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Access Intelligence

  • BY: Andrew Hore |
  • POSTED: 20/12/2012 |

Risk control software supplier Access Intelligence says that figures for the year to November 2012 will be broadly in line with expectations, which follows share buying by chief operating officer Joanna Arnold.

Arnold subscribed for 4.125m new shares at 4p each and then acquired 875,000 at the same share price a few days later. This took her stake to 2.16%.

The new shares were acquired at a premium of more than 15% to the market price.

At 3.5p a share, Access Intelligence is valued at £8.14m. Cash in the bank exceeded £2.7m at the end of November 2012. Net cash was £2m at the end of May 2012 with a further £250,000 received in July, which was the amount in escrow for the 2011 sale of information search technology company Solcara to Thomson Reuters.

The full year figures will be published in the second week of March.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFDecember2012_39.pdf

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