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IN BRIEF: Good Energy Ups Stake In Zap-Map App Owner

25th Jun 2020 17:25

Good Energy Group PLC - renewable power producer based in Chippenham, England - Elects to increase its equity stake in Zap-Map's parent company Next Green Car Ltd. Following the transaction, Good Energy will have a 50.1% majority stake in NGCL. No additional cash requirement as the transaction is being financed by the exercise of a convertible loan. Zap-Map is an app for the UK's 300,000 electric vehicle drivers.

Current stock price: 192.00 pence

Year-to-date change: down 6%

By Tapan Panchal; [email protected]

Copyright 2020 Alliance News Limited. All Rights Reserved.


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