Accesso Technology Group plc commences an Equity Buyback Plan for 4,139,465 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2023.
October 04, 2023 at 07:00 am
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accesso Technology Group plc (AIM:ACSO) commences share repurchases on October 3, 2023, under the program mandated by the shareholders in the Annual General Meeting held on May 16, 2023. As per the mandate, the company is authorized to repurchase up to 4,139,465 shares, representing 10% of its issued share capital. The minimum price (exclusive of expenses) which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher an amount equal to 105% of the average of the middle market quotations for an ordinary share as derived from the London Stock Exchange Daily Official List of the UK Listing Authority for the five business days immediately preceding the day on which the ordinary share is contracted to be purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share as derived from the London Stock Exchange Trading System. The shares purchased will be cancelled. The authority shall expire at the conclusion of the next Annual General Meeting of the company or June 30, 2024, whichever is the sooner.
On October 2, 2023, he company announced a share repurchase program. Under the program, the company has entered into an irrevocable, non-discretionary agreement with Numis Securities Limited to repurchase up to £4 million worth of its shares. The program will be financed through company's existing cash resources.
accesso Technology Group plc is a technology solutions company. The Company's principal activities are the development and application of ticketing, mobile and e-commerce technologies, and operation of virtual queuing solutions to leisure, entertainment and cultural markets. Its Ticketing and Distribution segment comprise a range of products, including accesso Passport, accesso Siriusware, accesso ShoWare, accesso Paradox, accesso Horizon and Ingresso. Its Guest Experience segment comprises accesso LoQueue, Mobile Applications and the accesso Freedom. The accesso Siriusware software solutions providing modules in ticketing and admissions, memberships, reservations, resource scheduling, food service, kiosks and e-commerce. The accesso ShoWare ticketing solution for box office, online, kiosk, mobile and social media sales. Ingresso operates a distribution platform that connects venues and distributors, opening up a global channel for clients to sell their event, theatre, and tickets.
Accesso Technology Group plc commences an Equity Buyback Plan for 4,139,465 shares, representing 10% of its issued share capital, under the authorization approved on May 16, 2023.