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 +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 +44 (0)20 7523 8000
Simon Bridges
Cameron Duncan
Numis Securities Limited +44 (0)20 7260 1000
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
END
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