Gelion PLC Block Admission Application (3603Z)
24 January 2022 - 7:30PM
UK Regulatory
TIDMGELN
RNS Number : 3603Z
Gelion PLC
24 January 2022
Gelion plc
("Gelion" or the "Company")
Block Admission Application
Gelion (AIM: GELN), the Anglo-Australian battery storage
innovator, announces that an application has been made to the
London Stock Exchange for a block admission of 8,100,000 ordinary
shares of 0.1 pence each ("Ordinary Shares") to be admitted to
trading on AIM ("Block Admission").
The Block Admission relates to Ordinary Shares that will be
issued from time to time in accordance with the exercise of options
under the Company's Existing Share Option Plan. All Ordinary Shares
issued pursuant to the Block Admission above will rank pari passu
with the existing Ordinary Shares.
It is expected that the Block Admission will become effective on
or around 26 January 2022.
The Company has no other block listings.
Total voting rights
The Company intends to notify on a monthly basis when there are
changes to the issued share capital of the Company, and these
monthly figures may be used by shareholders as the denominator for
the calculation by which they will determine if they are required
to notify their interest in, or a change in their interest in, the
share capital of the Company, under the FCA's Disclosure Guidance
and Transparency Rules.
CONTACTS
Gelion plc via Tavistock
Andrew Grimes, Chief Executive Officer
Thomas Maschmeyer, Founder and Principal
Technology Advisor
Marcus Strom, Corporate Communications
finnCap Ltd (Nominated Adviser and Sole
Broker) +44 207 220 0500
Christopher Raggett
Seamus Fricker
Fergus Sullivan
Barney Hayward
Tavistock (Financial PR Adviser) +44 207 920 3150
Simon Hudson gelion@tavistock.co.uk
Nick Elwes
Rebecca Hislaire
Matthew Taylor
Notes to editors
Gelion (AIM: GELN) is a publicly listed company on the London
Stock Exchange AIM market. It was founded as a spin-out from the
University of Sydney in 2015 by Professor Thomas Maschmeyer, one of
the world's leading chemists who was awarded the Australian Prime
Minister's Prize for Innovation 2020.
Gelion is a global renewable-energy storage innovator. By
designing leading-edge battery technology for stationary and mobile
energy, the Company supports the transition to a sustainable
economy while delivering value for customers and investors.
-- The Gelion Endure battery uses low-cost, abundant raw
materials and is based on a chemistry that is highly resistant to
fire.
-- With applications in agriculture, mining, water management
and irrigation the battery is highly adaptable for off-grid
use.
The batteries are also scalable, using lead-acid battery
manufacturing technology, and the Company expects to develop
megawatt-hour capacity for large-scale infrastructure, including
for solar and wind farms.
In addition to investing in the growth of its zinc-bromide
technology, the Company will use funding to develop its mobile
energy division to enhance existing lithium-ion and lithium-sulfur
battery technologies used in electric vehicles and the emerging
market in electric aviation.
For the mobile market, Gelion's technology pipeline
includes:
-- Highly tuneable, low-cost silicon nanoparticle additives for
next-generation advanced lithium-ion batteries, which are safer and
have higher energy density.
-- A low-cost additive, which increases the lifetime of
lithium-sulfur batteries by more than four times, delivering up to
three times higher energy by weight than conventional lithium-ion
batteries.
Using additive technology developed by its R&D team, which
cooperates closely with scientists at the School of Chemistry and
the University of Sydney Nano Institute, Gelion will develop and
license additives for advanced lithium-silicon and lithium-sulfur
technologies for ultra-high-density batteries to extend the
cycle-life and safety of mobile energy storage.
Gelion also recently announced a partnership with Battery Energy
Power Solutions in Sydney to manufacture and distribute its
zinc-bromide batteries for the Australian market.
Gelion qualified for the LSE Green Economy Mark which recognises
London-listed companies and funds that derive more than 50% of
their revenues from products and services that are contributing the
environmental objectives such as climate change mitigation and
adaptation, waste and pollution reduction, and the circular
economy.
To find out more, please visit: www.gelion.com .
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU No. 596/2014) which is part of UK law by virtue of
the European Union (Withdrawal) Act 2018. Upon the publication of
this announcement, this inside information is now considered to be
in the public domain.
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