london stock exchange welcomes calisen plc to the premium segment of the main market
London Stock Exchange today welcomes Calisen, a leading owner and manager of essential energy infrastructure assets, to the Premium Segment of the Main Market, trading under the ticker symbol CLSN.L Calisen’s market capitalisation will be approximately £[1,400] million at the commencement of conditional dealings.
Bert Pijls, CEO of Calisen said:
“Joining London Stock Exchange is a landmark moment for Calisen, supporting the next phase of our growth in the expanding smart meter segment. As a leading provider of essential energy infrastructure in Britain, Calisen will continue to play a key part in the UK’s energy transformation to promote the three D’s of UK energy policy; decarbonisation, digitisation and decentralisation.
I am incredibly proud of everyone at Calisen whose hard work and dedication have made the business what it is today, and I look forward to building on Calisen’s strong momentum as a listed company. I would also like to take this opportunity to thank our current shareholder KKR for their support over the last few years and welcome our new shareholders to our business.”
Calisen is a leading owner and manager of essential energy infrastructure assets whose purpose is to accelerate the development of a cleaner, more efficient and sustainable energy segment. Calisen's operations consist of two business units, Calvin Capital and Lowri Beck:
• Calvin Capital: Through this business unit, Calisen procures, owns and manages a growing portfolio of domestic electricity and gas meters, with a particular focus on smart meters on behalf of energy retailers who make Meter Procurement Charge payments to Calisen on a long-term contracted basis. Having started out providing meter asset ownership and operation for the Big 6 energy retailers, Calvin Capital has successfully diversified its customer base by winning “Meter Asset Provider” contracts with independent energy retailers.
• Lowri Beck: Following the acquisition of Lowri Beck in August 2019, Calisen gained complementary capabilities to carry out installation, meter reading and maintenance services on behalf of Calisen’s energy retailer customers. As a result, Calisen offers an enhanced “one-stop shop” proposition, which encompasses procurement, installation, ownership and management of meters.
Calisen is a key participant in the government-mandated roll out of an estimated 51.2 million smart energy meters in homes across Great Britain.
For more information on Calisen please visit https://www.calisen.com/