Invinity Energy Systems (IES LN) which develops Vanadium Flow Batteries (VBS’s) for utility scale grid storage has announced that it has conditionally raised gross proceeds of £19m through the Placing of 59,375,000 new Ordinary Shares at the Issue Price of 32p per new Ordinary Share. The Issue Price of 32 pence represents a discount of 13.51% to the closing middle market price of 37p per ordinary share on 22 February 2023.
23 Feb 2023
VSA Capital Morning Transitional Energy Comment 23/02/23 (IES)
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VSA Capital Morning Transitional Energy Comment 23/02/23 (IES)
Invinity Energy Systems PLC (IES:LON) | 24.0 0 0.0% | Mkt Cap: 45.9m
- Published:
23 Feb 2023 -
Author:
Phil Smith -
Pages:
5
Invinity Energy Systems (IES LN) which develops Vanadium Flow Batteries (VBS’s) for utility scale grid storage has announced that it has conditionally raised gross proceeds of £19m through the Placing of 59,375,000 new Ordinary Shares at the Issue Price of 32p per new Ordinary Share. The Issue Price of 32 pence represents a discount of 13.51% to the closing middle market price of 37p per ordinary share on 22 February 2023.