Invinity Energy Systems Plc

AGM Information • Nov 22, 2022

National Storage Mechanism | Additional information

RNS Number : 2681H

Invinity Energy Systems PLC

22 November 2022

22 November 2022

Invinity Energy Systems plc

("Invinity" or the "Company")

Result of Capital Reorganisation EGM

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, announces that all resolutions were passed at the Company's Extraordinary General Meeting, held on Tuesday 22 November 2022 at 3.00 p.m. 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 each issued Ordinary Share of €0.50 each be subdivided into one Ordinary Share of €0.01 each and one Deferred A Share of €0.49 each	58,437,105	99.34%	387,265	366,769
2	That the New Articles be adopted as the Company's articles of association	58,434,105	99.34%	387,419	369,615

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

As a result of the passing of Resolution 1, each of the issued ordinary shares of €0.50 each in the capital of the Company ("Existing Ordinary Shares") will be subdivided into one New Ordinary Share of €0.01 and one deferred A share of €0.49.

Since the publication of the Circular to shareholders on 4 November 2022, the Company has also issued three Ordinary Shares in relation to the exercise of three Long-Term Warrants issued in the placing and open offer in December 2021. The Long-Term Warrants have an exercise price of £2.25. The issued share capital of the Company is therefore now 116,049,973 New Ordinary Shares as of the date of this announcement.

Application has been made for 116,049,973 New Ordinary Shares of €0.01 each to be admitted to trading on AIM and on the Aquis Stock Exchange ("Admission") in place of 116,049,973 Existing Ordinary Shares of €0.50 each. It is expected that Admission will become effective on 23 November 2022.

Following the warrant exercise, the Company has 14,464,317 Short-Term Warrants and 14,464,478 Long-Term Warrants outstanding, both of which are admitted to trading on the Aquis Stock Exchange.

Enquiries:

Invinity Energy Systems plc	+44 (0)204 551 0361
Jonathan Marren, Chief Development Officer and Interim CFO Joe Worthington, Director of Communications
Canaccord Genuity (Nominated Adviser and Joint Broker)	+44 (0)20 7523 8000
Henry Fitzgerald-O'Connor / Gordon Hamilton
VSA Capital (Financial Adviser and Joint Broker)	+44 (0)20 3005 5000
Andrew Monk / Simon Barton
EAS Advisors LLC (US Corporate Advisor)	+1 (646) 495 2225
Matthew Bonner / Chris Chesworth

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 over 33 MWh of systems deployed to date across more than 50 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 listed on the AIM Market of the London Stock Exchange and on the Aquis Stock Exchange (AQSE). The Company trades in the USA on OTCQX Best Market under the symbol "IESVF".

To find out more, visit invinity.com or call Investor Relations on +44 (0)204 551 0361.

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