Result of secondary block placing

RNS Number : 2827U

Accesso Technology Group PLC

06 April 2016

 

Not for publication, distribution or release directly or indirectly, in whole or in part, in or into the United States, Australia, Canada, Japan or Republic of South Africa or any other jurisdiction in which offers or sales would be prohibited by law.

6 April 2016

accesso^® Technology Group plc

("accesso" or the "Company")

Result of secondary block placing and director dealings

accesso Technology Group plc (AIM: ACSO), announces that it has been notified by certain shareholders of the Company (the "Selling Shareholders"), including certain Board Directors of the Company, that they have successfully sold a total of 1,979,751 ordinary shares in the Company ("Placing Shares") at a price of 950p per share (the "Placing"). The Placing Shares in aggregate represent approximately 8.9% of the Company's issued share capital.

On completion of the Placing, the Directors of accesso who participated in the Placing and Leonard Sim have the following resultant shareholdings:

					Resultant holding1
Director	Current shareholding	Options exercised	Number of Placing Shares sold	Shares purchased	Ordinary Shares	%
Tom Burnet2	853,818	Nil	426,909	Nil	426,909	1.93%
John Alder	6,612	100,000	100,000	Nil	6,612	0.03%
Steve Brown	1,133,916	Nil	500,000	Nil	633,916	2.86%
Leonard Sim	2,043,575	Nil	800,000	Nil	1,243,575	5.61%

¹Based on the increased issued share capital following the Exercises               
²Held in joint ownership with the Lo-Q Employee Benefit Trust

Canaccord Genuity Limited ("Canaccord Genuity") and Numis Securities Limited ("Numis") (together, the "Joint Bookrunners") acted as Joint Bookrunners in relation to the Placing. 

Mr Burnet, Mr Alder, Mr Brown and Mr Sim have undertaken that, without the prior written consent of the Joint Bookrunners, they will not dispose of any further accesso shares for a period of 365 days following completion of the Placing.

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan Kit Stephenson (ECM)
Numis Securities Limited	[phone]
Simon Willis, Mark Lander
FTI Consulting, LLP	[phone]
Matt Dixon, Adam Davidson

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 whilst 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 and ShoWare^® 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

The accesso LoQueue virtual queuing solutions allow guests to reduce the amount of time waiting for park attractions by electronically holding their place in line, so they can spend more time enjoying all the venue has to offer.

·      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.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided millions of guests with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

More than 900 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 our solutions are trusted by 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.

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

 

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