Block Admission Return

RNS Number : 8410T

Gelion PLC

27 July 2022

 

Gelion plc

("Gelion" or the "Company")

Block Admission Return

The Company provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements:

a	Name of company	G elion plc
b	Name of scheme	G elion plc scheme :      Shares Existing Share Option Plan                               8,100,000
c	Period of return (from/ to)	26 January 2022 to 26 July 2022
d	Number and Class of Securities not issued at the start of the period under the scheme	8,100,000 ordinary shares of 0.1p each
e	Additional listing	Nil
f	Number of securities issued under the scheme during the period	Shares Existing Share Option Plan     111,000
g	Balance under the scheme of securities not yet issued at the end of the period	Shares Existing Share Option Plan                                    7,989,000
h	Number and class of securities originally admitted and the date of admission	8,100,000 ordinary shares of 0.1p each
i	Contact name - Company  Telephone number Contact name - finnCap Ltd  Telephone number	Amit Gupta 020 7749 2640 Christopher Raggett 020 7220 0500

CONTACTS

Gelion plc Hannah McCaughey, CEO Thomas Maschmeyer, Founder and Principal Technology Advisor	via Alma PR
finnCap Ltd (Nominated Adviser and Sole Broker)	[phone]
Christopher Raggett (Corporate Finance) Seamus Fricker (Corporate Finance) Fergus Sullivan (Corporate Finance) Barney Hayward (ECM)
Alma PR (Financial PR Adviser) Justine James Josh Royston Hannah Campbell	[phone] [e-mail]

About Gelion plc

Gelion ("gel: ion") is a global renewable-energy storage innovator. By designing and manufacturing the world's best batteries for stationary and mobile energy, we support the transition to a sustainable economy while delivering value for customers and investors.

Stationary storage - Gelion Endure: the sustainable energy storage solution

Gelion has developed patented technology for a breakthrough zinc-bromide battery to support the transition to a carbon neutral economy by 2050. The technology is a low-cost, robust, safe and recyclable alternative to lithium-ion and lead-acid batteries making them ideally suited for the expanding energy storage market.

Gelion's zinc-bromide gel battery uses non-flow technology, which is scalable, can deliver 100% depth of discharge and has a higher temperature tolerance and longer duration discharge than competing lead-acid and lithium-ion batteries. With applications at grid scale as well as in agriculture, mining, water management and irrigation the battery is also highly adaptable for off-grid use.

Mobile storage - Tomorrow's transport systems will rely on mobile renewable energy.

Gelion is also developing performance additives to improve the safety, longevity and energy density of lithium-based batteries for mobile applications. Using nanotechnology, Gelion's lithium-silicon and lithium-sulfur additives will help power the EV and e-aviation markets.

Gelion was spun-out from the University of Sydney in 2015 by Professor Thomas Maschmeyer, one of the world's leading chemists, Fellow of the Australian Academy of Science and recipient of the Australian Prime Minister's Prize for Innovation 2020, that country's highest honour for scientific entrepreneurship.

The Company's ESG credentials are strongly aligned to six of the UN's 17 Sustainable Development Goals.

Gelion's shares are listed on the AIM market of the London Stock Exchange and it received the Green Economy Mark at IPO in November 2022 recognising its commitment to energy transition.

 

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