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Accesso Technology - Results of General Meeting and Open Offer

RNS Number : 4328P
Accesso Technology Group PLC
09 June 2020
 

9 June 2020

accesso® Technology Group plc

(the "Group" or "Company")

Results of General Meeting and Open Offer

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, announced on 22 May 2020 a Placing and Subscription to raise gross proceeds of £32.9 million in aggregate and an Open Offer to raise up to approximately £6.2 million,  subject to shareholder approval. The Company is pleased to announce that at the associated General Meeting held earlier today, the resolution set out in the Circular published on 22 May 2020 was duly passed by shareholders.

 

The Company also confirms that the Open Offer has been fully taken up as a result of acceptances received from Qualifying Shareholders under both their Open Offer Entitlements and under the Excess Application Facility. Qualifying Shareholders who have validly applied for Open Offer Shares will receive their Open Offer Entitlement in full while applications for Excess Shares under the Excess Application Facility will be scaled back.

 

The Company can therefore confirm that it will issue, in aggregate, 13,481,744 New Ordinary Shares at 290p per New Ordinary Share, raising gross proceeds of approximately £39.1 million. The issue of New Ordinary Shares is comprised of: 11,138,179 New Ordinary Shares issued pursuant to the Placing Agreement, 212,414 New Ordinary Shares issued pursuant to the Subscription Agreement and 2,131,151 New Ordinary Shares under the Open Offer.

 

Application has been made for 13,481,744 New Ordinary Shares to be admitted to trading on AIM and it is expected that Admission will become effective and trading will commence at 8.00 a.m. on 10 June 2020.

 

Following Admission, the Company's issued ordinary share capital will comprise 41,186,708 Ordinary Shares. The Company holds no Ordinary Shares in treasury. The above figure of 41,186,708 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the voting rights of the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as defined in the Circular sent to shareholders of the Company on 22 May 2020.

 

Enquiries:

 

accesso Technology Group plc

Steve Brown, CEO

Fern MacDonald, CFO

  


+44 (0)118 934 7400

 

 

 

Numis Securities Limited (Nominated Adviser and Broker)

Simon Willis, Mark Lander, Hugo Rubinstein


+44 (0)20 7260 1000




FTI Consulting, LLP 

Matt Dixon, Adam Davidson, Chris Birt


[email protected]

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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Quick facts: Accesso Technology Group PLC

Price: 295

Market: LSE
Market Cap: £121.59 m
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