Telematics market leader Microlise became a PLC when it listed on the London Stock Exchange’s AIM at 8am on 22 July. The privately-owned group sold £61.2m of shares to investors at 135p per share, valuing the company at £156.5m. The shares opened at 137.5p and quickly rose to 146.5p in early trading. Microlise was founded in 1982 and was bought by a management team led by CEO Nadeem Raza, pictured, in 2008. The decision to list on AIM is intended to support […]
John G Russell (Transport) said it had benefitted from months of empty roads over the last year, which helped boost fleet productivity, fuel consumption and would result in strong financial results.
The skills shortage and the industry’s image will be at the forefront of a workshop hosted by the RHA at the Microlise Transport Conference.