Access Intelligence, the compliance Software as a Service (SaaS) buy and build business led by former Sage Group chairman Michael Jackson, announced an arrangement agreed with the vendors of Cobent.
Following the disappointing performance of Cobent since its acquisition in March 2010, discussions have taken place between Access Intelligence and the principal vendors. As a result of the discussions the principal vendors have agreed to transfer their consideration shares to the company to be held in Treasury. The impact will be to improve diluted EPS by 8.8%.
Trading across the group continues in line with market expectations.
The ACC share price has decreased by 49% over the last year.
Access Intelligence Plc is currently graded b by LCF Research. To learn more, follow the link.
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