Invinity Energy Systems Plc

Remuneration Information • Mar 19, 2019

National Storage Mechanism | Additional information

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RNS Number : 2257T

RedT Energy PLC

19 March 2019

THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT IS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF REGULATION 596/2014

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED IN IT IS RESTRICTED AND IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR AUSTRALIA OR ANY OTHER STATE OR JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

19 March 2019

redT energy plc ("redT" or "the Company")

Posting of Circular

redT energy plc (the "Company") announces that, further to the announcement on 14 March 2019 relating to the proposed Placing of 47,000,000 new Ordinary Shares and Open Offer of a maximum of 113,031,304 new Ordinary Shares at a price of 2 pence per share, the Company has today posted to Qualifying Shareholders the Circular which sets out the terms of the Open Offer and how to apply for Open Offer Shares. The Circular will also be made available on the Company's website at https://redtenergy.com/.

The ex-entitlement date for the Open Offer is 19 March 2019.

Terms not otherwise defined herein, shall have the meanings given in the section entitled "Definitions" at the front of the Circular.

The Open Offer is being made to Qualifying Shareholders on the register as at the Record Date, being 5.00 p.m. on 15 March 2019, for up to 113,031,304 Open Offer Shares at 2 pence per Open Offer Share (being the same price as the Issue Price for the Placing) on the basis of:

1 Open Offer Share for every 7 Existing Ordinary Shares

Full details of the Open Offer, including terms and conditions and details on how to accept the Open Offer, are set out in the Circular.

The Open Offer is conditional on, inter alia,

(i) completion of the Placing;

(ii) the proceeds of the Fundraising being at least £1.5 million;

(iii) the passing of the Resolution; and

(iv) Admission occurring by no later than 8:00 a.m. on 10 April 2019 (or such later times and /or dates as may be agreed between the Company and VSA Capital Limited, being no later than 8:00 a.m. on 18 April 2019).

Following the issue of the New Ordinary Shares (assuming full take-up under the Open Offer), the Enlarged Share Capital of the Company will be 951,250,436 Ordinary Shares.

Expected Timetable of Principal Events

	2019
Announcement of the Placing and Open Offer	14 March
Record Date for entitlement under the Open Offer	15 March
Publication of the Circular, Proxy Form and, to Qualifying Non-Crest Shareholders, the Application Form	19 March
Ex-entitlement date of the Open Offer	19 March
Open Offer Entitlements and Excess Open Offer Entitlements credited to stock accounts in CREST of Qualifying CREST Shareholders	20 March
Latest recommended time and date for requested withdrawal of Basic Open Offer Entitlements and Excess CREST Open Offer Entitlements from CREST	4.30 p.m. on 2 April
Latest time and date for depositing Open Offer Entitlements and Excess CREST Open Offer Entitlements in CREST Latest time and date for splitting of Application Forms under the Open Offer	3.00 p.m. on 3 April   3.00 p.m. on 4 April
Latest time and date for receipt of Forms of Proxy and CREST voting instructions	11.00 a.m. on 5 April
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 8 April
General Meeting	11.00 a.m. on 9 April
Results of the General Meeting and the Open Offer announced	9 April
Admission and dealings in the New Ordinary Shares expected to commence on AIM	8.00 a.m. on 10 April
Where applicable, expected date for CREST accounts to be credited in respect of New Ordinary Shares in uncertificated form	10 April
Where applicable, expected date for despatch of definitive share certificates for New Ordinary Shares in certificated form	within 14 days of Admission

For further information, please contact:

redT energy plc Neil O'Brien, Executive Chairman Scott McGregor, Chief Executive Officer Fraser Welham, Chief Financial Officer Joe Worthington, Investor & Media Relations	+44 (0)20 7061 6233
VSA Capital Limited (Financial Adviser) Andrew Raca / Simon Barton	+44 (0)20 3005 5000
VSA Capital Limited (Broker) Andrew Monk	+44 (0)20 3005 5000
Investec Bank plc (Nominated Adviser and Joint Broker) Jeremy Ellis / Alex Ruffman	+44 (0)20 7597 4000
Celicourt Communications (Financial PR) Mark Antelme / Jimmy Lea / Ollie Mills	+44 (0)20 7520 9266

Notes to Editors

About redT energy

redT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage infrastructure which creates revenue alongside reliable, low-cost renewable generation for businesses, industry and electricity distribution networks. Using patented vanadium redox flow technology to store energy in liquid, redT's own energy storage machines can be run continually with no degradation: charging and discharging for over 25 years, matching the lifespan of renewable assets in on-grid, off-grid and weak-grid settings.

redT's energy storage solutions, developed over the past 15 years, address today's changing energy market by providing a flexible platform for time shifting surplus renewable power, securing electricity supplies and earning revenue through grid services. The company has customers in the UK, Europe, sub-Saharan Africa, Australia and Asia Pacific. redT energy plc is listed on the London Stock Exchange (AIM:RED) and has experts located in the UK, Europe, Australia, Africa, Asia and the USA. For more information, visit www.redTenergy.com

For sales, press or investor enquiries, please contact the redT team on +44 (0)207 061 6233.

This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.

MAR

The information contained within this announcement is considered by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No.596/2014. Upon the publication of this announcement via a Regulatory Information Service, this inside information will be considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

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