London Stock Exchange welcomes Pod Point to the Main Market

Today, London Stock Exchange welcomes Pod Point Group Holdings plc, one of the UK’s leading providers of electric vehicle (EV) charging solutions, to the premium segment of the Main Market of London Stock Exchange segment under the ticker symbol “PODP”.

Founded in 2009 by CEO Erik Fairbairn with a mission to make travel which does not damage the earth, Pod Point develops, installs and operates charge points for all applications across all routes to market in the EV charging ecosystem: home, workplace, destination and en-route. Pod Point is the leading provider of home charge points in the United Kingdom, with multiple agreements with major automotive OEMs and its web-based retail platform. It also has a strong presence in the other routes to market, including a national roll-out of destination charge points at Tesco stores, in partnership with Tesco and Volkswagen.

Pod Point believes that there are significant opportunities ahead for the company. Only a single digit percentage of cars in the UK are fully electric, yet sales of new internal combustion engine vehicles will end in the UK in 2030, with only zero emission vehicles – mainly EVs – on sale from 2035. Charging infrastructure will need to keep pace with this uptake rate, and Pod Point believes it needs to stay slightly ahead of demand to give drivers the confidence to switch to electric motoring.

Pod Point will use the proceeds of its initial public offering to support its growth plans, including through investment in DC rapid owned assets and multi tenancy dwelling installations, product and software development, as well as to provide balance sheet strength, financial flexibility and for general corporate purposes.

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
377.37
Listing/Admission to trading
04 Nov 2021

Erik Fairbairn, CEO and Founder of Pod Point, said:

“Becoming a public company is very exciting! It represents a massive step forward for us, providing validation of our vision and the wonderful work the team have done so far. We look forward to accelerating our already impressive progress as we continue to work on our mission to make travel which does not damage the earth.”

As at admission (based on the Offer price of 225p per ordinary share), Pod Point has a market capitalisation of £352m. 

Pod Point’s board of directors includes chair Gareth Davies (non-executive chairman of M&C Saatchi plc) and automotive legend Andy Palmer (ex-Aston Martin CEO, ex-Nissan COO) as senior non-executive director.

Advisers to the company:

  • Sponsor, Joint Global Co-ordinator, Joint Bookrunner and Financial Adviser: Barclays Bank PLC
  • Joint Global Co-ordinator and Joint Bookrunner: Merrill Lynch International
  • Joint Bookrunner: Numis Securities Limited
  • Legal advisers to Pod Point: Freshfields Bruckhaus Deringer
  • Legal advisers to the Joint Bookrunners: Clifford Chance
  • Public relations adviser to Pod Point: Tulchan Communications
Looking for new and recent issues?

More recent

London Stock Exchange welcomes Hambro Perks Acquisition Company

London Stock Exchange welcomes Hambro Perks Acquisition Company, a special purpose acquisition vehicle sponsored by Hambro Perks Limited, the international investment firm focused on technology investing, to the Main Market under the ticker symbol HPA1.

Hambro Perks was founded in 2013 with the aim of providing capital and hands-on support to innovative and

Learn more
London Stock Exchange Welcomes Gelion Plc to AIM

London Stock Exchange today welcomes Gelion plc, the global energy storage innovator, on to the AIM market.

Gelion’s mission is to provide global energy storage solutions that are robust, safe and affordable with low environmental impact, enabling clean power and fresh water for all.

The Company aims to positively impact the transition to a net-zero-carbon economy by deployi

Learn more
London Stock Exchange welcomes the Rt Hon Liz Truss MP

London Stock Exchange today welcomes the Rt Hon Liz Truss MP, the UK Foreign Secretary, as she opens the market to celebrate the launch of British International Investment (BII). Formerly known as CDC, BII will act as the UK’s development finance institution which will invest in infrastructure and technology in low- and middle-income countries across Asia, Africa and the Caribbean.

Learn more
London Stock Exchange Group welcomes Sir Alan Yarrow to honour his Chairmanship of Turquoise Global

London Stock Exchange Group today welcomes Turquoise Global Holdings Limited and Members of the Board for a Market Close Ceremony to honour Sir Alan Yarrow for his contributions as Chairman of Turquoise (TGHL) and to celebrate recent achievements.

Sir Alan Yarrow served as Non-Executive Director since 2010 and succeeded David Lester to become Chairman of Turquoise Global Holdings Limi

Learn more