Statement Regarding Proposed Fundraise
Invinity proposes £20m fundraise for product development, working capital and manufacturing capacity.
- Proposed fundraise gross proceeds approximately £20 million
- Allocation to product development and cost reduction approximately £10 million
- Allocation to working capital approximately £8 million
- Allocation to manufacturing capacity approximately £2 million
- National Wealth Fund shareholding approximately 19%
Select text to share a quote on X · sign in to keep highlights & notes in your IES notes
Invinity Energy Systems plc (AIM: IES) notes recent commentary regarding the Company. Further to its announcement at 7.00 a.m. on 19 October 2026 in respect of a Proposed Fundraise and Capital Access Window, Invinity confirms that National Wealth Fund, which holds approximately 19% of the Company’s issued share capital, is expected to participate in the Proposed Fundraise.
The Company intends to use the minimum gross proceeds of approximately £20 million from the Proposed Fundraise as follows:
approximately £10 million to accelerate development and product cost reduction;
approximately £8 million for working capital; and
approximately £2 million to invest in manufacturing capacity in the UK and USA.
Further to the announcement of its interim results on 21 September 2026, Volker Beckers CBE, currently a Non-Executive Director, has been selected to succeed Neil O'Brien as Non-Executive Chair. His appointment is expected to take effect following completion of the Proposed Fundraise. Neil O’Brien has also indicated his intention to participate in the Proposed Fundraise.
Further details of the Proposed Fundraise will be announced in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.