Accesso Technology Group PLC (LON:ACSO) traded broadly in line with market expectations in 2018.
The provider of technology solutions to the leisure and entertainment markets advised, however, that the 2018 results would be affected by one-off costs of around US$1.7mln relating to an acquisition that ultimately did not go through.
READ: accesso expands footprint in Australia
The group also announced that executive chairman, Tom Burnet, will move to a non-executive role at the beginning of March. Bill Russell, who has served in a variety of roles in both public and private technology company boards, will become non-executive chairman when Burnet vacates the chair.
Paul Noland, the chief executive officer of accesso, hailed Burnet’s “exceptional leadership” and said he looked forward to continuing his working relationship with him “as the business prepares for another year of continued growth”.
Following a period of sustained growth, the board has recently initiated a review of the group's investment priorities.
An update on the outcome of this review is likely to be given when the company issues its full-year results on March 27.