Gelion PLC Block Admission Application (3603Z)

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)                                            [phone] 
 Christopher Raggett 
  Seamus Fricker 
  Fergus Sullivan 
  Barney Hayward 
 Tavistock (Financial PR Adviser)                    [phone] 
  Simon Hudson                                 [e-mail] 
  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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January 24, 2022 03:30 ET (08:30 GMT)