Invinity Energy Sys - Result of AGM & Short-Term Warrant General Meeting
RNS Number : 8031X
Invinity Energy Systems PLC
31 August 2022
 

 

31 August 2022

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Result of AGM and Short-Term Warrant General Meeting

 

 

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 Annual General Meeting, held today at 11.00 am. 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

To receive, consider and adopt the Company's annual accounts

65,637,093

100

100

6,566

2

To receive, consider and adopt the Directors' remuneration report

58,292,820

88.8

7,321,522

29,417

3

To receive, consider and adopt the auditor's report

65,615,763

100

161

27,835

4

To elect and reappoint PricewaterhouseCoopers LLP as auditor and to authorise the Directors to fix the auditor's remuneration

64,221,920

97.9

1,393,980

27,859

5

To empower the Directors to allot relevant securities for cash

64,146,162

97.8

1,419,556

78,041

6

That Resolution 5 above is valid and effective

64,137,479

97.9

1,407,739

98,541

 

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

 

Following the Company's Annual General Meeting, Invinity held a General Meeting of the holders of the Short-Term Warrants at which a resolution was tabled to extend the period during which the Short-Term Warrants may be exercised to 15 September 2023. 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 the Company be authorised to extend the Exercise Period of the Short-Term Warrant Instrument

12,247,696

100

22

7

 

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

 

 

Enquiries:

 

Invinity Energy Systems plc

+44 (0)204 551 0361

Peter Dixon-Clarke, Chief Financial Officer

Joe Worthington, Director of Communications




Canaccord Genuity (Nominated Adviser and Joint Broker)

+44 (0)20 7523 8000

Henry Fitzgerald-O'Connor / James Asensio




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 also 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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