REG - Accesso Technology - Share Repurchase Programme

accesso TechnologyAnnouncement

23/08/2024 07:00

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RNS Number : 5031B  Accesso Technology Group PLC  23 August 2024

23 August 2024

 

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 the Board of
Directors has approved a share repurchase programme to return up to a maximum
aggregate amount of £4m to the Company's shareholders (the "Programme").

 

About 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 2024 AGM ("General Authority") or 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 entered into an
irrevocable, non-discretionary agreement with 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·      The Company confirms that it currently has no unpublished inside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 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 23 August 2024, the Company's total issued share capital
consisted of 41,737,339 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, Interim Chief Financial Officer

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

 Simon Willis, Joshua Hughes, Iqra Amin

 DGA Group                                                          +44 (0)20 7550 9225

 Adam Davidson

 

 

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