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Share Price: 172.10

Bid: 171.70

Ask: 172.20

Change: -0.90 (-0.52%)

Spread: 0.50 (0.291%)

Open: 168.70

High: 173.00

Low: 168.70

Prev. Close: 173.00

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FirstGroup signs facility to support electric bus batteries purchase

Wed, 17th Jan 2024 10:12

(Alliance News) - FirstGroup PLC on Wednesday said it signed a purchase facility in line with its goal to buy electric bus batteries.

The Aberdeen-based transport company said it signed a new GBP150 million green hire purchase facility with a syndicate of three banks, aimed at supporting the purchase of electric bus bodies.

FirstGroup refers to the strategic joint venture with Hitachi Ltd to purchase up to 1,000 electric bus batteries for GBP100 million, announced back in November.

Furthermore, FirstGroup continued to buy its 2024 6.875% bonds resulting in a reduction in future net interest cost. As at Wednesday, purchases for a total of GBP44.0 million have been completed, with GBP128.1 million of the 2024 bonds remaining outstanding.

FirstGroup shares fell 1.5% to 168.40 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

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Firstgroup Share News (FGP)

Share Price Information for Firstgroup (FGP)

FirstGroup signs facility to support electric bus batteries purchase

LONDON BRIEFING: Reckitt Benckiser shares lead FTSE on revenue beat

LONDON BROKER RATINGS: Barclays lifts ITV and S4 Capital to Overweight

IN BRIEF: DS Smith promotes new senior independent director

IN BRIEF: FirstGroup swings to interim profit; eyes dividend payments

LONDON MARKET CLOSE: Stocks fall and pound hurt amid Omicron worry

UPDATE 2-London stocks fall as COVID-19 curbs cloud positive earnings

FirstGroup warns of uncertain recovery amid fresh Covid restrictions

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Stifel cuts Auto Trader to Hold from Buy

CORRECTED-UK's Arrival unveils pre-production prototype electric bus

UK's Arrival unveils pre-production prototype electric bus

UK shareholder meetings calendar - next 7 days

LONDON BROKER RATINGS: Upgrades for Royal Dutch Shell, BT and Petrofac

UPDATE 4-Train collision in southwest England injures several people

LONDON MARKET CLOSE: FTSE 100 dips but budget buoys homebuilders, pubs

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