Accesso Technology Group PLC Grant of Awards to Directors (7591J)

TIDMACSO

RNS Number : 7591J

Accesso Technology Group PLC

14 September 2016

14 September 2016

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 and cultural markets today announces that, on 14 September 2016, the Company granted the following conditional share awards (the "Awards") over ordinary shares of 1 penny each of the Company (the "Ordinary Shares") to certain Directors of the Company under the accesso Technology Group 2014 Long Term Incentive Plan ("LTIP"), approved by shareholders on 27 May 2014.

 
    Director         Number         Market          Number             Number of          Approximate 
      Name         of Ordinary       value       of Conditional         Ordinary           % of total 
                     Shares       of Ordinary        Shares        Shares beneficially    shareholding 
                   potentially      Shares       held following        interested         beneficially 
                     subject        at the         the Award               in              interested 
                     to LTIP         date                                                      in 
                      Award         of the 
                                     Award 
                                     (GBP) 
---------------  -------------  -------------  ----------------  ---------------------  -------------- 
 
    Tom Burnet        82,960       1,329,434         176,160             426,909*             1.92% 
---------------  -------------  -------------  ----------------  ---------------------  -------------- 
 
    John Alder        59,371        951,420          131,316              6,612               0.03% 
---------------  -------------  -------------  ----------------  ---------------------  -------------- 
 
   Steve Brown        69,653       1,116,189         144,143             633,916              2.85% 
---------------  -------------  -------------  ----------------  ---------------------  -------------- 
 

(* held in joint ownership with Lo-Q Employee Benefit Trust)

Announcement of the Awards is being made today, being the first practicable announcement date following the conclusion of an extended Close Period. Accordingly, the Awards have been granted using a share price of 916p per Ordinary Share, being the average closing price of the Ordinary Shares over the 30 days to 14 March 2016. 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 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.

For further information, please contact:

   accesso Technology Group plc                                    [phone] 

Tom Burnet, Executive Chairman

Steve Brown, Chief Executive Officer

John Alder, Chief Financial Officer

   FTI Consulting, LLP                                                     [phone] 

Matt Dixon

Adam Davidson

   Canaccord Genuity Limited                                         [phone] 

Simon Bridges

Cameron Duncan

   Numis Securities Limited                                             [phone] 

Simon Willis

Mark Lander

Ends

About accesso(R) Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators while improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

We drive attendance

The accesso Passport(R) and accesso ShoWare(SM) ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support. It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

We take guests out of line

Since 2001 more than 11 million guests have used a patented accesso LoQueue(SM) solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

We simplify point-of-sale

Our accesso Siriusware(SM) point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

More than 1000 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks. We are proud that our solutions are trusted by the majority of the leading names in the leisure industry including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 14, 2016 02:01 ET (06:01 GMT)