REG - Gelion PLC - Result of Placing and Subscription

GelionAnnouncement

17/04/2025 11:45

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RNS Number : 4991F  Gelion PLC  17 April 2025

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, AS AMENDED ("MAR"). UPON
THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN.

UNLESS OTHERWISE DEFINED, CAPITALISED TERMS USED HEREIN SHALL HAVE THE
MEANINGS GIVEN IN THE COMPANY'S ANNOUNCEMENT PUBLISHED AT APPRXOMATELY 7.05
A.M. (BST) TODAY, 17 APRIL 2025.

17 April 2025

Gelion plc
("Gelion" or the "Company")

Result of Placing and Subscription

and

Posting of Circular and Notice of General Meeting

Gelion plc (AIM: GELN), the global energy storage innovator, is pleased to
announce that, further to its announcement published earlier today in respect
of the Fundraising and due to additional demand in the accelerated bookbuild
process, which has now closed, the Company has increased the size of the
Placing, in line with its Terms and Conditions. Accordingly, the Company has
raised an aggregate of approximately £2.0 million (before expenses) by way of
the issue of 22,551,753 New Shares, pursuant to the Placing and Subscription.

The Placing raised gross proceeds of £0.88 million through the issue of
9,773,982 Placing Shares and the Subscription raised gross proceeds of £1.15
million through the issue of 12,777,771 Subscription Shares.

As part of the Fundraising, the Company also announced details of a Retail
Offer to be made to existing Shareholders in the UK to raise up to an
additional maximum of £191,389.86 through the issue of up to 2,126,554 Retail
Offer Shares, at the Issue Price. The Retail Offer is being conducted via the
Bookbuild Platform. The Retail Offer is expected to close at 5.00 p.m. (BST)
on 22 April 2025, and the results of the Retail Offer will be announced
separately thereafter.

Posting of Circular and Notice of General Meeting

The Placing, Subscription and Retail Offer are each conditional, inter alia,
upon Shareholders approving the Resolutions at the General Meeting which is
expected to be held on 6 May 2025. The Circular, which contains the Notice of
General Meeting in respect of the Fundraising, is expected to be posted to
Shareholders today and will also be available on the Company's website at
www.gelion.com.

Directors' Participation

Details of the Directors' participation in the Fundraising is set out as
follows:

 Director                 Number of Existing Ordinary Shares  Number of New Shares subscribed for  Total number of Ordinary Shares held on Admission  Percentage of Enlarged Share Capital on Admission*
 Dr Steve Mahon            1,992,782                          1,111,111                            3,103,893                                          1.79
 Dr Graham Cooley          666,666                            1,666,666                            2,333,332                                          1.35
 John Wood                 506,333                            277,777                              784,110                                            0.45
 Michael Davie             1,199,252                          277,777                              1,477,029                                          0.85
 Prof. Thomas Maschmeyer   17,651,781                         222,222                              17,874,003                                         10.32

*Assuming the Retail Offer is subscribed in full.

Related Party Transaction

The above Directors' participation in the Fundraising constitutes a related
party transaction pursuant to Rule 13 of the AIM Rules by virtue of their
status as Directors of the Company. The independent directors of the Company,
Amit Gupta and Joycelyn Morton, having consulted with the Company's Nominated
Adviser, Strand, consider the terms of the Directors' participation in the
Fundraising to be fair and reasonable insofar as the Shareholders are
concerned.

Admission

Application will be made for the New Shares to be issued pursuant to the
Fundraising to be admitted to trading on AIM, which is expected to take place
at 8.00 a.m. on or around 8 May 2025 (or such later date as the Company,
Oberon, Allenby and Strand Hanson may agree, but in any event not later than
8.00 a.m. on 22 May 2025).

CONTACTS

 Gelion plc                                                     via Alma
 John Wood, CEO

Amit Gupta, CFO

 Prof. Thomas Maschmeyer (Founder and Director)
 Strand Hanson Limited (Nominated and Financial Adviser)        +44 (0) 20 7409 3494

Christopher Raggett / Rob Patrick
 Oberon Capital (Joint Broker)                                  +44 (0) 20 3179 5300
 Nick Lovering / Mike Seabrook / Adam Pollock

 Allenby Capital Limited (Joint Broker)                         +44 (0) 20 3328 5656

 Jos Pinnington / Guy McDougall (Sales and Corporate Broking)

 Alex Brearley / Ashur Joseph (Corporate Finance)
 Alma Strategic Communications (Financial PR)                   +44 (0) 20 3405 0205

Justine James / Hannah Campbell / Will Ellis Hancock          gelion@almastrategic.com (mailto:gelion@almastrategic.com)

 

 

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