Business
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. Disclaimer*
About this update from Gelion Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, SOUTH AFRICA OR JAPAN, OR ANY MEMBER STATE OF THE EEA, OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.\n \nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY WINTERFLOOD SECURITIES LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 141455).\n \n16 October 2025\n \nGelion plc\n(\"Gelion\" or the \"Company\")\n \nWRAP Retail Offer for up to £500k\n \nGelion 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.\n \nIn 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.\n \nA 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.\n \nFor 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 an...