24 May 2024
Invinity Energy Systems
plc
("Invinity" or the "Company")
Completion of £57m
Fundraising and Total Voting Rights
Invinity Energy Systems plc (AIM:
IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy
storage, is pleased to announce that all
conditions of the Fundraising set out in the Company's announcement
of 1 May 2024 have now been met, and the Fundraising has therefore
now completed, raising total gross proceeds of £57.38m for the
Company.
Admission to trading on AIM and AQSE
of the 6,011,983 Open Offer Shares, 121,739,130 Placing Shares, and
121,739,130 Subscription Shares (together the "Fundraising Shares")
occurred at 8.00 a.m. this morning.
Following the issue of the
Fundraising Shares, the issued ordinary share capital of the
Company comprises 440,557,550 Ordinary Shares of €0.01 each with
one vote per share. 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.
Other than where defined,
capitalised terms in this announcement have the meanings given to
them in the Announcement released by the Company at 4.44 p.m. (UK
time) on 1 May 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 Financial
Officer and Chief Development Officer
Joe Worthington, Director of
Communications
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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 / Ana Ercegovic
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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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Tavistock (Financial PR Advisor)
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+44 (0)20 7920 3150
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Simon Hudson / Saskia Sizen / Adam
Baynes
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invinity@tavistock.co.uk
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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 listed 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.
