13 December 2023

Gelion PLC

(the "Company" or the "Group")

Director/PDMR Shareholding - Grant of options 

Gelion plc (AIM: GELN), the Anglo-Australian energy storage innovator, announces the grant of options ("Options") to subscribe for new ordinary shares ("Ordinary Shares") to Amit Gupta, Chief Financial Officer, in accordance with the terms of the Group's Share Option Plan.

Mr Gupta was granted 259,370 Options on 13 December 2023. These Options have an exercise price of 0.1 pence and are subject to vesting and exercise conditions of the Share Option Plan as set out below. Following this grant the total number of Options held by Amit Gupta is 695,802. These Options have been granted to Mr Gupta in recognition of his contributions to the Group in FY23.

Subsequent to this issue of Options, the Group has approximately 11.04 million Options in issue, representing 8.1% of the Company's issued share capital.

Summary of terms of these Options

These Options will vest in three equal tranches with the final vesting on 31 August 2026 provided on each vesting that Mr Gupta is in continuous employment with Gelion. The Options expire, to the extent that they have not been exercised, on 13 December 2033.

All Options are subject to both malus and clawback provisions and good and bad leaver provisions. All unvested options will vest in certain corporate events such as a takeover of the company or a change of control. In these circumstances the Options would normally vest and become exercisable in full unless the Board decides that the Option will be pro-rated to take account of the date the corporate event took place during the normal vesting period.

Enquiries:

The Notification of Dealing Form set out below is provided in accordance with the requirements of the EU Market Abuse Regulation.