Business
Result of secondary block placing
Result of secondary block placing.
About this update from Accesso Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 2827U Accesso Technology Group PLC 06 April 2016 \n\nNot 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.\n \n6 April 2016\n \n \naccesso® Technology Group plc\n(\"accesso\" or the \"Company\")\n \nResult of secondary block placing and director dealings\naccesso 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.\nOn completion of the Placing, the Directors of accesso who participated in the Placing and Leonard Sim have the following resultant shareholdings:\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nResultant holding1\n\n\n\n\nDirector\n\n\nCurrent shareholding\n\n\nOptions exercised\n\n\nNumber of Placing Shares sold\n\n\nShares purchased\n\n\nOrdinary Shares\n\n\n%\n\n\n\n\nTom Burnet2\n\n\n853,818\n\n\nNil\n\n\n426,909\n\n\nNil\n\n\n426,909\n\n\n1.93%\n\n\n\n\nJohn Alder\n\n\n6,612\n\n\n100,000\n\n\n100,000\n\n\nNil\n\n\n6,612\n\n\n0.03%\n\n\n\n\nSteve Brown\n\n\n1,133,916\n\n\nNil\n\n\n500,000\n\n\nNil\n\n\n633,916\n\n\n2.86%\n\n\n\n\nLeonard Sim\n\n\n2,043,575\n\n\nNil\n\n\n800,000\n\n\nNil\n\n\n1,243,575\n\n\n5.61%\n\n\n\n\n\n1Based on the increased issued share capital following the Exercises 2Held in joint ownership with the Lo-Q Employee Benefit Trust\nCanaccord Genuity Limited (\"Canaccord Genuity\") and Numis Securities Limited (\"Numis\") (together, the \"Joint Bookrunners\") acted as Joint Bookrunners in relation to the Placing. \nMr 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.\n \n \nFor further information...