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15 Apr 2025 07:01
15 April 2025
accesso® Technology Group plc
("accesso", the "Company" or the "Group")
Commencement of Share Repurchase Programme
accesso Technology Group plc (AIM: ASCO), the premier technology solutions provider for attractions and venues worldwide, announces that the Board of Directors has approved a share repurchase programme to return up to a maximum aggregate amount of £8m to the Company's shareholders (the "Programme").
About the Programme
· The Programme will commence on the date of this announcement and, subject to obtaining the relevant share purchase authorities at the forthcoming AGM, will continue until the maximum pecuniary amount has been purchased under the Programme. Share repurchases may be made from time to time depending on market conditions, share price and trading volume.
· The purchased ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares") will be cancelled.
· The purpose of the Programme is to reduce the Company's share capital. In order to implement the Programme, the Company has instructed Numis Securities Limited (trading as Deutsche Numis) to conduct the Programme on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal, and to on-sell such Ordinary Shares to the Company.
· The Company confirms that it currently has no unpublished inside information.
· The Programme will operate in accordance with and under the terms of the relevant General Authority. The Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU (as it forms part of UK law pursuant to the European Union (Withdrawal) Act 2018, as amended) and the delegated regulations made pursuant to it, save that there may be circumstances where the Company conducts share repurchases such that they exceed 25 per cent of the average daily volume in Ordinary Shares for the 20 trading days prior to the share repurchase.
· As at 15 April 2025, the Company's total issued share capital consisted of 41,008,901 Ordinary Shares, with one voting right per share.
The Company will announce any market repurchase of Ordinary Shares no later than 7.30am on the business day following the calendar day on which the repurchase occurred.
For further information please contact:
accesso Technology Group plc Steve Brown, Chief Executive Officer Matthew Boyle, Chief Financial Officer
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| +44 (0)118 934 7400
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Numis Securities Limited (Nominated Adviser and Sole Broker) Simon Willis, Joshua Hughes, Iqra Amin |
| +44 (0)20 7260 1000 |
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| |
DGA Group (Financial Public Relations) Adam Davidson, Corbin Ellington |
| +44 (0)20 7550 9225 |
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