REG - Accesso Technology - Commencement of Share Repurchase Programme

accesso TechnologyAnnouncement

15/04/2025 07:02

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RNS Number : 9882E  Accesso Technology Group PLC  15 April 2025

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·     The Company confirms that it currently has no unpublished inside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                                       +44 (0)118 934 7400

 Steve Brown, Chief Executive Officer

 Matthew Boyle, Chief Financial Officer

 Numis Securities Limited (Nominated Adviser and Sole Broker)       +44 (0)20 7260 1000

 Simon Willis, Joshua Hughes, Iqra Amin

 DGA Group (Financial Public Relations)                             +44 (0)20 7550 9225

 Adam Davidson, Corbin Ellington

 

 

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