NYSE:ALLG

Allego Announces Receipt of NYSE Notice of Non-Compliance With Continued Listing Standards

Retrieved on: 
Friday, April 12, 2024
Technology, Automotive, General Automotive, Other Energy, Alternative Vehicles, Fuels, Other Transport, Alternative Energy, Energy, Green Technology, Transport, Other Technology, Sustainability, Other Automotive, Environment, Batteries, Hardware, EV, Electric Vehicles, Calendar

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that it has received written notice dated March 14, 2024 from the New York Stock Exchange (“NYSE”) indicating that the Company is not in compliance with Section 802.01C of the NYSE’s continued listing standards because the average closing price of Allego’s ordinary shares was less than US$1.00 over a consecutive 30 trading-day period.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that it has received written notice dated March 14, 2024 from the New York Stock Exchange (“NYSE”) indicating that the Company is not in compliance with Section 802.01C of the NYSE’s continued listing standards because the average closing price of Allego’s ordinary shares was less than US$1.00 over a consecutive 30 trading-day period.
  • Under the NYSE’s rules, the Company has six months following receipt of the notice to regain compliance with the minimum share price requirement.
  • Allego has advised the NYSE of its intention to cure the deficiency within the applicable cure period and is considering all available options in this regard, which may include, if necessary, effecting a reverse share split, subject to board and shareholder approval.
  • The NYSE notice has no immediate effect on the listing of the Company’s ordinary shares on the NYSE, subject to the Company’s compliance with the NYSE’s other continued listing requirements, and does not affect the Company’s ongoing business operations or its reporting obligations under the rules of the U.S. Securities and Exchange Commission.

Allego to Postpone Fourth Quarter and Full Year 2023 Financial Results Conference Call

Retrieved on: 
Monday, April 1, 2024
Fleet Management, Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Other Automotive, General Automotive, Performance & Special Interest, Cryptocurrency

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will postpone its fourth quarter and full year 2023 financial results conference call and confirms that it will provide that information in connection with the filing of its Form 20-F on or prior to the April 30, 2024 deadline.
  • Allego had previously announced it would report its financial results before the market opens on April 2, 2024, with a conference call taking place at 8:30 a.m. Eastern Time.

Allego Schedules Conference Call to Discuss Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, March 26, 2024
Environment, Alternative Vehicles, Fuels, Technology, EV, Electric Vehicles, Automotive, Other Technology, Software, Alternative Energy, Green Technology, Energy

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company’s fourth quarter and full year 2023 results on Tuesday, April 2, 2024, followed by a conference call at 8:30 AM ET.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company’s fourth quarter and full year 2023 results on Tuesday, April 2, 2024, followed by a conference call at 8:30 AM ET.
  • Participants may access the call at 1-877-407-9716, international callers may use 1-201-493-6779 and request to join the Allego earnings call.
  • Participants may access the replay at 1-844-512-2921, international callers may use 1-412-317-6671 and enter access code 13745410.
  • An archived replay of the call will also be available on the investor portion of the Allego website at https://ir.allego.eu/ .

Ford and Allego Partner to Electrify European Dealership Network with Ultra-Fast Charging

Retrieved on: 
Tuesday, March 26, 2024
Environment, Trucking, Automotive, General Automotive, Transport, Automotive Manufacturing, Manufacturing, Alternative Energy, Energy, RFID, Temperature, EV, Connected, EVS, Ford Models, Exploration, Partnership, ISO 15118, WLTP, Ford Motor Company, Plug, Service, Multimedia

Ford (NYSE: F) and Allego N.V. (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced a strategic partnership to bring ultra-fast charging infrastructure to hundreds of Ford dealerships across Europe.

Key Points: 
  • Ford (NYSE: F) and Allego N.V. (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced a strategic partnership to bring ultra-fast charging infrastructure to hundreds of Ford dealerships across Europe.
  • Delivering up to 400 kW charging, Allego ultra-fast charging stations at Ford dealerships will be accessible to EV drivers around the clock and compatible with vehicles that offer DC charging capability regardless of manufacturer.
  • Allego’s Chief Executive Officer, Mathieu Bonnet, commented, “Allego continues to expand its network to meet the demand for charging that comes with more EVs on the road.
  • Automakers like Ford are stepping up to the plate by producing a greater selection of EVs as the European market fully transitions to electric.

Allego Enters Into Partnership with Burger King France to Enable Its Restaurants to Provide Ultra-Fast Charging, Reinforcing Allego’s Leading Position in France

Retrieved on: 
Wednesday, February 28, 2024
Environment, Alternative Vehicles, Fuels, EV, Electric Vehicles, Automotive, General Automotive, Other Energy, Sustainability, Alternative Energy, Green Technology, Energy, Partnership, Carrefour, Growth, Burger King, Travel, Fast food

The partnership has the potential to enable the deployment of a large number ultra-fast charge points across the restaurant’s locations in France.

Key Points: 
  • The partnership has the potential to enable the deployment of a large number ultra-fast charge points across the restaurant’s locations in France.
  • The first sites are expected to be operational by Q3 2024 and for easy recognition for the drivers, the chargers will be fitted with both Allego and Burger King branding.
  • This new partnership is expected to be a significant addition to Allego’s network in France where it currently operates a network of 190 ultra-fast charging locations.
  • Allego is reinforcing its position as one of the leading ultra-fast charging networks in France.”

Allego Announces Chief Financial Officer Transition

Retrieved on: 
Tuesday, February 6, 2024
Vehicle Technology, Automotive, General Automotive, EV, Electric Vehicles, Technology, Software, Alternative Vehicles, Fuels, CFO, Management

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced its Chief Financial Officer, Ton Louwers, is leaving the Company effective June 30, 2024.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced its Chief Financial Officer, Ton Louwers, is leaving the Company effective June 30, 2024.
  • Allego has initiated an external search for a new Chief Financial Officer.
  • Mathieu Bonnet, Chief Executive Officer, said, “Ton has played a crucial role over the last several years, helping to bring the Company public, improve our financial and operating performance, and execute on our strategy and growth plan.
  • I am grateful for his many contributions, and I look forward to continuing his important work to support the Company.”
    Ton Louwers, Chief Financial Officer, commented “It has been a great privilege to serve as CFO of Allego.

Allego to Present at the 26th Annual Needham Growth Conference

Retrieved on: 
Wednesday, January 10, 2024
Public Transport, Technology, EV, Electric Vehicles, Automotive, Other Energy, Transport, Other Automotive, Software, Alternative Energy, Energy, Conference, EST

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that the Company’s management team will be presenting virtually at the 26th Annual Needham Growth Conference on Friday, January 19, 2024 at 8:45 a.m. EST, as well as host investor meetings on the same day.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced that the Company’s management team will be presenting virtually at the 26th Annual Needham Growth Conference on Friday, January 19, 2024 at 8:45 a.m. EST, as well as host investor meetings on the same day.
  • The fireside chat will be webcast live and will also be available for replay on Allego’s investor relations website at https://ir.allego.eu/ .
  • Investors interested in a 1x1 meeting with the Company should contact their Needham sales representatives.

Allego Announces Successful Pilot Program for High-Powered Truck Charging; Initial 2024 Network Roll-out Planned

Retrieved on: 
Thursday, November 30, 2023
Alternative Vehicles, Fuels, Trucking, EV, Electric Vehicles, Vehicle Technology, Automotive, Transport, Automotive Manufacturing, Alternative Energy, Manufacturing, Energy, Battle of the Alamo, NYSE, Rail transport

Equipped with two 300 kW ultra-fast charging points, the site has already achieved an impressive utilization rate of 22% in five weeks.

Key Points: 
  • Equipped with two 300 kW ultra-fast charging points, the site has already achieved an impressive utilization rate of 22% in five weeks.
  • Mathieu Bonnet, Chief Executive Officer of Allego, said, “Commercial truck charging infrastructure is the keystone to fully enable a transition to electric vehicles.
  • Yet, truck charging is in its early stages and much less ubiquitous compared to passenger vehicles.
  • This opens up great potential for Allego as we continue to expand our charging network.

Allego Reports Third Quarter 2023 Results; Steady Growth in Line With Projections for Year

Retrieved on: 
Tuesday, November 14, 2023
Environment, Technology, EV, Electric Vehicles, Automotive, Alternative Energy, Software, Green Technology, Energy, Networks, EBITDA, Carrefour, Partnership, ROI, Renewable energy

We observed robust demand for our charging network, highlighted by an 11.3% increase in average utilization rates.

Key Points: 
  • We observed robust demand for our charging network, highlighted by an 11.3% increase in average utilization rates.
  • More importantly, mature chargers show steady utilization during the quarter of 15%, a 24% increase compared to prior period, which indicates the reliability of our network and the loyalty of Allego customers.
  • We also saw growth in our markets in the UK, Spain, France, and Germany.
  • During the quarter, as expected, we saw lower services revenue as the Carrefour project transitions into the operating phase.

Allego Schedules Conference Call to Discuss Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Automotive, EV, Electric Vehicles, Environment, Technology, Green Technology, Software, Alternative Vehicles, Fuels, NYSE

Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company’s third quarter 2023 results on Tuesday, November 14, 2023, followed by a conference call at 8:00 AM ET.

Key Points: 
  • Allego N.V. (“Allego” or the “Company”) (NYSE: ALLG), a leading pan-European public electric vehicle fast and ultra-fast charging network, today announced it will release the Company’s third quarter 2023 results on Tuesday, November 14, 2023, followed by a conference call at 8:00 AM ET.
  • Participants may access the call at 1-844-826-3033 , international callers may use 1-412-317-5185 and request to join the Allego earnings call.
  • A telephonic replay of the call will be available shortly after the conclusion of the call and until Tuesday, November 28, 2023.
  • An archived replay of the call will also be available on the investor portion of the Allego website at https://ir.allego.eu/ .