Business
Admission to AIM and First Day of Dealings
Admission to AIM and First Day of Dealings.
About this update from Gelion Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 9530T\n Gelion PLC\n 30 November 2021\n \n \n \n \n NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND DEPENDENCIES, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE \"UNITED STATES\"), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW\n \n \n 30 November 2021\n \n \n Gelion PLC\n \n \n (\"Gelion\" or the \"Company\")\n \n \n Admission to AIM, First Day of Dealings\n \n \n and\n \n \n London Stock Exchange's Green Economy Mark\n \n \n Gelion, a UK-Australian energy storage innovator, is pleased to announce the admission of its entire issued ordinary share capital to trading on the AIM market of the London Stock Exchange. Admission will take place and dealings will commence at 8.00 am GMT today under the ticker GELN. The Company's Admission Document is available to view on the Company's website at \n \n https://gelion.com/\n \n . \n \n \n Founded as a spin-out from the University of Sydney in 2015, Gelion offers investors access to the keystone energy storage sector, which is fundamental to transitioning economies away from fossil-fuels and unleashing the full potential of sources of renewable energy such as wind and solar. The funds raised by the Company as part of the IPO will be to fund full commercialisation of existing proven technologies and to fund further research and development into this rapidly growing element of the energy transition. \n \n \n Key Highlights:\n \n \n · \n Based on the Placing Price of 145p, the market capitalisation of the Company will be approximately £154.3 million at Admission\n \n \n · \n Placing raised approx. £19 million gross of which approx. £3 million is receivable by selling shareholders \n \n \n · \n The Company's ISIN is \n GB00BNBQZD59 \n and its SEDOL is \n BNBQZD5\n \n \n · \n finnCap Capital Markets is acting as Sole Broker and Nominated Adviser in relation to the Placing and Admission\n \n \n · \n Following Admission the Company will have 106,463,839 Ordinary Shares in issue \n \n \n London Stock Exchange's Green Economy Mark\n \n \n Gelion has received London Stock Exchange's Green Economy Mark. This classific...