LONDON (Alliance News) - Accesso Technology Group PLC on Thursday said it intends to review its investment priorities as expects to report its 2018 results in line with market estimates.
The stock was trading 32% lower on Thursday at 1,015.00 pence a share.
In addition, the AIM-listed company said Executive Chair Tom Burnet will move to a non-executive director role from the beginning of March. Accesso appointed Bill Russell as new non-executive chair.
Russell is currently non-executive chair at technology solutions provider Piksel Group and PROS Holdings, a provider of AI-powered solutions. He has previously held roles at management software firms SABA Software Inc and Cognos, and enterprise platform webMethods.
"Tom has been central in driving accesso's significant growth and international expansion over the last nine years he has been with the company and he is greatly admired by all in and around the business," said Chief Executive Paul Noland.
The ticketing software said it expects its annual results to be broadly in line with market forecasts. Accesso said it will report a one-off exceptional costs of USD1.7 million, relating to professional fees.
The company said it entered 2019 in good health with strong positions in its chosen markets and established customer relationships. Accesso also said it has recently initiated a review of the company's investment priorities in the context of the significant future opportunities available to it and the current areas of business momentum.
Accesso said it will report its 2018 results on March 27.