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Accesso puts itself up for sale

Ticketing technology company Accesso Technology has put itself up for sale after receiving several bid approaches.

The London-listed firm, which provides virtual and online ticketing solutions and virtual queueing technology solutions for attractions, said it will conduct a formal sale process as required under UK takeover rules.

Accesso said in a stock market statement: “The board of Accesso has determined that this is the most appropriate mechanism, for a UK-listed company subject to the code, to determine whether or not this high level of inbound interest will translate into an offer or offers on terms which the board is prepared to recommend to accesso shareholders.”

The board has appointed Numis Securities Limited as financial adviser and joint broker to the company.

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.

Accesso’s share price surged 47 per cent to £11.15 on the London Stock Exchange following the announcement.

Accesso’s partners include the New York Botanical Gardens, the National World War II Museum in New Orleans, the new entertainment complex St. Louis Aquarium and three ski resorts across the US: Holiday Valley, Sierra-at-Tahoe and Perfect North.