Good Energy reveals plans to list shares on AIM
Published on : 13/07/2012
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One of the United Kingdom's most prominent green energy suppliers is set to list its shares on the AIM (Alternative Investment Market) - a sub-market of the London Stock Exchange - according to an article published by Swindon Business News.
Chippenham-based Good Energy will list its shares on the market after eight years of listing on the PLUS market. The company said that the trading in its shares and interest from institutional shareholders had been low on the PLUS market, and that now was the right time to list them on the AIM.
Good Energy's board believe that it needs access to institutional investors in order to help the company continue with its growth.
In a statement, Good Energy said: "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."
Last month (June) Good Energy revealed that it had 30,000 electricity customers - representing an annual growth rate of 12 per cent.
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