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Gelion sets date for AGM, delays financial report

Published 12/05/2024, 06:34 PM

LONDON - Gelion plc (AIM: GELN), an innovator in global energy storage, has scheduled its Annual General Meeting (AGM) for Monday, December 30, 2024, at 9 am. The meeting will take place at the offices of Cavendish Capital Markets Limited in London. However, the company will not present its annual report and accounts for the financial year ended June 30, 2024, at the AGM as the results are set to be released on December 27, 2024. Instead, a separate shareholder meeting is planned for before the end of January 2025 to address the report and accounts and the reappointment of auditors BDO LLP.

Shareholders interested in attending the AGM remotely are invited to register in advance by contacting the company. Gelion has made the notice of the AGM available for download on its website.

In the background, Gelion is engaged in developing advanced battery technologies, including Lithium-Sulfur (Li-S) and Zinc-based hybrid cells, aimed at powering both mobile and stationary applications. The company's GEN 3 Lithium Sulfur cell product is designed to offer high energy density and increased longevity for a variety of uses such as electric vehicles (EVs) and energy storage systems (ESS).

Gelion is also working on adapting its zinc technology for the lead-acid battery ecosystem and advancing a battery recycling technology that promises to reduce costs and environmental impact while improving the purity of recovered materials.

The company provides integrated solutions and battery management systems (BMS) to deliver bespoke Battery Energy Storage Systems (BESS) to its Australian customers. These systems are currently based on lithium-ion technology but will include Gelion's next-generation batteries as they become available.

This information is based on a press release statement from Gelion plc.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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