Good Energy, the Chippenham-based green electricity supplier, is to list its share on the London Stock Exchange’s AIM market following eight years on the lightly-regulated PLUS market.
The firm, the UK’s leading 100% renewable electricity supplier, said trading in its shares and interest from institutional shareholders had been low on PLUS and directors now believe it is an appropriate time to seek admission to AIM.
The move is part of the group’s continued development with the board believing the increasing need to seek access to institutional investors to help continue this growth.
“The directors also believe that admission to AIM will improve liquidity in the group’s ordinary shares and enhance the status of the company’s brand and market recognition,” Good Energy said in a statement.
The firm, led by chief executive Juliet Davenport last month announced it had passed the milestone of 30,000 electricity supply customers – an annual growth rate of 12% – with more than 6,700 gas supply customers (up 47% on the previous year).
