TechHardware & electrical equipment
Accesso Technology Group PLC

Accesso's executive chairman Tom Burnet to step down

Accesso said it has entered 2019 in good health with strong positions in its chosen markets and established customer relationships. These customers continue to respond well to the group's increasingly integrated product offering

"Tom has been central in driving accesso's significant growth and international expansion over the last nine years"

Accesso Technology Group PLC (LON:ACSO) traded broadly in line with market expectations in 2018.

The provider of technology solutions to the leisure and entertainment markets advised, however, that the 2018 results would be affected by one-off costs of around US$1.7mln relating to an acquisition that ultimately did not go through.

READ: accesso expands footprint in Australia

The group also announced that executive chairman, Tom Burnet, will move to a non-executive role at the beginning of March. Bill Russell, who has served in a variety of roles in both public and private technology company boards, will become non-executive chairman when Burnet vacates the chair.

Paul Noland, the chief executive officer of accesso, hailed Burnet’s “exceptional leadership” and said he looked forward to continuing his working relationship with him “as the business prepares for another year of continued growth”.

Following a period of sustained growth, the board has recently initiated a review of the group's investment priorities.

An update on the outcome of this review is likely to be given when the company issues its full-year results on March 27.


Quick facts: Accesso Technology Group PLC

Price: £9.15

Market: LSE
Market Cap: £252.52 m

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Accesso Technology Group sees 'enormous' opportunities for growth in 2018

Tom Burnet, chairman of accesso Technology Group PLC (LON:ACSO), tells Proactive's Andrew Scott they enjoyed a strong year and remain confident on the outlook for 2018. Revenues for the 12 months ended December 31 grew just over 30% to US$133.4mln, while underlying earnings (EBITDA) were...

on 29/3/18

2 min read