Business
Placing Update
Placing Update.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \n \n \n \n \n 23 February 2023\n \n \n \n Invinity Energy Systems plc\n \n \n \n \n \n \n \n \n (\"Invinity\" or the \"Company\")\n \n \n \n \n \n \n Placing Update\n \n \n \n \n \n \n Further to the announcement regarding the Placing, Subscription and Open Offer released yesterday evening, Invinity is pleased to confirm that the Placing is now oversubscribed and in response to demand, the Directors are expecting to increase the size of the offering. The Company will provide a full update on the result of the Placing shortly.\n \n \n \n \n \n Capitalised terms used in this announcement have the meanings given to them in the announcement released by the Company at 5pm (UK time) on 22 February 2023.\n \n \n \n \n \n \n \n \n \n \n \n Enquiries\n \n :\n \n \n \n \n \n \n \n \n \n \n Invinity Energy Systems plc\n \n \n \n \n \n +44 (0)204 551 0361\n \n \n \n \n \n \n Jonathan Marren, Chief Development Officer and Interim CFO\n \n \n Joe Worthington, Director of Communications\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Canaccord Genuity (Nominated Adviser and Joint Broker)\n \n \n \n \n +44\n (0)\n 20 7523 8000\n \n \n \n \n \n \n Henry Fitzgerald-O'Connor / Harry Pardoe / Gordon Hamilton\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n VSA Capital (Financial Adviser and Joint Broker)\n \n \n \n \n \n +44 (0)20 3005 5000\n \n \n \n \n \n \n Andrew Monk / Simon Barton\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Notes to Editors\n \n \n \n \n \n \n \n \n Invinity Energy Systems plc (AIM: IES)\n (AQSE: IES) (OTCQX: IESVF)\n manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.\n \n \n \n \n \n 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 fro...