LONDON - Gelion Plc (LSE:GELN), a company listed on the AIM market of the London Stock Exchange (LON:LSEG), has launched a retail offer of up to £0.15 million through the issue of new ordinary shares. The offer, which opened on the morning of Wednesday, is set to provide existing retail shareholders in the United Kingdom (TADAWUL:4280) the opportunity to participate at an issue price of 15 pence per share.
The issue price represents a 14.3% discount compared to the closing share price of 17.5 pence on December 18, 2024. This retail offer is part of a broader fundraising strategy that includes a placing and subscription aimed at raising an additional £1.5 million. However, the retail offer is not contingent on the success of the placing and subscription, which are also proceeding at the same issue price.
The new shares are expected to begin trading on December 24, 2024, following admission to the AIM. The company has emphasized the importance of its retail shareholder base, which has supported it since its initial public offering, by making this offer available exclusively in the UK through selected financial intermediaries.
Cavendish Capital Markets Limited is coordinating the retail offer, and the company has directed existing shareholders to contact their brokers or wealth managers to participate. Interested parties must be onboarded onto the BookBuild platform and agree to the final terms and conditions of the retail offer.
The retail offer will close on December 20, 2024, at 4:30 p.m., unless it is oversubscribed and closes early. Financial intermediaries may have earlier deadlines, and the company advises investors to confirm any associated commissions, fees, or expenses with their intermediary.
This news is based on a press release statement from Gelion Plc.
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