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Gelion PLC ( (GB:GELN) ) has provided an announcement.
Gelion PLC, a company involved in the energy sector, has successfully closed its Retail Offer, raising approximately £177,466 through the issuance of 1,971,845 Retail Offer Shares at 9 pence each. Additionally, due to increased demand, the company raised an extra £347,175 through a Subscription, resulting in the issuance of 3,857,495 Subscription Shares. Overall, Gelion plans to issue a total of 28,381,093 new ordinary shares, raising gross proceeds of approximately £2.6 million, subject to shareholder approval at a General Meeting on 6 May 2025. This fundraising effort is expected to enhance Gelion’s market position and operational capabilities.
More about Gelion PLC
YTD Price Performance: -36.76%
Average Trading Volume: 62,703
Technical Sentiment Signal: Buy
Current Market Cap: £15.96M
See more data about GELN stock on TipRanks’ Stock Analysis page.