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ACC Access Intelligence Plc

58.00
1.50 (2.65%)
01 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Access Intelligence Plc LSE:ACC London Ordinary Share GB00BGQVB052 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.50 2.65% 58.00 57.00 59.00 58.50 56.50 56.50 227,383 15:57:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 65.71M -4.19M -0.0328 -17.68 74.07M

Access Intelligence PLC Extension of Convertible Loan Notes (8921S)

28/12/2016 3:28pm

UK Regulatory


Access Intelligence (LSE:ACC)
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TIDMACC

RNS Number : 8921S

Access Intelligence PLC

28 December 2016

ACCESS INTELLIGENCE PLC

("Access Intelligence", "the Company" or "the Group")

EXTENSION OF CONVERTIBLE LOAN NOTES

Access Intelligence Plc (AIM: ACC), a leading supplier of Software-as-a-Service (SaaS) solutions for reputation and operational risk management, is pleased to announce the extension of GBP1.25 million of convertible loan notes by Elderstreet VCT plc ("Elderstreet") and Unicorn AIM VCT plc ("Unicorn") (together Elderstreet and Unicorn are the "Note Holders").

On 1 July 2009, the Company announced that it had issued GBP1,750,000 of convertible loan notes (the "Loan Notes"), of which GBP1,250,000 remains outstanding. The terms were that the Loan Notes are redeemable at par or convertible to ordinary shares of 0.5p each in the Company ("Ordinary Shares") at a price of 4p per Ordinary Share on or before 31 December 2016.

On 22 December 2016, the Note Holders and the Company agreed to extend the term of the Loan Notes such that they will be redeemable at par or convertible to Ordinary Shares at 4p per Ordinary Share on or before 31 December 2017. All other terms of the Loan Notes remain unchanged.

Elderstreet is a substantial shareholder in Access Intelligence and therefore the extension of the convertible loan notes is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules. The independent directors of Access Intelligence, having consulted with the Company's nominated adviser, Allenby Capital Limited, consider the terms of the loan notes to be fair and reasonable insofar as shareholders are concerned.

For further information:

Access Intelligence plc 0843 659 2940

Michael Jackson (Non-Executive Chairman)

Joanna Arnold (CEO)

Allenby Capital

David Worlidge / James Thomas 020 3328 5656

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

December 28, 2016 10:28 ET (15:28 GMT)

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