Business
Result of Open Offer, GM and Subscription, and TVR
Result of Open Offer, GM and Subscription, and TVR.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n \n \n \n The information contained within this Announcement is deemed by Invinity Energy Systems plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\").\n \n \n \n \n \n \n \n \n \n 15 March 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 Results of Open Offer and General Meeting, Completion of Subscription and Total Voting Rights\n \n \n \n \n \n \n Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a\n leading global manufacturer of utility-grade energy storage\n , is pleased to announce the results of the Open Offer, which closed for acceptances at 11.00 a.m. on 14 March 2023. The Company has received valid acceptances from Qualifying Shareholders in respect of 4,825,092 Open Offer Shares, representing approximately 38.5 per cent. of the 12,528,355 New Ordinary Shares available under the Open Offer, therefore raising an additional £1.5 million of proceeds for the Company.\n \n \n \n \n \n The Company is also pleased to confirm that the Subscription with a strategic investor for 7,812,500 new Ordinary Shares, raising £2.5 million, as announced in conjunction with the Placing and Open Offer on 22 February 2023, has now completed.\n \n \n \n \n \n The Company has therefore raised, in aggregate, gross proceeds of approximately £23 million through the Placing, Subscription and Open Offer.\n \n \n \n \n \n The Board also announces that all resolutions were passed at the Company's General Meeting, held earlier today. The result of the poll voting (including all proxies) is detailed below.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n RESOLUTION\n \n \n \n \n \n \n VOTES FOR*\n \n \n \n \n \n \n VOTES AGAINST\n \n \n \n \n \n \n WITHHELD\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Number of votes\n \n \n \n \n \n \n %\n \n \n \n \n \n \n Number of votes\n \n \n \n \n \n \n Number of votes\n \n \n \n \n \n \n \n 1\n \n \n \n \n To allot the Placing Shares and Open Offer Shares as if the pre-emption provisions in the Articles did not apply\n \n \n \n \n 60,445,079\n \n \n \n \n 97.16%\n ...