Access Intelligence PLC Silicon Valley Bank (6600S)
13 Marzo 2023 - 1:00AM
UK Regulatory
TIDMACC
RNS Number : 6600S
Access Intelligence PLC
13 March 2023
Access Intelligence plc
("Access Intelligence" or the "Company")
Silicon Valley Bank
Access Intelligence (AIM: ACC), the technology innovator
delivering Software-as-a-Service (SaaS) solutions for the global
marketing and communications industries, announces an update in
respect of its banking relationship with Silicon Valley Bank
('SVB').
Access Intelligence has noted recent developments in respect of
SVB. Whilst SVB has been one of the Company's banking partners in
the EMEA & North America region, the Company can confirm that
it has minimal exposure on its deposits with less than GBP0.4m held
across a number of SVB accounts in both the UK and the US. At this
time, the Company expects that the vast majority of these funds, if
not all, will be protected by the UK Financial Services
Compensation Scheme or the US Federal Deposit Insurance
Corporation, however the exact timing of when these funds might be
available to the Company still remains uncertain. SVB is not a
banking partner of the Company in the APAC region.
For further information:
Access Intelligence plc 020 3426 4024
Joanna Arnold (CEO) / Mark Fautley (CFO)
finnCap Limited (Nominated Adviser and Broker)
020 7220 0500
Corporate Finance:
Marc Milmo / Fergus Sullivan
Corporate Broking:
Alice Lane / Sunila de Silva
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END
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(END) Dow Jones Newswires
March 13, 2023 03:00 ET (07:00 GMT)
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