Result of Placing and Subscription
Placing and subscription raised approximately £1.57 million at 15 pence per share.
- Placing and Subscription amount £1.57 million
- Placing Shares 6,906,642
- Subscription Shares 3,563,333
- Issue Price 15 pence per share
- Retail Offer maximum £150,000
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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.
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.
| Cavendish Capital Markets Limited (Nominated Adviser, Broker and UK Retail Offer Coordinator) | +44 207 220 0500 |
Corporate Finance Neil McDonald Seamus Fricker Adam Rae ECM/Sales Louise Talbot Graham Hall
| Oberon (Joint Bookrunner) Nick Lovering Mike Seabrook | +44 20 3179 5300 |
| Alma (Financial PR Adviser) Justine James Hannah Campbell Will Ellis Hancock | +44 20 3405 0205 gelion@almastrategic.com |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.