

("Invinity" or the "Company")

Result of EGM

Invinity Energy Systems plc (AIM:IES), a leading global manufacturer of utility-grade energy storage, announces that all resolutions were passed at the Extraordinary General Meeting of the Company, held today at 11am. The result of the poll voting (including all proxies) is detailed below.

	RESOLUTION	VOTES FOR*		VOTES AGAINST	WITHHELD
		Number of votes	%	Number of votes	Number of votes
1	That the Company's "new" Memorandum including an increased authorised share capital be adopted;	54,267,138	99.96	20,219	35,238
2	That, subject to the passing of resolution 1.1 the directors of the Company be empowered to allot certain Ordinary Shares as if the pre-emption provisions in the Articles did not apply;	52,866,085	97.37	1,426,083	30,427
3	That, subject to the passing of resolutions 1.1 and 1.2, the Company's share premium account be reduced to cancel the Company's accumulated losses;	54,281,099	99.98	9,820	31,676
4	That resolutions 1.1 to 1.3 above are effective.	52,868,394	99.95	28,592	1,425,609

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

All conditions of the Fundraising, except for Second Admission, set out in the Company's announcement on 18 November 2021, have now been met. Application has been made to the London Stock Exchange for 3,930,224 Open Offer Shares, together with 16,314,724 Conditional Placing Shares, to be admitted to trading on AIM. It is expected that Second Admission will become effective and dealings in the Open Offer Shares and Conditional Placing Shares will commence at 8.00 a.m. on 15 December 2021.

Following Second Admission, the Company will have 115,782,985 Ordinary Shares in issue. No Ordinary Shares are held in treasury. The total number of voting rights in the Company is therefore 115,782,985. The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Immediately following Second Admission there will be 14,465,082 Short-Term Warrants and 14,465,082 Long-Term Warrants in issue pursuant to the Placing and Open Offer.

Enquiries:

Invinity Energy Systems plc	+44 (0)20 4551 0361
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)	+44 (0)20 7523 8000
Henry Fitzgerald-O'Connor / James Asensio
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Simon Barton / James Deathe / Pascal Wiese	+44 (0)20 3005 5000
Hudson Sandler (Financial PR) Nick Lyon / Nick Moore	+44 (0)20 7796 4133

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 +44 (0)204 551 0361.

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