RNS Number : 3086V
Gelion PLC
01 December 2023
 

DEFINED TERMS IN THIS ANNOUNCEMENT SHALL HAVE THE SAME MEANING AS IN THE 'PROPOSED ACQUISITION, PROPOSED PLACING VIA ACCELERATED BOOKBUILD, SUBSCRIPTION AND RETAIL OFFER AND GENERAL MEETING' ANNOUNCEMENT, RELEASED ON 9 NOVEMBER, UNLESS OTHERWISE SPECIFIED.

 

Gelion PLC

("Gelion" or the "Company")

Director/PDMR Dealings

and

Total Voting Rights

 

Gelion (AIM: GELN), the Anglo-Australian battery innovator, announces that as detailed in the Company's Fundraising announcement on 9 November 2023, the following Directors of the Company have acquired in aggregate new ordinary shares of 0.1 pence each in the Company ("Ordinary Shares"), at the Issue Price of 24.0 pence per share:

 

Name

Number of Existing Ordinary Shares

Percentage of existing issued share capital

Number of New Shares subscribed for

Total number of Ordinary Shares held on General Admission

Percentage of Enlarged Share Capital on General Admission*

Thomas Maschmeyer

16,755,948

15.46%

562,500

17,318,448

12.73%

Steve Mahon

1,513,615

1.40%

312,500

1,826,115

1.34%

Michael Davie

824,252

0.76%

208,333

1,032,585

0.76%

John Wood

48,000

0.04%

291,666

339,666

0.25%

Joycelyn Morton

121,572

0.11%

208,333

329,905

0.24%

Amit Gupta

15,000

0.01%

83,333

98,333

0.07%

 

 

Total Voting Rights

 

As Admission has now taken place for all of the new Ordinary Shares to be issued pursuant to the Fundraising, the total number of Ordinary Shares in issue is now 135,998,459 with the Company holding no Ordinary Shares in treasury. Therefore the total number of voting rights is also 135,998,459. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

-Ends-

For further information:

Gelion plc

Steve Mahon, Chairman

John Wood, CEO

Thomas Maschmeyer, Founder and Principal Technology Advisor

 

via Alma

Cavendish Capital Markets Limited (Nominated Adviser and Sole Broker)

+44 207 220 0500

Corporate Finance

Neil McDonald

Seamus Fricker

Fergus Sullivan

 

ECM/Sales

Barney Hayward

Leif Powis

Graham Hall

 


Alma Strategic Communications

Justine James

Hannah Campbell

Will Ellis Hancock

+44 20 3405 0205

gelion@almastrategic.com



 

Notes to Editors

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 UK1 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.

 

 

The notification below is made in accordance with the requirements of the EU regulation on market abuse which forms part of UK law by virtue of the European Union (Withdrawal) Act 2018.

1.           

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Steve Mahon

2.           

Reason for the Notification

a)

Position/status

Chairman

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

312,500

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

29 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John Wood 

2.           

Reason for the Notification

a)

Position/status

Chief Executive Officer

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

291,666

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

9 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Thomas Maschmeyer

2.           

Reason for the Notification

a)

Position/status

Non-executive Director

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

562,500

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

9 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Joycelyn Morton

2.           

Reason for the Notification

a)

Position/status

Non-executive Director

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

208,333

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

9 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

1.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Michael Davie

2.           

Reason for the Notification

a)

Position/status

Non-executive Director

b)

Initial notification/Amendment

Initial notification

3.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

4.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

208,333

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

9 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

5.   

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Amit Gupta

6.           

Reason for the Notification

a)

Position/status

Chief Financial Officer

b)

Initial notification/Amendment

Initial notification

7.   

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Gelion plc

b)

LEI

2138008NC7YL3MCUDR84

8.   

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the Financial instrument, type of instrument

Ordinary shares of 0.1p each

Identification code

GB00BNBQZD59

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

 

No. of Shares

Price

83,333

£0.24

d)

Aggregated information:

·      Aggregated volume

·      Price

See above

e)

Date of the transaction

9 November 2023

f)

Place of the transaction

London Stock Exchange, AIM Market (XLON)

 

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