Accesso Technology Group PLC Grant of Awards to Directors (0720F)
February 16 2018 - 3:00AM
UK Regulatory
TIDMACSO
RNS Number : 0720F
Accesso Technology Group PLC
16 February 2018
16 February 2018
accesso(R) Technology Group plc
("accesso" or the "Company")
Grant of Awards to Directors under the Long Term Incentive
Plan
accesso Technology Group plc (AIM: ACSO), the premier technology
solutions provider to leisure, entertainment, hospitality,
attractions and cultural markets, today announces that on 16
February 2018, the Company granted the following conditional share
awards (the "Awards") over ordinary shares of 1 penny each of the
Company (the "Ordinary Shares") to Tom Burnet (Executive Chairman)
and John Alder (Chief Financial Officer) under the accesso
Technology Group 2014 Long Term Incentive Plan ("LTIP"), approved
by shareholders on 23 May 2017.
Name Number Number Number of Ordinary Approximate
of Ordinary of Conditional Shares beneficially % of total
Shares Shares interested in shareholding
potentially held following beneficially
subject the Award interested
to LTIP in
Award
-------------- ------------- ---------------- --------------------- --------------
Tom Burnet 20,416 196,576 426,909 1.62%
-------------- ------------- ---------------- --------------------- --------------
John Alder 15,308 146,624* 6,612 0.03%
-------------- ------------- ---------------- --------------------- --------------
*excludes 100,000 of vested unexercised options
The Awards are granted using a share price of GBP21.93 per
Ordinary Share, being the average closing price of the Ordinary
Shares over the 30 days to 15 February 2018. This award is
consistent with previous annual awards to certain Directors of the
Company under the LTIP and will vest three years from this date,
with a requirement that the Ordinary Shares be held for a further
six months thereafter.
The Company also announces today its intention to make an award
under the LTIP to Paul Noland upon commencement of his tenure as
Chief Executive Officer, due on 9 April 2018. These Awards will be
granted using the average closing price of the Ordinary Shares over
the 30 days prior to 9 April 2018.
The Awards are subject to the attainment of certain stretching
performance conditions relating to the achievement of compound
share price growth rates which must be met on the conclusion of the
vesting period.
No consideration will be paid for the conditional shares upon
their vesting and the issue of the Awards will be subject to the
related performance criteria.
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Persons Closely Associated with
them
1. Details of the person discharging managerial
responsibilities/person closely associated
--------------------------------------------------------------------------
(a) Name TOM BURNET
----- ------------------------------- ----------------------------------
Reason for the notification
--------------------------------------------------------------------------
(a) Position/status EXECUTIVE CHAIRMAN
----- ------------------------------- ----------------------------------
(b) Initial notification/Amendment INITIAL NOTIFICATION
----- ------------------------------- ----------------------------------
2. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------------
(a) Name ACCESSO TECHNOLOGY GROUP PLC
----- ------------------------------- ----------------------------------
(b) LEI 213800VY7MXUO7STIN73
----- ------------------------------- ----------------------------------
3. Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted
--------------------------------------------------------------------------
(a) Description of ORDINARY SHARES OF 1 PENCE EACH
the financial
instrument, type
of instrument ISIN: GB0001771426
Identification
code
----- ------------------------------- ----------------------------------
(b) Nature of the GRANT OF AWARDS MADE UNDER THE
transaction 2014 ACCESSO TECHNOLOGY GROUP
PLC 2014 LONG TERM INCENTIVE
PLAN ("LTIP")
----- ------------------------------- ----------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s)
GBP21.93 20,416
----- ------------------------------- ---------------- ----------------
(d) Aggregated information
* Aggregated volume 20,416
GBP21.93
* Price
----- ------------------------------- ----------------------------------
(e) Date and time 16 February 2018
of the transaction
----- ------------------------------- ----------------------------------
(f) Place of the Outside a trading venue
transaction
----- ------------------------------- ----------------------------------
1. Details of the person discharging managerial
responsibilities/person closely associated
--------------------------------------------------------------------------
(a) Name JOHN ALDER
----- ------------------------------- ----------------------------------
Reason for the notification
--------------------------------------------------------------------------
(a) Position/status CHIEF FINANCIAL OFFICER
----- ------------------------------- ----------------------------------
(b) Initial notification/Amendment INITIAL NOTIFICATION
----- ------------------------------- ----------------------------------
2. Details of the issuer, emission allowance market
participant, auction platform, auctioneer or auction
monitor
--------------------------------------------------------------------------
(a) Name ACCESSO TECHNOLOGY GROUP PLC
----- ------------------------------- ----------------------------------
(b) LEI 213800VY7MXUO7STIN73
----- ------------------------------- ----------------------------------
3. Details of the transaction(s): section to be
repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and
(iv) each place where transactions have been conducted
--------------------------------------------------------------------------
(a) Description of ORDINARY SHARES OF 1 PENCE EACH
the financial
instrument, type
of instrument ISIN: GB0001771426
Identification
code
----- ------------------------------- ----------------------------------
(b) Nature of the GRANT OF AWARDS MADE UNDER THE
transaction 2014 ACCESSO TECHNOLOGY GROUP
PLC 2014 LONG TERM INCENTIVE
PLAN ("LTIP")
----- ------------------------------- ----------------------------------
(c) Price(s) and Price(s) Volume(s)
volume(s)
GBP21.93 15,308
----- ------------------------------- ---------------- ----------------
(d) Aggregated information
* Aggregated volume 15,308
GBP21.93
* Price
----- ------------------------------- ----------------------------------
(e) Date and time 16 February 2018
of the transaction
----- ------------------------------- ----------------------------------
(f) Place of the Outside a trading venue
transaction
----- ------------------------------- ----------------------------------
For further information, please
contact:
accesso Technology Group plc +44 (0)118 934 7400
Tom Burnet, Executive Chairman
Steve Brown, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP +44 (0)20 3727 1000
Matt Dixon, Adam Davidson
Canaccord Genuity Limited +4 (0)20 7523 8000
Simon Bridges, Martin Davison, Richard Andrews
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis, Mark Lander
About accesso(R) Technology Group
At accesso, we believe technology has the power to redefine the
guest experience. Our patented and award winning solutions drive
increased revenue for attraction operators while improving the
guest experience. Currently serving over 1,000 clients in 27
countries around the globe, accesso's solutions help our clients
streamline operations, generate increased revenues, improve guest
satisfaction and harness the power of data to educate business and
marketing decisions.
accesso stands as the leading technology provider of choice for
tomorrow's attractions, venues and institutions. We invest heavily
in research and development because our industries demand it, our
clients benefit from it and it makes a positive impact on the guest
experience. Our innovative technology solutions allow venues to
increase the volume and range of on-site spending and to drive
increased transaction-based revenue through cutting-edge ticketing,
point-of-sale, virtual queuing, distribution and experience
management software.
Many of our team members come from backgrounds working within
the attractions and cultural industry. In this way, we are
experienced operators who run a technology company serving
attractions operators, versus a technology company that happens to
serve the market. Our staff understands the day-to-day operations
of managing complex venues and the challenges this creates, and
together we strive to provide our clients and their guests with
technology that empowers them to do more and enjoy more. From our
agile development team to our dedicated client service specialists,
every team member knows that their passion, integrity, commitment,
teamwork and innovation are what drive our success.
accesso is a public company, listed on AIM: a market operated by
the London Stock Exchange. For more information, visit
www.accesso.com. Follow accesso on Twitter, LinkedIn and
Facebook.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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