Accesso Technology Group PLC Grant of Awards to Directors (0720F)

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       [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, Martin Davison, Richard Andrews 
 Numis Securities Limited           [phone] 
 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

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February 16, 2018 04:00 ET (09:00 GMT)