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The latest announcement is out from Invinity Energy Systems ( (GB:IES) ).
Invinity Energy Systems plc announced that all resolutions related to their proposed redomiciliation from Jersey to the UK were approved at a Jersey Court Meeting and a General Meeting. The redomiciliation, expected to be effective from January 9, 2025, includes a Scheme of Arrangement and a reduction in share capital. This strategic move is part of Invinity’s efforts to strengthen its market position, potentially enhancing operational efficiencies and aligning corporate governance with UK standards.
More about Invinity Energy Systems
Invinity Energy Systems plc is a leading global manufacturer in the energy storage industry, specializing in vanadium flow batteries designed for large-scale, high-throughput energy storage applications. These batteries are known for their durability, running for over 25 years without degradation, and are used extensively in renewable energy production. Invinity was formed in April 2020 from the merger of redT energy plc and Avalon Battery Corporation. The company has a significant global presence with operations in the UK, Canada, USA, China, and Australia, and is quoted on AIM and AQSE in the UK and OTCQX in the USA.
YTD Price Performance: -54.31%
Average Trading Volume: 1,059,657
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £69.39M
See more data about IES stock on TipRanks’ Stock Analysis page.
