NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND DEPENDENCIES, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (COLLECTIVELY, THE "UNITED STATES"), CANADA, AUSTRALIA, NEW ZEALAND, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW

 30 November 2021

Gelion PLC

("Gelion" or the "Company")

Admission to AIM, First Day of Dealings

and

London Stock Exchange's Green Economy Mark

Gelion, a UK-Australian energy storage innovator, is pleased to announce the admission of its entire issued ordinary share capital to trading on the AIM market of the London Stock Exchange. Admission will take place and dealings will commence at 8.00 am GMT today under the ticker GELN. The Company's Admission Document is available to view on the Company's website at https://gelion.com/. 

Founded as a spin-out from the University of Sydney in 2015, Gelion offers investors access to the keystone energy storage sector, which is fundamental to transitioning economies away from fossil-fuels and unleashing the full potential of sources of renewable energy such as wind and solar. The funds raised by the Company as part of the IPO will be to fund full commercialisation of existing proven technologies and to fund further research and development into this rapidly growing element of the energy transition. 

Key Highlights:

·      Based on the Placing Price of 145p, the market capitalisation of the Company will be approximately £154.3 million at Admission

·      Placing raised approx. £19 million gross of which approx. £3 million is receivable by selling shareholders

·      The Company's ISIN is GB00BNBQZD59 and its SEDOL is BNBQZD5

·      finnCap Capital Markets is acting as Sole Broker and Nominated Adviser in relation to the Placing and Admission

·      Following Admission the Company will have 106,463,839 Ordinary Shares in issue

London Stock Exchange's Green Economy Mark

Gelion has received London Stock Exchange's Green Economy Mark. This classification, first introduced in 2019, was created to highlight companies and investment funds listed on all segments of London Stock Exchange's Main Market and AIM that are driving the global green economy. To qualify for the Green Economy Mark, companies and funds must generate 50% or more of their total annual revenues from products and services that contribute to the global green economy.

The underlying methodology incorporates the Green Revenues data model developed by FTSE Russell. It provides a detailed taxonomy of environmental goods, products and services, and is designed to recognise both 'pure-play' green technology companies, as well as those across all industries that make significant contributions to the transition to a sustainable, low carbon economy.

Investor Presentation

Gelion is also pleased to announce that Andrew Grimes, CEO, Stuart Rayner, Commercial Director, and Professor Thomas Maschmeyer, Founder and Principal Technology Advisor, will provide a live presentation via the Investor Meet Company platform today at 11.00 am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9.00 am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet Gelion via:

https://www.investormeetcompany.com/gelion-plc/register-investor

Investors who already follow Gelion on the Investor Meet Company platform will automatically be invited.

Andrew Grimes, Chief Executive Officer, commented: 

"Our admission to AIM is an exciting milestone for Gelion. The successful completion of our IPO represents the beginning of a new chapter as we look to develop new and innovative energy storage solutions both in-house and in conjunction with key industry players and customers.

The London Stock Exchange's Green Economy Mark, received today, recognises the Company's ongoing contribution to the global green economy.

I am delighted to welcome our new shareholders and would like to thank them for their support. We look forward to working with them in the years ahead as we build on our strong foundations and push forward with our growth plans."

Capitalised terms used in this announcement and not separately defined shall have the meaning given to them in the Company's Admission Document.

For more information, please contact:

To find out more, please visit: www.gelion.com.

Notes to editors

Gelion 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 has pre-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. 

Important Notices

This announcement does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for any securities in any jurisdiction, nor shall it (or any part of it), or the fact of its distribution, form the basis of, or be relied upon in connection with, or act as any inducement to enter into, any contract or commitment whatsoever relating to any securities.

Recipients of this announcement who intend to purchase or subscribe for shares in the Company are reminded that any such purchase or subscription must only be made solely on the basis of the information contained in the final admission document relating to the Company.

This document does not constitute an offer of securities in the United States or to US Persons. Shares of the Company may not be offered or sold in the United States or to US Persons without being registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act") or an available exemption from such registration. The Company does not presently intend to register any securities under the U. S. Securities Act and no public offering of shares is being or will be made in the United States or to US Persons.

The information contained in this announcement is not for publication or distribution in, into or from the United States, Canada, Australia or Japan. Any failure to comply with these restrictions may constitute a violation of United States, Canadian, Australian or Japanese securities laws. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in the United States, Australia, New Zealand, Canada, Japan or the Republic of South Africa or any other jurisdiction where such an offer or solicitation would be unlawful.  No money, securities or other consideration is being solicited and, if sent in response to the information contained herein, will not be accepted.

finnCap Ltd ("finnCap") which is authorised and regulated by the Financial Conduct Authority in the United Kingdom, is acting exclusively for the Company and no-one else in connection with Admission. finnCap will not regard any other person as its client in relation to Admission and will not be responsible to anyone other than the Company for providing the regulatory protections afforded to its clients, nor for providing advice in relation to the contents of this announcement or any transaction, arrangement or other matter referred to herein.

For the avoidance of doubt, the contents of the Group's websites are not incorporated by reference into, and do not form part of, this announcement.