WRAP Retail Offer for up to £500k
Gelion PLC announced a retail offer via the Winterflood Retail Access Platform (WRAP) to raise up to £500,000 through the issue of 2,500,000 new ordinary shares at a price of 20 pence per share. This WRAP Retail Offer is in addition to a previously announced placing and subscription to raise approximately £10 million through the issue of 50,000,000 new ordinary shares at the same issue price of 20 pence. The WRAP Retail Offer is not part of the Placing or the Subscription. The retail offer is expected to close at 4.30 p.m. on 23 October 2025, with results announced around 24 October 2025. Admission is expected to be effective on 7 November 2025.
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Gelion plc (AIM: GELN) the global energy storage innovator, is pleased to announce a retail offer via the Winterflood Retail Access Platform ("WRAP") to raise up to £500,000 (the "WRAP Retail Offer") through the issue of new ordinary shares of 0.1p each in the capital of the Company ("Ordinary Shares"). Under the WRAP Retail Offer, up to 2,500,000 new Ordinary Shares (the "WRAP Retail Offer Shares") will be made available at a price of 20 pence per share.
In addition to the WRAP Retail Offer and as announced earlier today, the Company is also proposing a placing and subscription of 50,000,000 new Ordinary Shares (together with the WRAP Retail Offer Shares, the "New Ordinary Shares") to raise approximately £10 million (before expenses) through a bookbuild process at a price of 20 pence per share (the "Issue Price"). The issue price of the WRAP Retail Offer Shares is equal to the Issue Price.
A separate announcement has been made regarding the Placing and Subscription and its terms and sets out the reasons for the Placing and Subscription and the intended use of proceeds. The net proceeds of the WRAP Retail Offer will be utilised in the same way as the proceeds of the Placing and Subscription.
For the avoidance of doubt, the WRAP Retail Offer is not part of the Placing or the Subscription. Completion of the WRAP Retail Offer is conditional, inter alia, upon the completion of the Placing and Subscription but completion of the Placing and Subscription is not conditional on the completion of the WRAP Retail Offer.
The WRAP Retail Offer, Placing and Subscription are conditional, inter alia, on shareholder approval and the New Ordinary Shares being admitted to trading on the AIM market operated by the London Stock Exchange plc ("Admission"). It is anticipated that Admission will become effective and that dealings in the New Ordinary Shares will commence on AIM at 8.00 a.m. on 7 November 2025.
WRAP Retail Offer
Therefore, the Company is making the WRAP Retail Offer open to eligible investors in the United Kingdom, being new or existing shareholders of Gelion, following release of this announcement and through certain financial intermediaries.
The Retail Offer is expected to close at 4.30 p.m. on 23 October 2025. Eligible retail investors should note that financial intermediaries may have earlier closing times. The result of the Retail Offer is expected to be announced by the Company on or around 24 October 2025.
There is a minimum subscription of £100 per investor under the Retail Offer. The terms and conditions on which investors subscribe will be provided by the relevant financial intermediaries including relevant commission or fee charges.
| Gelion plc John Wood, CEO Amit Gupta, CFO Prof. Thomas Maschmeyer (Founder and Director) | via Alma |
| Strand Hanson Limited (Nominated and Financial Adviser) Christopher Raggett / Rob Patrick / Harry Marshall | +44 (0) 20 7409 3494 |
| Oberon Capital (Joint Broker) Nick Lovering / Mike Seabrook / Adam Pollock | +44 (0) 20 3179 5300 |
| Allenby Capital Limited (Joint Broker) Jos Pinnington / Lauren Wright (Sales and Corporate Broking) Alex Brearley / Ashur Joseph (Corporate Finance) | +44 (0) 20 3002 2073 |
| Alma Strategic Communications (Financial PR) Justine James / Hannah Campbell / Rose Docherty | +44 (0) 20 3405 0205 gelion@almastrategic.com |
| Winterflood Retail Access Platform Sophia Bechev, Kaitlan Billings | WRAP@winterflood.com +44(0) 20 3100 0286 |
The Company's LEI is 2138008NC7YL3MCUDR84.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.