REG - Accesso Technology - Share Repurchase Program

accesso TechnologyAnnouncement

02/10/2023 07:00

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RNS Number : 2608O  Accesso Technology Group PLC  02 October 2023

2 October 2023

 

accesso® Technology Group plc

 

("accesso", the "Company" or the "Group")

 

Share Repurchase Programme

 

 

accesso Technology Group plc (AIM: ASCO), the premier technology solutions
provider for attractions and venues worldwide, announces that, beginning
today, 2 October 2023, it will commence a share repurchase programme of up to
£4,000,000 (the "Programme").

 

·      The Programme will be financed through existing cash resources.

 

·      The Programme will commence on the date of this announcement and
will continue until the earlier of either the expiration of the general
authority received at the Company's 2023 AGM ("General Authority") or until
the maximum pecuniary amount has been purchased under the Programme.

 

·      The purchased ordinary shares of 1 pence each in the capital of
the Company ("Ordinary Shares") will be cancelled.

 

·      In order to implement the Programme, the Company has entered into
an irrevocable, non-discretionary agreement with Numis Securities Limited
("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. Share repurchases may be made from time
to time depending on market conditions, share price and trading volume.

 

·      The Company confirms that it currently has no unpublished inside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 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 2 October 2023, the Company's total issued share capital
consisted of 41,993,464 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

 Fern MacDonald, Chief Financial Officer

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

 Simon Willis, Hugo Rubinstein, Iqra Amin

 Dentons Global Advisors                                            +44 (0)20 7038 7419

 Adam Davidson, Leah Dudley

 

 

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