REG - Gelion PLC - Result of GM and Total Voting Rights

GelionAnnouncement

27/11/2023 17:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231127:nRSa8123Ua&default-theme=true

RNS Number : 8123U  Gelion PLC  27 November 2023

 

27 November 2023

Gelion plc

("Gelion" or the "Company" or the "Group")

 

Result of GM and Total Voting Rights

 

Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces that at
the General Meeting ("GM") held earlier today, all resolutions set out in the
Notice of GM were duly passed. Following this, as of 8am on 28 December 2023
the total number of voting rights will be 135,998,459.

 

The voting results for each resolution were as follows:

 

                                                                                 In Favour          Against                Withheld

                                                                                                                           Votes
 Resolution                                                                      Votes       %      Votes  %
 1 - To authorise the directors to allot shares pursuant to the Placing,         42,660,711  99.99  183    Less than 0.01  None
 Subscription, Retail Offer, and the acquisition of OXLiD Ltd.
 2 - To authorise the directors to disapply the statutory pre-emption rights in  42,597,271  99.85  406    Less than 0.01  63,217
 relation to the allotment of shares pursuant to the Placing, Subscription and
 Retail Offer.

 

The results of the GM will also be available from today on the Company's
website at www.gelion.com (http://www.gelion.com)

 

CONTACTS

 

 Gelion plc                                                        via Alma

 John Wood, CEO

 Amit Gupta, CFO

 Thomas Maschmeyer, Founder and Principal Technology Advisor

 Cavendish Capital Markets Limited (Nominated Adviser and Broker)  +44 207 220 0500
 Corporate Finance

 Neil McDonald

 Seamus Fricker

 Fergus Sullivan

 ECM

 Barney Hayward

 Alma Strategic Communications                                     +44 20 3405 0205

 Justine James                                                     gelion@almastrategic.com

 Hannah Campbell

 Will Ellis Hancock

 

About Gelion

 

Gelion ("gel: ion") is a global -energy storage innovator, supporting the
transition to a more sustainable economy by commercialising two globally
important next generation technologies: Lithium-Sulfur (LiS) and Zinc-based
(Zn) hybrid cells to electrify mobile and stationary applications. Gelion plc
(the Group) is listed on the London Stock Exchange's Alternative Investment
Market and wholly owns Australia based Gelion Technologies Pty Ltd.  Gelion
is designing and delivering innovative battery technology to enable that
transition and return value for its customers and investors.

 

Lithium Sulfur

Gelion's effort is directed at the potential for the LiS chemistry to deliver
double the gravimetric energy density of standard Lithium-ion chemistries
whilst at the same time reducing cost and increasing safety targeting the EV
and e-aviation market, helping to make global transport, energy consumption
and storage more sustainable.

 

Gelion is developing a product for its high energy density sulfur cathode at
its expanded R&D facilities in Sydney, enabling it to integrate with a
variety of anodes ranging from graphite to silicon to lithium metal, depending
on the targeted application.

 

Gelion recently also expanded in the UK(1) by acquiring OXLiD Ltd,
significantly increasing Gelion's capability in cathode improvement thereby
accelerating path to commercial partners and commercialisation.

 

Zinc

Gelion is adapting its zinc technology to comprise an alternate cathode
technology, a zinc hybrid cell to develop complementary next-generation
batteries for the lead-acid eco-system. Early testing indicates that this
solution has the potential to maintain good energy density levels with
enhanced cost and safety aspects. Once fully developed, Gelion intends for our
zinc technology to provide a durable and sustainable market extension within
the ecosystem that supports lead-acid batteries.

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  RAGBLBDBXUDDGXR