Global Energy Innovator, Gelion PLC, Surpasses Expectations by Raising £2 Million Through Increased Placing and Subscription Strategy

In a buoyant turn of financial news, Gelion PLC, innovative provider of energy storage solutions, has announced the raising of a considerable £2 million in new shares. This comes in the wake of amplified demand during the company’s accelerated book-build process which led Gelion to increase the size of its Placing, based on predefined terms and conditions.

Through this increased Placing and Subscription activity, which has now concluded, an impressive total of 22,551,753 new shares were issued. The Placing saw gross proceeds accruing to £0.88 million through the distribution of 9,773,982 shares, while the Subscription witnessed gross proceeds of £1.15 million in return for the distribution of 12,777,771 shares.

The retail offer is set to be concluded by 5:00 p.m. BST on April 22, 2025, and the subsequent results of this initiative will be shared through a later separate announcement. This move serves as a testament to Gelion’s progressive and inclusive financial strategy, allowing their existing investors to further participate in the company’s growth journey.

The financial success enjoyed by Gelion PLC demonstrates both the company’s solid strategy and the impressive investor confidence in their innovative energy storage solutions. It is a clear indicator that the energy sector continues to thrive, even in these challenging times.