Accesso Technology Group PLC (LON:ACSO)

Accesso Technology Group PLC (LON:ACSO)


Share Price
1,565.00 p
Change
15 (0.97 %)
Market Cap
£426.59 m
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Accesso Technology Group PLC RNS Release

Issue of Equity


RNS Number : 2948M
Accesso Technology Group PLC
04 January 2019
 

4 January 2019

accesso® Technology Group plc

("accesso" or the "Company")

Issue of Equity

 

Pursuant to the announcement relating to the acquisition of TE2 which was published on 12 July 2017, application has now been made to AIM for the admission of 140,381 new ordinary shares of 1 penny each in the Company ("Ordinary Shares"). This application relates to the first deferred consideration payment to the founders and certain senior management of TE2 ("Founder Consideration Shares"). Including this issuance of shares, a total of US$9.5 million Founder Consideration Shares is expected to be issued during the three-year vesting schedule, from the date of the acquisition, subject to these parties' continued employment at the Company.

The Founder Consideration Shares will rank pari passu with the existing Ordinary Shares of the Company. Admission of the Founder Consideration Shares is expected to take place on 10 January 2019.

Immediately following Admission, the Company's issued share capital will consist of 27,258,376 Ordinary Shares, with no Ordinary Shares held in Treasury. Therefore, the total number of voting rights in the Company immediately following Admission will be 27,258,376. This figure 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 Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information, please contact:

accesso Technology Group plc

+44 (0)118 934 7400

Tom Burnet, Executive Chairman


Paul Noland, Chief Executive Officer


John Alder, Chief Financial Officer

 

 



FTI Consulting, LLP

+44 (0)20 3727 1000

Matt Dixon, Adam Davidson

 

 



Canaccord Genuity Limited

+44 (0)20 7523 8000

Simon Bridges, Richard Andrews

 

 

Numis Securities Limited

+44 (0)20 7260 1000

Simon Willis, Mark Lander


 

 

 


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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Accesso Technology Group PLC Timeline

Article
December 13 2018
Newswire
November 15 2018
Newswire
October 17 2018

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