Result of Retail Offer

The Board of Gelion announces that the Retail Offer, launched on 17 April 2025, has closed, raising gross proceeds of approximately £177,466 through the proposed issuance of 1,971,845 Retail Offer Shares at the Issue Price of 9 pence per Retail Offer Share.

In addition, due to additional demand the Company has raised an additional £347,175 via the Subscription and therefore an additional 3,857,495 Subscription Shares will be issued by the Company.

Consequently, conditional, inter alia, upon approval of resolutions to be proposed to Shareholders at a General Meeting to be held on 6 May 2025, the Company will issue 9,773,982 Placing Shares, 16,635,266 Subscription Shares and 1,971,845 Retail Offer Shares (being an aggregate of 28,381,093 New Ordinary Shares) to raise total gross proceeds of approximately £2.6 million as part of the Fundraising.

Admission and Total Voting Rights

It is expected that Admission of the New Ordinary Shares will take place at 8.00 a.m. on or around 8 May 2025 and that dealings in the New Ordinary Shares on AIM will commence at the same time.

On Admission, the total number of Ordinary Shares in issue will be 176,851,783 with the Company holding no Ordinary Shares in treasury. Therefore, the total number of voting rights will also be 176,851,783. From Admission, this figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

Capitalised terms used in this announcement and not separately defined shall have the same meanings as given to them in the Company's announcement titled 'Retail Offer via BookBuild' dated 17 April 2025.

UK Product Governance Requirements

EU Product Governance Requirements