TIDMRED

RNS Number : 8687H

RedT Energy PLC

27 March 2020

27 March 2020

redT energy plc

("redT" or the "Company")

Update - EGM Arrangements

Further to the announcement on 24 March 2020, redT energy plc (AIM:RED), the energy storage solutions company, provides a further update on arrangements for its Extraordinary General Meeting ("EGM") which will take place at 11am on 1 April 2020.

On 23 March 2020, the UK government announced strict new measures to tackle the spread of coronavirus, including a 'stay at home' order and a ban on public gatherings of more than two people. This order is expected to be in force for a minimum of three weeks from the announcement date.

In light of the unprecedented circumstances, government guidance and the utmost concern for the health and safety of our staff, shareholders and advisors, the Company has taken the precaution of arranging for its members to be able to attend the EGM by way of a safer, remotely-held 'virtual' meeting system, which will allow shareholders to join and vote at the EGM without attending in person.

Shareholders wishing to access the 'virtual' meeting system to attend the EGM must email investor.relations@redtenergy.com confirming their own unique Shareholder Registration Number (SRN) and their intention to join the EGM to vote. Once their identity is verified, qualifying shareholders will receive a username and password along with instructions to join the EGM electronically. Please note that requests to join the meeting must be received by the Company before 11am on 31 March to be accepted.

The Company regrets that due to the difficult circumstances, only formal business will be undertaken at the meeting and there will be no presentations given by management. The Company will however endeavour to host a retail shareholder call in due course following the meeting.

The result of the meeting will be communicated via RNS following the conclusion of the EGM on 1 April 2020.

Shareholders are once again encouraged to use their proxy vote and reminded that completed proxy forms may also be scanned and submitted via email to #UKCSBRS.ExternalProxyQueries@computershare.co.uk until 11am on 30 March.

Please contact Joe Worthington, Head of External Communications via investor.relations@redtenergy.com or on +44 (0) 207 121 6111 if you require assistance.

Enquiries :

 
                                                       +44 (0)20 7121 
  redT energy plc                                       6111 
  Neil O'Brien, Executive Chairman 
  Fraser Welham, Chief Financial Officer 
   Joe Worthington, Head of External Communications 
 
  Investec Bank plc (Nominated Adviser and             +44 (0) 20 7597 
   Broker)                                              5970 
  Jeremy Ellis / Chris Sim / Cassie Herlihy 
  VSA Capital (Financial Adviser and Joint 
   Broker)                                             +44 (0)20 3005 
   Andrew Monk / Andrew Raca                            5000 
 
  Hudson Sandler (Financial PR)                        +44(0) 207 796 
   Nick Lyon / Toby Andrews                             4133

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. 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 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 rns@lseg.com or visit www.rns.com.

END

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