accesso Technology Group Announces Share Repurchase Programme
Why we think this is neutral
The RNS announcement is about the commencement of a share repurchase programme by accesso Technology Group plc. While this may be seen as a positive move to return capital to shareholders, the announcement does not contain any of the mandatory news types that would warrant a more positive or negative sentiment score.
Key Points
- The Programme will commence on the date of the announcement and continue until the maximum pecuniary amount has been purchased, subject to obtaining the relevant share purchase authorities at the forthcoming AGM.
- The Company has instructed Numis Securities Limited 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.
- The Programme will be conducted within the parameters of the Market Abuse Regulation 596/2014/EU and the delegated regulations made pursuant to it.
Summary
The technology solutions provider has announced a share repurchase programme to return up to £8m to shareholders.
accesso Technology Group plc (AIM: ASCO), the premier technology solutions provider for attractions and venues worldwide, has announced that the Board of Directors has approved a share repurchase programme to return up to a maximum aggregate amount of £8m to the Company's shareholders. The purchased ordinary shares will be cancelled, and the purpose of the Programme is to reduce the Company's share capital.
Key Dates
15 April 2025
Commencement of Share Repurchase Programme
Early Q2 2025
Forthcoming AGM to obtain relevant share purchase authorities
GENERAL UPDATE