27 November 2023
Gelion plc
("Gelion" or the "Company" or the "Group")
Result of GM and Total Voting Rights
Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces that at the General Meeting ("GM") held earlier today, all resolutions set out in the Notice of GM were duly passed. Following this, as of 8am on 28 December 2023 the total number of voting rights will be 135,998,459.
The voting results for each resolution were as follows:
|
In Favour |
Against |
Withheld Votes |
|||
|
Resolution |
Votes |
% |
Votes |
% |
|
|
1 - To authorise the directors to allot shares pursuant to the Placing, Subscription, Retail Offer, and the acquisition of OXLiD Ltd. |
42,660,711 |
99.99 |
183 |
Less than 0.01 |
None |
|
2 - To authorise the directors to disapply the statutory pre-emption rights in relation to the allotment of shares pursuant to the Placing, Subscription and Retail Offer. |
42,597,271 |
99.85 |
406 |
Less than 0.01 |
63,217 |
The results of the GM will also be available from today on the Company's website at www.gelion.com
CONTACTS
|
Gelion plc John Wood, CEO Amit Gupta, CFO Thomas Maschmeyer, Founder and Principal Technology Advisor |
via Alma |
|
Cavendish Capital Markets Limited (Nominated Adviser and Broker) |
+44 207 220 0500 |
|
Corporate Finance Neil McDonald Seamus Fricker Fergus Sullivan ECM Barney Hayward |
|
|
Alma Strategic Communications Justine James Hannah Campbell Will Ellis Hancock |
+44 20 3405 0205 gelion@almastrategic.com |
About Gelion
Gelion ("gel: ion") is a global -energy storage innovator, supporting the transition to a more sustainable economy by commercialising two globally important next generation technologies: Lithium-Sulfur (LiS) and Zinc-based (Zn) hybrid cells to electrify mobile and stationary applications. Gelion plc (the Group) is listed on the London Stock Exchange's Alternative Investment Market and wholly owns Australia based Gelion Technologies Pty Ltd. Gelion is designing and delivering innovative battery technology to enable that transition and return value for its customers and investors.
Lithium Sulfur
Gelion's effort is directed at the potential for the LiS chemistry to deliver double the gravimetric energy density of standard Lithium-ion chemistries whilst at the same time reducing cost and increasing safety targeting the EV and e-aviation market, helping to make global transport, energy consumption and storage more sustainable.
Gelion is developing a product for its high energy density sulfur cathode at its expanded R&D facilities in Sydney, enabling it to integrate with a variety of anodes ranging from graphite to silicon to lithium metal, depending on the targeted application.
Gelion recently also expanded in the UK1 by acquiring OXLiD Ltd, significantly increasing Gelion's capability in cathode improvement thereby accelerating path to commercial partners and commercialisation.
Zinc
Gelion is adapting its zinc technology to comprise an alternate cathode technology, a zinc hybrid cell to develop complementary next-generation batteries for the lead-acid eco-system. Early testing indicates that this solution has the potential to maintain good energy density levels with enhanced cost and safety aspects. Once fully developed, Gelion intends for our zinc technology to provide a durable and sustainable market extension within the ecosystem that supports lead-acid batteries.