Business
Share Repurchase Programme
Share Repurchase Programme.
About this update from Accesso Technology Group Plc
[{"type":"text","content":"\n\n23 August 2024\n \naccesso® Technology Group plc\n \n(\"accesso\", the \"Company\" or the \"Group\")\n \nShare Repurchase Programme\n \n \naccesso Technology Group plc (AIM: ASCO), the premier technology solutions provider for attractions and venues worldwide, announces that the Board of Directors has approved a share repurchase programme to return up to a maximum aggregate amount of £4m to the Company's shareholders (the \"Programme\").\n \nAbout the Programme\n· The Programme will be financed through existing cash resources.\n \n· The Programme will commence on the date of this announcement and will continue until the earlier of either the expiration of the general authority received at the Company's 2024 AGM (\"General Authority\") or until the maximum pecuniary amount has been purchased under the Programme. Share repurchases may be made from time to time depending on market conditions, share price and trading volume.\n \n· The purchased ordinary shares of 1 pence each in the capital of the Company (\"Ordinary Shares\") will be cancelled\n \n· The purpose of the Programme is to reduce the Company's share capital. In order to implement the Programme, the Company has entered into an irrevocable, non-discretionary agreement with Numis Securities Limited (trading as Deutsche Numis) to conduct the Programme on its behalf and carry out on-market purchases of Ordinary Shares, acting as riskless principal, and to on-sell such Ordinary Shares to the Company.\n \n· The Company confirms that it currently has no unpublished inside information.\n \n· The Programme will operate in accordance with and under the terms of the relevant General Authority. The Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the delegated regulations made pursuant to it, save that there may be circumstances where the Company conducts share repurchases such that they exceed 25 per cent of the average daily volume in Ordinary Shares for the 20 trading days prior to the share repurchase.\n \n· As at 23 August 2024, the Company's ...