Access Intelligence, the compliance Software as a Service (SaaS) group, announced that Howard Sears, the CEO of Cobent Ltd. and non-executive director of the Access Intelligence group board is leaving his executive role at the company. As part of the arrangement, he is surrendering 2.5 million Access Intelligence share options at 2.75p exercise price and a further 1.8 million options at 5.75p.

Cobent was acquired for a total consideration of £5.2 million in April 2010 - £3.0 million in cash, 33.3 million Access Intelligence shares at 6p per share and £200,000 in deferred consideration.

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