Accesso Technology Group PLC Share Repurchase Program (2608O)
October 02 2023 - 1:00AM
UK Regulatory
TIDMACSO
RNS Number : 2608O
Accesso Technology Group PLC
02 October 2023
2 October 2023
accesso (R) 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 GBP4,000,000 (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-- The Company confirms that it currently has no unpublished inside information.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
Steve Brown, Chief Executive Officer
Fern MacDonald, Chief Financial Officer +44 (0)118 934 7400
Numis Securities Limited (Nominated Adviser
and Sole Broker)
Simon Willis, Hugo Rubinstein, Iqra Amin +44 (0)20 7260 1000
Dentons Global Advisors
Adam Davidson, Leah Dudley +44 (0)20 7038 7419
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