Pod Point has announced a possible offer from its 53% shareholder, EDF Energy Customers, to acquire the remaining equity at 6.5p per share in cash. As a result, the Group is no longer in a position to publish results by 30 April 2025, so shares will be suspended from 1 May. Zeus had issued a sell recommendation on 21 January when the price was 10.9p. The Group subsequently guided for an additional £8m of adjusted EBITDA losses in FY24, taking the expected loss to £22m. The majority of this £8m r ....

25 Apr 2025
Pod Point Group (PODP LN) - Unplugging from public markets? - Dropping coverage

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Pod Point Group (PODP LN) - Unplugging from public markets? - Dropping coverage
- Published:
25 Apr 2025 -
Author:
Carl Smith, CFA -
Pages:
4 -
Pod Point has announced a possible offer from its 53% shareholder, EDF Energy Customers, to acquire the remaining equity at 6.5p per share in cash. As a result, the Group is no longer in a position to publish results by 30 April 2025, so shares will be suspended from 1 May. Zeus had issued a sell recommendation on 21 January when the price was 10.9p. The Group subsequently guided for an additional £8m of adjusted EBITDA losses in FY24, taking the expected loss to £22m. The majority of this £8m r ....