Statement regarding alleged sale of Wave

Over the last week the Water Industry has been in the spotlight, following the news of Thames Water and the financial stability of several wholesalers.

We firmly believe this current interest in the industry has led to the recent story regarding the sale of Wave. In response, our Shareholders have sent the following statement: 

“Since market opening, we are proud that Wave has grown into one of the market leaders for retail water services, only last week winning Retailer of the Year at the Water industry Awards. As shareholders of a successful business, from time to time we get approaches from interested parties seeking to buy a stake in Wave, and we consider these offers alongside other opportunities for the continued growth and success of the business.”  

Over the years Wave has been required to provide our Shareholders with data to support business evaluation by potential investors but this has not led to an acceptable offer being received.