Block Listing Application

RNS Number : 0487G

Accesso Technology Group PLC

19 July 2019

 

19 July 2019

accesso® Technology Group plc

("accesso" or the "Group")

Block Listing Application

The Group announces that application has been made to AIM of the London Stock Exchange for the block admission of 314,165 ordinary shares of 1 penny each ("Ordinary Shares"). These Ordinary Shares will be available to be issued to satisfy the remaining deferred consideration shares ("Deferred Consideration Shares") relating to the acquisition of TE2, as announced on 12 July 2017. The awards are being made to TE2 founders and certain senior management in line with the terms of the acquisition, subject to the continued employment of these parties at accesso.

It is expected that the increase in the Ordinary shares available to be issued through the block admission will become effective on 22 July 2019. The Group expects to issue 140,381 Ordinary Shares on 22 July 2019 with the remaining Ordinary Shares being issued monthly, commencing on 20 August 2019  over a period of 12 months. All Ordinary Shares issued pursuant to the Deferred Consideration Shares will rank pari passu with the Group's existing Ordinary Shares.

For further information, please contact:

accesso Technology Group plc	[phone]
Paul Noland, Chief Executive Officer
John Alder, Chief Financial Officer
Bill Russell, Non-Executive Chairman Simon Chisholm, Investor Relations
FTI Consulting, LLP	[phone]
Matt Dixon, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Richard Andrews
Numis Securities Limited	[phone]
Simon Willis, Mark Lander

About accesso Technology Group, plc

At accesso, we believe technology has the power to redefine the guest experience. Our patented and award-winning solutions drive increased revenue for attraction operators while improving the guest experience. Currently serving over 1,000 clients in 30 countries around the globe, accesso's solutions help our clients streamline operations, generate increased revenues, improve guest satisfaction and harness the power of data to educate business and marketing decisions.

accesso invests heavily in research and development because our industries demand it, our clients benefit from it and it makes a positive impact on the guest experience.

Our commitment to improving the guest experience and helping our clients increase revenue is the core of our business. Our technology solutions allow venues to increase the volume and range of on- and off-site spending and to drive increased transaction-based revenue through cutting-edge ticketing, point-of-sale, virtual queuing, distribution and experience management software.

Many of our team members come from backgrounds working within the attractions and cultural industry. In this way, we are experienced operators who run a technology company serving attractions operators, versus a technology company that happens to serve the market. Our staff understands the day-to-day operations of managing complex venues and the challenges this creates, and together we strive to provide our clients and their guests with technology that empowers them to do more and enjoy more. From our agile development team to our dedicated client service specialists, every team member knows that their passion, integrity, commitment, teamwork and innovation are what drive our success.

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

 

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