Result of Placing and Subscription
Gelion PLC announced the successful raising of £10.0 million before expenses through the issuance of 50,000,000 new shares via a placing and subscription. The placing generated £7.6 million from 37,972,000 placing shares, while the subscription yielded £2.4 million through 12,028,000 subscription shares. Additionally, a retail offer aims to raise up to £0.5 million through the issue of up to 2,500,000 retail offer shares. The general meeting to approve the resolutions is expected to be held on November 5, 2025, with the circular posted to shareholders by October 20, 2025. Admission to trading on AIM is expected around November 7, 2025.
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UNLESS OTHERWISE DEFINED, CAPITALISED TERMS USED HEREIN SHALL HAVE THE MEANINGS GIVEN TO THEM IN THE COMPANY'S ANNOUNCEMENT PUBLISHED AT APPRXOMATELY 4.43 P.M. (BST) YESTERDAY, 16 OCTOBER 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 yesterday at 4.43 p.m. in respect of the Fundraising, the Company has raised an aggregate of £10.0 million (before expenses) by way of the issue of 50,000,000 New Shares, pursuant to the Placing and Subscription.
The Placing raised gross proceeds of £7.6 million through the issue of 37,972,000 Placing Shares and the Subscription raised gross proceeds of £2.4 million through the issue of 12,028,000 Subscription Shares.
As part of the Fundraising, the Company also announced details of a Retail Offer to be made to existing Shareholders and new Retail Investors to raise up to an additional maximum of £0.5 million through the issue of up to 2,500,000 Retail Offer Shares, at the Issue Price. The Retail Offer is being conducted via Winterflood Retail Access Platform ("WRAP"). The Retail Offer is expected to close at 4.30 p.m. (BST) on 23 October 2025, and the results of the Retail Offer will be announced on or around 24 October 2025.
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 5 November 2025. The Circular, which contains the Notice of General Meeting in respect of the Fundraising, is expected to be posted to Shareholders by 20 October 2025 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* |
|---|---|---|---|---|
| Prof. Thomas Maschmeyer | 17,874,003 | 50,000 | 17,924,003 | 7.82% |
| Dr Steve Mahon | 3,103,893 | 125,000 | 3,228,893 | 1.41% |
| Dr Graham Cooley | 2,550,000 | 625,000 | 3,175,000 | 1.38% |
| Michael Davie | 1,495,577 | 125,000 | 1,620,577 | 0.71% |
| John Wood | 784,110 | 125,000 | 909,110 | 0.40% |
| Joycelyn Morton | 514,571 | 75,000 | 589,571 | 0.26% |
*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 director of the Company for the purposes of the Fundraise, Amit Gupta, having consulted with the Company's Nominated Adviser, Strand Hanson, considers 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 7 November 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 17 November 2025).
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.