Regulatory Story
Go to market news section View chart   Print
Accesso Technology Group PLC   -  ACSO   

Further update on the formal sale process

Released 07:00 13-Nov-2019

RNS Number : 1872T
Accesso Technology Group PLC
13 November 2019

13 November 2019




("accesso" or the "Company")


Further update on the formal sale process


accesso Technology Group plc (AIM: ASCO), the premier technology solutions provider to leisure, entertainment, hospitality, attractions and cultural markets, provides the following update on its announced formal sale process (the "Formal Sale Process") under the City Code on Takeovers and Mergers (the "Code") which remains ongoing.


Following receipt of a certain number of refreshed indications of interest over the last several months, the Company and its advisers are continuing to engage in discussions with several parties to determine whether a potential offer for the Company can be delivered at a value that the Board considers attractive to shareholders. The interested parties remain engaged in financial and operational due diligence. 


This announcement is not a firm intention to make an offer under Rule 2.7 of the Code and there can be no certainty that any offers will be made as a result of the Formal Sale Process, that any sale or other transaction will be concluded, nor as to the terms on which any offer or other transaction may be made.

 The Board reserves the right to alter any aspect of the Formal Sale Process or to terminate it at any time and will make further announcements when appropriate. The Board reserves the right to reject any approach or terminate discussions with any interested party or participant at any time.




For further information please contact:

accesso Technology Group plc

Paul Noland, Chief Executive Officer

John Alder, Chief Financial Officer

+44 (0)118 934 7400


Simon Chisholm, Investor Relations


+44 (0)1825 723 440

KeyBanc Capital Markets Inc. (Lead Financial Adviser)

Thomas Mazzucco

Chris Headrick



US: +1 415 659 0934

US: +1 415 486 3410


Canaccord Genuity Limited (Rule 3 Adviser, Nominated Adviser and Joint Broker)

Simon Bridges, Richard Andrews

+44 (0)20 7523 8000


Numis Securities Limited (Financial Adviser and Joint Broker)

Simon Willis, Mark Lander

+44 (0)20 7260 1000

FTI Consulting, LLP             

Matt Dixon, Chris Birt

+44 (0)20 3727 1000



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 or visit

London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


Further update on the formal sale process - RNS