Shares in Pod Point Group Holdings PLC (LSE:PODP), the EV charger company, rose 9% in early trading after it updated on its financial performance - telling investors its cash position was slightly better than expected.
Revenues for 2023 were in line with guidance and £63m as was the EBITDA loss of £16m. It has £48.7m in the bank - £1.7m more than forecast.
In a separate announcement, Pod Point said it had appointed Melanie Lane from Shell Recharge as CEO to replace Andy Palmer.
He is stepping up to the role of chairman.
At 9.11 am, the stock was changing hands for 23.36p, up 1.89p.