REG - Gelion PLC - Result of Placing and Posting of Circular

GelionAnnouncement

09/11/2023 13:00

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RNS Number : 9828S  Gelion PLC  09 November 2023

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE
REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT
JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER
DETAILS OF THE FUNDRAISING ARE SET OUT BELOW.

 

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN
OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR
OR OTHERWISE ACQUIRE ANY NEW SHARES OF GELION PLC.

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE
MARKET ABUSE REGULATION NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY
VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO
BE IN THE PUBLIC DOMAIN.

 

THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY.

 

DEFINED TERMS IN THIS ANNOUNCEMENT SHALL HAVE THE SAME MEANING AS IN THE
LAUNCH ANNOUNCEMENT, RELEASED AT APPROXIMATELY 7 A.M. TODAY, UNLESS OTHERWISE
SPECIFIED.

 

9 November 2023

Gelion plc

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

 

Result of Placing and Subscription

and

Posting of Circular

 

Gelion (AIM: GELN) the Anglo-Australian battery innovator, is pleased to
announce that, further to the announcement made earlier today and due to
further demand in the accelerated bookbuild process, which has now closed, the
Company has, in line with the Terms and Conditions of the Placing, increased
the size of the Placing and Subscription to approximately £4.04 million
pursuant to the Placing of 7,886,288 Placing Shares and a Subscription of
8,952,070 Subscription Shares at an Issue Price of 24 pence per New Share.

 

 

As part of the Fundraising, the Company also announced details of a Retail
Offer to be made to Shareholders in the UK and qualifying Shareholders in
Australia to raise up to an additional maximum £450,000 (assuming full take
up of the Retail Offer) through the issue of up to 1,875,000 Retail Shares at
the Issue Price. In the UK the Retail Offer is being conducted via the
Bookbuild Platform and in Australia, the Company will liaise directly with
qualifying Shareholders. The UK Retail Offer and the Australian Retail Offer
are expected to close at 4:30 p.m. on 22 November 2023 (GMT) and 3:30 a.m.
(AEDT) on 23 November 2023 respectively, the results of the Retail Offer will
be announced separately thereafter.

 

Posting of Circular and Notice of General Meeting

 

The Placing, Subscription, Retail Offer and Acquisition are each conditional,
inter alia, upon Shareholders approving the Resolutions at the General
Meeting. The Circular, which contains the Notice of General Meeting, in
respect of the Fundraising and Acquisition is expected to be posted to
Shareholders tomorrow and will also be available on the Company's website
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, Broker and UK Retail  +44 207 220 0500
 Offer Coordinator)
 Corporate Finance

 Neil McDonald

 Seamus Fricker

 Fergus Sullivan

 ECM/Sales

 Leif Powis

 Graham Hall

 Barney Hayward

 Alma  (Financial PR Adviser)                                                +44 20 3405 0205

 Justine James                                                               gelion@almastrategic.com

 Hannah Campbell

 Will Ellis Hancock

 

 

 

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