Accesso Technology Group PLC has announced plans to return up to £14.5 million to shareholders, via a tender offer priced at £3.00 per share, a level the company highlighted represents an 8.7% premium to the prior day’s close.
Under the proposal, qualifying shareholders will be invited to tender some or all of their shares, with a “guaranteed entitlement” of around 12.7% of holdings at the record date, and potential scaling for any additional shares tendered above that level if the offer is oversubscribed. The tender is for a maximum of 4.83 million shares. Shares bought back through the process are expected to be cancelled, reducing the share count if the offer is taken up in full.
Accesso has also called a general meeting for 13 March 2026 (9:30am), with the company expecting to announce the tender results on or around the same day, alongside the meeting outcome.
Explaining the move, Accesso pointed to its strong balance sheet and recent trading, including expected FY2025 revenue of about $155 million and net cash of $30 million at year-end 2025, following completion of a share repurchase programme equivalent to about 7% of issued share capital.