REG - Access Intelligence - Silicon Valley Bank

Access IntelligenceAnnouncement

13/03/2023 07:00

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RNS Number : 6600S  Access Intelligence PLC  13 March 2023

 

 

Access Intelligence plc

("Access Intelligence" or the "Company")

Silicon Valley Bank

 

Access Intelligence (AIM: ACC), the technology innovator delivering
Software-as-a-Service (SaaS) solutions for the global marketing and
communications industries, announces an update in respect of its banking
relationship with Silicon Valley Bank ('SVB').

 

Access Intelligence has noted recent developments in respect of SVB. Whilst
SVB has been one of the Company's banking partners in the EMEA & North
America region, the Company can confirm that it has minimal exposure on its
deposits with less than £0.4m held across a number of SVB accounts in both
the UK and the US. At this time, the Company expects that the vast majority of
these funds, if not all, will be protected by the UK Financial Services
Compensation Scheme or the US Federal Deposit Insurance Corporation, however
the exact timing of when these funds might be available to the Company still
remains uncertain. SVB is not a banking partner of the Company in the APAC
region.

 

 

For further information:

Access Intelligence
plc                                                                                                                      020
3426 4024

Joanna Arnold (CEO) / Mark Fautley (CFO)

 

finnCap Limited (Nominated Adviser and Broker)
 
     020 7220 0500

Corporate Finance:

Marc Milmo / Fergus
Sullivan
 

Corporate Broking:

Alice Lane / Sunila de Silva

 

 

 

 

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