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accesso Technology puts itself up for sale after bid approaches

The company said it has received bid approaches from a number of parties

Accesso
Shares jumped on the announcement

Electronic ticketing firm accesso Technology Group PLC (LON:ACSO) has put itself up for sale.

The company, which provides offers ticketing solutions and gizmos that enable theme park attendees to be in a virtual queue while roaming the theme park, said after receiving several bid approaches it will conduct a formal sale process as required under UK takeover rules.

The group will wait to see whether the high level of interest it has received will translate into an offer on terms it would be prepared to recommend to shareholders.

Any party wishing to participate in the formal sale process will be required to enter into a non-disclosure agreement with the company on terms satisfactory to the board before being permitted to participate in the formal sale process.

The shares soared 45% to 1,100p in afternoon trading.

Quick facts: Accesso Technology Group PLC

Price: 287.5 GBX

LSE:ACSO
Market: LSE
Market Cap: £118.49 m
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