REG - Gelion PLC - Result of Placing and Subscription

GelionAnnouncement

19/12/2024 07:00

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RNS Number : 6684Q  Gelion PLC  19 December 2024

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 4:35 P.M. YESTERDAY, UNLESS
OTHERWISE SPECIFIED.

 

19 December 2024

Gelion plc

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

 

Result of Placing and Subscription

 

Gelion (AIM: GELN) the Anglo-Australian battery innovator, is pleased to
announce that, further to the announcement made on 18 December 2024 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 £1.57 million
pursuant to the Placing of 6,906,642  Placing Shares and a Subscription of
3,563,333 Subscription Shares at an Issue Price of 15 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 to raise up to an additional
maximum £150,000 (assuming full take up of the Retail Offer) through the
issue of up to 1,000,000 Retail Shares at the Issue Price. The Retail Offer is
being conducted via the Bookbuild Platform. The Retail Offer is expected to
close at 4:30 p.m. on 20 December 2024 (GMT) the results of the Retail Offer
will be announced separately thereafter.

 

 

 

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

 Adam Rae

 ECM/Sales

 Louise Talbot

 Graham Hall

 Oberon (Joint Bookrunner)                                                   +44 20 3179 5300

 Nick Lovering

 Mike Seabrook

 Alma  (Financial PR Adviser)                                                +44 20 3405 0205

 Justine James                                                               gelion@almastrategic.com

 Hannah Campbell

 Will Ellis Hancock

 

 

 

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