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ACSO Accesso Technology Group Plc

700.00
24.00 (3.55%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accesso Technology Group Plc LSE:ACSO London Ordinary Share GB0001771426 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  24.00 3.55% 700.00 682.00 698.00 676.00 666.00 676.00 68,085 16:35:01
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Cmp Integrated Sys Design 139.73M 10.06M 0.2395 28.23 283.88M

Accesso Technology Group PLC New Banking Facility (8863A)

30/05/2023 7:00am

UK Regulatory


Accesso Technology (LSE:ACSO)
Historical Stock Chart


From May 2023 to May 2024

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TIDMACSO

RNS Number : 8863A

Accesso Technology Group PLC

30 May 2023

30 May 2023

accesso(R) Technology Group plc

("accesso" or the "Group")

New Banking Facility

accesso Technology Group plc (AIM: ACSO) , the premier technology solutions provider to leisure, entertainment, and cultural markets, today announces the successful agreement of a new banking relationship and facility with HSBC.

This new $40 million revolving credit facility has a four-year term, to May 2027, and is accompanied by a $20 million accordion option which the Group may utilise as it pursues its strategic plan into the mid-term. Numis acted as the debt advisor to the transaction.

The HSBC facility replaces the Group's undrawn GBP18 million arrangement with Investec from 19 March 2021, which was due to expire in March 2024. This facility has now been cancelled.

Steve Brown, accesso's CEO, commented:

"I'm very pleased to have agreed this new facility with HSBC. We are making excellent progress in delivering our growth plan, and this agreement increases our resilience while enhancing our ability to execute value accretive acquisitions where we see the potential to advance our plan more quickly. I'd like to welcome HSBC as an Accesso partner and thank them for their support."

For further information, please contact:

 
 accesso Technology Group plc       +44 (0)118 934 7400 
 Steve Brown, Chief Executive 
  Officer 
 Fern MacDonald, Chief Financial 
  Officer 
 
 
 Numis Securities Limited           +44 (0)20 7260 1000 
 Simon Willis, Hugo Rubinstein 
 
 
 Dentons Global Advisors            +44 (0)207 038 7419 
 Adam Davidson, Leah Dudley 
 

About accesso Technology Group plc

accesso is the leading global provider of patented and award-winning technology solutions that redefine the guest experience, drive increased revenue, streamline operations, and support data-driven business decisions for leisure & entertainment operators. Currently serving over 1,000 venues in 29 countries, accesso invests heavily in research and development to provide venues with technology that empowers them to deliver unforgettable guest experiences. Staffed by a team of attractions, cultural venue and ski industry veterans, accesso partners with venues to increase their range of on- and off-site guest engagement to drive increased revenue through intuitive ticketing, point-of-sale, virtual queuing, distribution, and experience management technology.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. Learn more at

accesso.com  or follow accesso on  Twitter ,   LinkedIn  and  Facebook . 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCPPUWUAUPWURB

(END) Dow Jones Newswires

May 30, 2023 02:00 ET (06:00 GMT)

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