Invinity Energy Sys - Result of Jersey Court Hearing

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:

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.

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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.