Accesso Technology Group PLC Issue of Equity (5416L)

TIDMACSO

RNS Number : 5416L

Accesso Technology Group PLC

19 July 2017

19 July 2017

accesso(R) Technology Group plc

("accesso" or the "Company")

Issue of equity

Further to the announcement made by the Company on 13 July 2017 relating to the result of the accelerated bookbuild carried out, inter alia, to fund the acquisition of TE2, application for 245,128 New Ordinary Shares to be issued under the first tranche of Ordinary Shares to be issued as consideration for the acquisition of TE2 ("Consideration Shares") to trading on AIM has been made. The Consideration Shares and the Placing Shares to be issued pursuant to the bookbuild are expected to commence trading on 20 July 2017 ("Admission"). When issued, these shares will rank pari passu with the existing Ordinary Shares.

Immediately following Admission, the Company's issued share capital will consist of 26,339,029 Ordinary Shares, with no Ordinary Shares held in Treasury.

The total number of voting rights in the Company immediately following Admission will therefore be 26,339,029. 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.

Capitalised terms used but not defined in this announcement have the meaning given to those terms in the Company's announcement dated 13 July 2017.

For further information, please contact:

 
accesso Technology Group plc                     [phone] 
Tom Burnet, Executive Chairman 
John Alder, Chief Financial Officer 
 
FTI Consulting, LLP                              [phone] 
Matt Dixon, Adam Davidson 
 
Canaccord Genuity Limited                        [phone] 
Simon Bridges, Martin Davison, Richard Andrews 
Numis Securities Limited                         [phone] 
Simon Willis, Mark Lander, Tom Ballard 
 
 

About accesso Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators while improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

We drive attendance

The accesso Passport(R) and accesso ShoWareSM ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support. It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

We take guests out of line

Since 2001 more than 11 million guests have used a patented accesso LoQueueSM solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

We simplify point-of-sale

Our accesso SiriuswareSM point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

Attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks. We are proud that the majority of the leading names in the leisure industry including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes and Herschend Family Entertainment, trust our solutions.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com

This information is provided by RNS

The company news service from the London Stock Exchange

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July 19, 2017 10:16 ET (14:16 GMT)