Business
Holdings in Company and Lock-in Agreement
Holdings in Company and Lock-in Agreement.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \nRNS Number : 7083F RedT Energy PLC 23 February 2018 \n\n \n \n \n \n \n23 February 2018\n \nThis announcement contains inside information\n \nredT energy plc\n \n(\"redT\" or the \"Company\")\n \nHoldings in Company \nand Lock-in Agreement\n \nredT energy plc (AIM:RED) announces that it was notified today that Alchemy Projects Limited (\"Alchemy\") is now interested in a total of 63,872,819 ordinary shares in the capital of the Company, representing approximately 9.77% per cent of the Company's issued share capital. Alchemy is wholly owned by the Company's former non-executive director John Ward.\n \nAlongside this notification of interest, Alchemy and the Company have today signed a lock-in agreement (the \"Agreement\") in respect of Alchemy's holding of 63,872,819 ordinary shares (the \"Locked-in Shares\") under which Alchemy has undertaken not to dispose of any interest in the Locked-in Shares for a period of 12 months from the date of the Agreement.\n \n \nEnquiries:\n \n\n\n\n\nredT energy plc\n\n\n+44 (0)207 061 6233\n\n\n\n\nScott McGregor, Chief Executive Officer\n\n\n\n\n\n\n\nJoe Worthington, Investor & Media Relations\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCenkos Securities (Nominated Advisor & Broker)\n\n\n+44 (0)131 220 9100\n\n\n\n\nDerrick Lee\n\n\n\n\n\n\n\n \nVSA Capital (Investor Relations Advisor)\nAndrew Monk\n\n\n \n \n+44 (0)203 005 5000\n\n\n\n\n\n\n\n\n\n\n\n\nCelicourt Communications (Financial PR)\nMark Antelme \nJimmy Lea\nOllie Mills\n\n\n+44 (0)20 7520 9266\n\n\n\n\n\n\n\n\n\n\n\n\n \n \nNotes to Editors\nAbout redT energy\nredT energy plc are experts in energy storage, specialising in the design, manufacture, installation and operation of energy storage systems which create 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. \n \nredT's energy storage solutions, developed over the past 15 years, address today's changing energy market...