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Pin to quick picksAccesso Technology Group Share News (ACSO)

Share Price Information for Accesso Technology Group (ACSO)

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Share Price: 702.00
Bid: 700.00
Ask: 706.00
Change: -6.00 (-0.85%)
Spread: 6.00 (0.857%)
Open: 702.00
High: 708.00
Low: 700.00
Prev. Close: 708.00
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Accesso board still working to find decent takeover offer

Tue, 15th Oct 2019 15:53

(Sharecast News) - Leisure, entertainment, hospitality, attractions and cultural markets technology provider Accesso Technology Group updated the market on its previously-announced formal sale process on Tuesday.
The AIM-traded firm, following the receipt of a number of unsolicited approaches and in consultation with the UK Takeover Panel, had announced the start of a formal sale process on 24 July.

In reaching its decision, the board said it had considered that such a process was the "most appropriate" process to ascertain whether such interest could translate into an offer for the company, on terms which the directors would be prepared to recommend to Accesso shareholders.

"As part of the formal sale process, the company and its advisers have interacted with a number of interested parties," the board said in its statement.

"After initial discussions, many of the parties submitted written non-binding indications of interest that the company regarded as acceptable to warrant allowing those parties to engage with management on the company's business, operational and financial performance.

"Following meetings with management, the interested parties were asked to submit refreshed indications of interest by the end of September."

Accesso Technology and its advisers said they had now received refreshed indications of interest from a number of the interested parties, none of which were at a level that the board felt offered sufficient value to shareholders.

The board and its advisers said they were continuing to engage in discussions with certain of those parties, to determine whether an offer for the company could be delivered at a value that the board considered was attractive to shareholders.

"Whilst the formal Sale Process remains ongoing, the board and the company's management team continues to execute on its current strategic plan to realign and better integrate the company's product and service offerings and to maximise the penetration of the estimated $3.4bn total addressable market opportunity.

"Execution of the plan is in response to the market shift towards integrated guest experiences, enabling Accesso to leverage its unique product suite to improve business outcomes for customers.

"If the formal sale process does not result in an acceptable offer being made to accesso shareholders, the board and the company's management team are fully prepared to continue to execute this plan."
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Accesso Technology Chief Executive Moves To Executive Chairman

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6 Apr 2016 09:02

UPDATE: Accesso Directors Sell Down Shareholding (ALLISS)

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16 Mar 2016 09:31

Accesso Technology Profit Jumps As Queuing Product Inventor Retires

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Accesso Technology Secures New Lending Facility From Lloyds Bank

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8 Feb 2016 11:21

Six Flags extends Accesso Technology Group contracts to 2025

(ShareCast News) - Accesso Technology Group has had its ticketing and queuing contracts with theme park company Six Flags Entertainment Corporation extended until 2025. The AIM-listed leisure, entertainment and cultural technology solutions provider announced the extension on Monday. It will mean S

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8 Feb 2016 09:13

Accesso Technology Extends Six Flags Theme Park Contract To 2025

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4 Feb 2016 10:39

Accesso Technology sees full year "comfortably" in line with views

(ShareCast News) - Queuing and ticketing technology company Accesso Technology expects its performance for the year ended 31 December to be "comfortably" in line with expectations. The group attributed its strong performance to last summer's agreement with Merlin Entertainments, despite significant

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Accesso Technology Says 2015 "Comfortably" In Line As 2016 Starts Well

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24 Dec 2015 11:42

Earnings, Trading Statements Calendar - Week Ahead

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