GELN 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 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

THIS ANNOUNCEMENT SHOULD BE READ IN ITS ENTIRETY.

DEFINED TERMS IN THIS ANNOUNCEMENT SHALL HAVE THE SAME MEANING AS IN THE LAUNCH ANNOUNCEMENT, RELEASED AT APPROXIMATELY 4:35 P.M. YESTERDAY, UNLESS OTHERWISE SPECIFIED.

19 December 2024

Gelion plc

("Gelion" or the "Company" or the "Group")

Result of Placing and Subscription

Gelion (AIM: GELN) the Anglo-Australian battery innovator, is pleased to announce that, further to the announcement made on 18 December 2024 and due to further demand in the accelerated bookbuild process, which has now closed, the Company has, in line with the Terms and Conditions of the Placing, increased the size of the Placing and Subscription to approximately £1.57 million pursuant to the Placing of 6,906,642  Placing Shares and a Subscription of 3,563,333 Subscription Shares at an Issue Price of 15 pence per New Share.

As part of the Fundraising, the Company also announced details of a Retail Offer to be made to Shareholders in the UK to raise up to an additional maximum £150,000 (assuming full take up of the Retail Offer) through the issue of up to 1,000,000 Retail Shares at the Issue Price. The Retail Offer is being conducted via the Bookbuild Platform. The Retail Offer is expected to close at 4:30 p.m. on 20 December 2024 (GMT) the results of the Retail Offer will be announced separately thereafter.

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