TIDMGELN

RNS Number : 8123U

Gelion PLC

27 November 2023

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                                         Less 
  Offer, and the acquisition of                                          than 
  OXLiD Ltd.                               42,660,711   99.99   183      0.01   None 
                                          -----------  ------  ------  ------  --------- 
 2 - To authorise the directors 
  to disapply the statutory pre-emption 
  rights in relation to the allotment                                   Less 
  of shares pursuant to the Placing,                                     than 
  Subscription and Retail Offer.           42,597,271   99.85   406      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                                       via Alma 
   John Wood, CEO 
   Amit Gupta, CFO 
   Thomas Maschmeyer, Founder and Principal 
   Technology Advisor 
  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                    +44 20 3405 0205 
   Justine James                                    gelion@almastrategic.com 
   Hannah Campbell 
   Will Ellis Hancock

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 UK(1) 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.

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END

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(END) Dow Jones Newswires

November 27, 2023 11:54 ET (16:54 GMT)

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