8 January 2025
Invinity Energy Systems
plc
("Invinity" or the "Company")
Result of Jersey Court
Hearing
Further to the announcements on 22
November 2024 and 11 December 2024, Invinity Energy Systems plc
(AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy
storage, is pleased to announce that the
Scheme, which has the effect of redomiciling the Company to the UK
by putting in place a new England and Wales incorporated parent
company for the Group, has today been sanctioned by the Jersey
Court at the Jersey Court Hearing.
The Scheme is expected to become
effective tomorrow, and accordingly the ordinary shares in the new
parent company, which is also called Invinity Energy Systems plc,
are expected to be admitted to AIM and the AQSE Growth Market at
8.00 a.m. on 9 January 2025 ("Admission").
Ordinary shares held in
uncertificated form are expected to be credited to the appropriate
CREST accounts at 8.00 a.m. on 9 January 2025, replacing the
existing ordinary shares. Share certificates for ordinary shares
held in certificated form will be despatched within 14 days of
Admission.
Following Admission, the security
identifiers for the ordinary shares of Invinity Energy Systems plc
will be:
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ISIN
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GB00BS9F9D74
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SEDOL
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BS9F9D74
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TIDM
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IES
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As
previously stated, the introduction of a new UK parent company for
the Invinity Group and the associated reduction of capital is not
expected to have any impact on the market value of the Company's
shares.
In alignment with the Company's
Total Voting Rights announcement on 2 January 2025, the total
number of ordinary shares to be admitted to trading on AIM is
441,922,559, comprising 440,561,739 issued Ordinary Shares and
1,360,820 Ordinary Shares admitted to trading under the
Blocklisting but not yet issued. The total number of Ordinary
Shares admitted to trading on the Aquis Stock Exchange will be
440,561,739. The number of shares admitted to AIM is higher than
the number admitted to the Aquis Stock Exchange due to the
Company's blocklisting facility on AIM.
Other than where defined,
capitalised terms used in this announcement have the meanings given
to them in the Circular
published by the Company on 22 November
2024.
Stay up to date with news from Invinity. Join the distribution
list for the Company's monthly investor newsletter
here.
Enquiries:
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Invinity Energy Systems plc
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+44 (0)20 4551 0361
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Jonathan Marren, Chief Executive
Officer
Joe Worthington, Senior Director,
Corporate Affairs
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Canaccord Genuity (Nominated Adviser
and Joint Broker)
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+44 (0)20 7523 8000
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Henry Fitzgerald-O'Connor / Harry
Pardoe / Charlie Hammond
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VSA
Capital (AQSE Corporate Advisor, Financial Adviser and Joint
Broker)
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+44 (0)20 3005 5000
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Andrew Monk / Andrew Raca
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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 +44 (0)20 4551 0361 or
ir@invinity.com.
