Business
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. Disclaimer*
About this update from Gelion Plc
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY. FURTHER DETAILS OF THE FUNDRAISING ARE SET OUT BELOW. THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY NEW SHARES OF GELION PLC. THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS DEFINED IN ARTICLE 7 OF THE MARKET ABUSE REGULATION NO. 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018, AS AMENDED ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN. 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. 17 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). CONTACTS 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) 203 002 2073 Alma Strategic Communications (Financial PR) Justine James / Hannah Campbell / Rose Docherty +44 (0) 20 3405 0205 [email protected]