Accesso Technology Group PLC Further update on the formal sale process (1872T)
November 13 2019 - 1:00AM
UK Regulatory
TIDMACSO
RNS Number : 1872T
Accesso Technology Group PLC
13 November 2019
13 November 2019
ACCESSO TECHNOLOGY GROUP PLC
("accesso" or the "Company")
Further update on the formal sale process
accesso Technology Group plc (AIM: ASCO), the premier technology
solutions provider to leisure, entertainment, hospitality,
attractions and cultural markets, provides the following update on
its announced formal sale process (the "Formal Sale Process") under
the City Code on Takeovers and Mergers (the "Code") which remains
ongoing.
Following receipt of a certain number of refreshed indications
of interest over the last several months, the Company and its
advisers are continuing to engage in discussions with several
parties to determine whether a potential offer for the Company can
be delivered at a value that the Board considers attractive to
shareholders. The interested parties remain engaged in financial
and operational due diligence.
This announcement is not a firm intention to make an offer under
Rule 2.7 of the Code and there can be no certainty that any offers
will be made as a result of the Formal Sale Process, that any sale
or other transaction will be concluded, nor as to the terms on
which any offer or other transaction may be made.
The Board reserves the right to alter any aspect of the Formal
Sale Process or to terminate it at any time and will make further
announcements when appropriate. The Board reserves the right to
reject any approach or terminate discussions with any interested
party or participant at any time.
For further information please contact:
accesso Technology Group plc
Paul Noland, Chief Executive Officer
John Alder, Chief Financial Officer +44 (0)118 934 7400
+44 (0)1825 723
Simon Chisholm, Investor Relations 440
KeyBanc Capital Markets Inc. (Lead Financial
Adviser) US: +1 415 659 0934
Thomas Mazzucco US: +1 415 486 3410
Chris Headrick
Canaccord Genuity Limited (Rule 3 Adviser,
Nominated Adviser and Joint Broker)
Simon Bridges, Richard Andrews +44 (0)20 7523 8000
Numis Securities Limited (Financial Adviser
and Joint Broker)
Simon Willis, Mark Lander +44 (0)20 7260 1000
FTI Consulting, LLP
Matt Dixon, Chris Birt +44 (0)20 3727 1000
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END
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