Australia's AD1 Holdings surges on deal with energy retailer

Adneo

09/02/2021 24:41

** Shares of AD1 Holdings Ltd  AD1.AX  gain as much as 30.8%
to A$0.068 - on track for their biggest intraday pct jump since
July 24
    ** AD1 shares at their highest level since Oct. 26
    ** Online hiring services firm says its utilities division
has signed five-year agreement with energy retailer Locality
Planning Energy Holdings Ltd  LPE.AX   urn:newsml:reuters.com:*:nASXVy59
    ** Under deal, unit to provide LPE with its billing and
related managed services including energy sales intelligence
solutions
    ** Co expects to generate total revenue of about A$10 mln
($7.7 mln) over term of agreement    
    ** Volumes are nearly five times the 30-day avg of 809,210,
at about 3.9 mln shares
    ** Stock has added 10.6% this year, as of last close

($1 = 1.2975 Australian dollars)

 (Reporting by Yamini C S)
 ((Yamini.CS@thomsonreuters.com;))