9th Dec 2020 18:21
Access Intelligence PLC - London-based software firm - Due to new client wins in the second half of financial year, as well as strong new business and renewal rates, revenue for the year to the end of November is set to be GBP19.1 million, up from GBP13.4 million the prior year.
"We've achieved these results thanks to colleagues adapting quickly and readily to new ways of working in challenging circumstances. I cannot praise their energy, focus and flexibility highly enough. This positive performance demonstrates the strength of our product portfolio and our increasing global market presence," said Non-Executive Chair Christopher Sattherwaite.
Also, plans to raise up to GBP10.0 million through placing of up to 12.5 million shares at a price of 80 pence each. In addition, will issue 4.6 million shares by Cello Holdings Ltd and Non-Executive Director Michael Jackson to raise GBP3.7 million.
Proceeds will go towards enhancing group's technology and platform of products for further geographic expansion, as well as explore suitable acquisition opportunities.
Current stock price: 80.00 pence
Year-to-date change: up 55%
By Dayo Laniyan; [email protected]
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