LONDON - Accesso Technology Group plc (AIM:ACSO), a leading provider of technology solutions for the leisure, entertainment, and cultural markets, has announced the upcoming admission of 29,409 new ordinary shares to the AIM market of the London Stock Exchange (LON:LSEG). These shares are part of the consideration for the acquisition of Paradocs Mountain Software, a transaction that was initially disclosed on April 24, 2023.
This issuance represents the fourth and final tranche of the total 117,636 Ordinary Shares to be allocated as part of the acquisition agreement. The company had previously announced the third tranche on October 17, 2024. The new shares will be admitted to trading and are expected to rank equally with the existing ordinary shares of the company, with the effective date for the admission set for April 25, 2025.
Following the issue of these new shares, Accesso Technology Group will have a total of 40,982,310 Ordinary Shares in circulation. The figure reflects the cancellation of shares the company has bought back as part of its share buyback program to date. It is important to note that this total does not account for any further impact of shares that may be repurchased and cancelled before the admission date as part of the ongoing share buyback initiative.
The completion of this share issuance marks a significant milestone in Accesso’s strategic expansion through the acquisition of Paradocs Mountain Software. Investors and market watchers will be monitoring the integration of the newly acquired company and its contributions to Accesso’s overall performance.
The information in this article is based on a press release statement from Accesso Technology Group plc.
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