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Electric car charge firm Chargemaster to float on London market

Monday 8 July 2013 03.31 EDT
Electric car charge firm Chargemaster to float on London market
Luton-based company hopes to raise funds for expansion with flotation on Alternative Investment Market

The UK has a target of 122,000 electric vehicle charging points to be installed by 2020. Photograph: Justin Sullivan/Getty Images
Angela Monaghan
Chargemaster, a provider of electric vehicle charging points, is planning to float on the stock market to capitalise on the shift towards more environmentally friendly cars.
It is hoping to raise funds for expansion by listing on London’s Alternative Investment Market (Aim) in July.
The chief executive, David Martell, said the move would be “a significant step forward in the company’s development” and would help to meet the growing demand for electric car charging infrastructure in the UK and across Europe.


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