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Accesso Technology remains in talks with potential suitors

By Josh White

Date: Wednesday 13 Nov 2019

Accesso Technology remains in talks with potential suitors

(Sharecast News) - Leisure, entertainment, hospitality and attractions technology provider Accesso Technology Group updated the market on its announced formal sale process on Wednesday, which remains ongoing.
The AIM-traded firm said that, following receipt of a certain number of refreshed indications of interest in recent months, the company and its advisers were continuing to engage in discussions with several parties to determine whether a potential offer could be delivered at a value that the board considered attractive to shareholders.

It said the interested parties remained engaged in financial and operational due diligence.

"This announcement is not a firm intention to make an offer ... 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 Accesso board said in its statement.

"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."

At 1136 GMT, shares in Accesso Technology Group were up 15.38% at 600p.

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