Accesso Technology Group PLC Grant of Awards to Directors under the LTIP (9339Y)
May 14 2019 - 1:01AM
UK Regulatory
TIDMACSO
RNS Number : 9339Y
Accesso Technology Group PLC
14 May 2019
14 May 2019
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 13 May
2019, the Company granted the following conditional share awards
(the "Awards") over ordinary shares of 1 penny each of the Company
(the "Ordinary Shares") to Paul Noland (Chief Executive Officer)
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 of Total number Number of Ordinary Approximate
Ordinary of conditional Shares beneficially % of total
Shares subject Shares held interested in Ordinary
to LTIP following Shares beneficially
Award the Award interested
in
Paul Noland 82,999 115,027 6,000 0.02%
---------------- ---------------- --------------------- ---------------------
John Alder 46,605 121,644 60,540 0.22%
---------------- ---------------- --------------------- ---------------------
The Awards are granted using a share price of GBP8.52 per
Ordinary Share, being the average closing price of the Ordinary
Shares over the 30 days to 10 May 2019. 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 Awards are subject to the attainment of certain stretching
performance conditions relating to the achievement of relative
share price growth and achievement of adjusted earnings per share
targets, 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 PAUL NOLAND
----------------------------------------- -------------------------------------------------
Reason for the notification
(a) Position/status CHIEF EXECUTIVE 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 the ORDINARY SHARES OF 1 PENCE EACH
financial instrument,
type of instrument
ISIN: GB0001771426
Identification code
----------------------------------------- -------------------------------------------------
(b) Nature of the transaction GRANT OF AWARDS MADE UNDER THE 2014 ACCESSO
TECHNOLOGY GROUP PLC 2014 LONG TERM INCENTIVE
PLAN ("LTIP")
----------------------------------------- -------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
GBP8.52 82,999
----------------------------------------- ----------------------- ------------------------
(d) Aggregated information
* Aggregated volume N/A - single transaction
* Price
----------------------------------------- -------------------------------------------------
(e) Date and time of the 13 May 2019
transaction
----------------------------------------- -------------------------------------------------
(f) Place of the transaction Outside a trading venue
----------------------------------------- -------------------------------------------------
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 the ORDINARY SHARES OF 1 PENCE EACH
financial instrument,
type of instrument
ISIN: GB0001771426
Identification code
--------------------------------------------- -------------------------------------------------
(b) Nature of the transaction GRANT OF AWARDS MADE UNDER THE 2014 ACCESSO
TECHNOLOGY GROUP PLC 2014 LONG TERM INCENTIVE
PLAN ("LTIP")
--------------------------------------------- -------------------------------------------------
(c) Price(s) and volume(s) Price(s) Volume(s)
GBP8.52 46,605
--------------------------------------------- ---------------------- -------------------------
(d) Aggregated information
* Aggregated volume N/A - single transaction
* Price
--------------------------------------------- -------------------------------------------------
(e) Date and time of the 13 May 2019
transaction
--------------------------------------------- -------------------------------------------------
(f) Place of the transaction Outside a trading venue
--------------------------------------------- -------------------------------------------------
For further information, please contact:
accesso Technology Group plc +44 (0)118 934 7400
Paul Noland, Chief Executive Officer
John Alder, Chief Financial Officer
Bill Russell, Non-Executive Chairman
FTI Consulting, LLP +44 (0)20 3727 1000
Matt Dixon, Adam Davidson
Canaccord Genuity Limited +44 (0)20 7523 8000
Simon Bridges, Richard Andrews
Numis Securities Limited +44 (0)20 7260 1000
Simon Willis, Mark Lander
About accesso Technology Group, plc
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 30
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 invests 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 commitment to improving the guest experience and helping our
clients increase revenue is the core of our business. Our
technology solutions allow venues to increase the volume and range
of on- and off-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.
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END
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