Results of General Meeting and Court Meeting
Shareholders vote to approve redomiciliation of Invinity from Jersey to UK, all resolutions passed.
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Further to the announcement on 22 November 2024 that a circular containing details of the Company's proposed redomiciliation from Jersey to the UK had been sent to shareholders, Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, announces that all resolutions pertaining to the Company's Jersey Court Meeting, held today at 3.00 p.m. and the Company's General Meeting, held today at 3.15 p.m. have been duly passed.
A Jersey Court Hearing to sanction the Scheme and the Scheme Reduction of Capital is expected to take place on 8 January 2025. The Scheme is expected to become effective on 9 January 2025. Further details on the proposed redomiciliation can be found in the Scheme Document on the Company's website here.
The result of the poll voting (including all proxies) for both meetings are included below:
Jersey Court Meeting
| RESOLUTION | VOTES FOR* | VOTES AGAINST | |||
|---|---|---|---|---|---|
| Number of votes | % | Number of votes | |||
| 1 | To consider and approve the Scheme of Arrangement | 305,638,654 | 99.99 | 29,759 | |
| General Meeting | |||||
| RESOLUTION | VOTES FOR* | VOTES AGAINST | WITHHELD | ||
| Number of votes | % | Number of votes | Number of votes | ||
| 1 | For the purposes of the Scheme: (i) to authorise the directors of the Company to take all such action as they may consider necessary or appropriate for carrying the Scheme into effect; (ii) to authorise the reduction of share capital of the Company, together with the issue of new shares in the Company to Invinity Energy Group Services Limited, a company in England and Wales (" New Invinity "); (iii) to amend the articles of association of Invinity Energy Systems plc as set out in the Notice of General Meeting. | 307,755,334 | 99.99 | 20,594 | 290,353 |
| 2 | Subject to the Scheme becoming effective and Resolution 1, the nominal value of Ordinary Shares in New Invinity be reduced to 1 pence. | 307,632,190 | 99.95 | 156,434 | 277,657 |
| 3 | Subject to the Scheme becoming effective and Resolutions 1 and 2, a general meeting of New Invinity, other than an AGM, may be called on not less than 14 clear days' notice. | 305,206,830 | 99.16 | 2,570,878 | 288,573 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.