Optare shares rocket on electric bus contract win

Shares in bus operating company Optare rose sharply on Friday after the AIM-listed company reported that it had received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than four million pounds.

Shares in bus operating company Optare rose sharply on Friday after the AIM-listed company reported that it had received an order from Nottingham City Council to purchase 20 electric buses, for a total value of more than four million pounds.

The group said that the contract represented one of the largest orders for electric buses placed in the UK and allowed Nottingham City Council to take the lead in the introduction of the advanced technology.

Optare's shares were up 23.88% to 0.42p at 08:20 on Friday.

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