REG - Accesso Technology - Board Changes

accesso TechnologyAnnouncement

27/01/2020 07:00

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RNS Number : 9321A  Accesso Technology Group PLC  27 January 2020

The information communicated in this announcement is inside information for
the purposes of Article 7 of the Market Abuse Regulation 596/2014.

 

 27 January 2020

 

accesso® Technology Group plc

 

("accesso" or the "Company")

 

Board Changes

 

accesso Technology Group plc (AIM: ASCO), the premier technology solutions
provider to leisure, entertainment, hospitality, attractions and cultural
markets, is pleased to announce that further to the announcement made on 23
January 2020, Steve Brown has now been appointed as the new Chief Executive
Officer and a Director of the Company, with immediate effect.

 

The Company also confirms that Paul Noland has now resigned as Chief Executive
Officer and steps down from his role on the accesso Board concurrently with
Steve's appointment.

 

LTIP Award:

As part of Steve's appointment to the Board of accesso, the Board has agreed
to issue up to 582,567 nil cost options over ordinary shares of 1 pence each
in the Company ("Ordinary Shares") as a long-term incentive plan ("LTIP") that
appropriately incentivises him for delivering growth and shareholder value.

 

The LTIP will require Steve to remain in employment with the Company at the
date of exercise and will be subject to certain financial and operational
performance conditions, measured over the period to 31 December 2022. There is
no intention to make further awards to him during this period.

 

Post the LTIP award, Steve holds an interest in the Company of 316,774
Ordinary Shares and 582,567 options over Ordinary Shares.

 

The information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM
Rules for Companies in relation to the appointment of Steve Brown (aged 51) is
as follows:

Current directorships:

 Date Appointed  Company Name                           Position

 November 2010   Resilient Holdings, LLC                Member
 March 2013      Council Properties of Lakeland, LLC    Member
 March 2013      SLS Properties of Lakeland, LLC        Member
 May 2013        Resilient Properties, LLC              Managing Member
 October 2016    Resilient Properties Winter Park, LLC  Managing Member
 November 2016   Resilient Restaurants, LLC             Managing Member

Previous directorships:

 Tenure                       Company Name                  Position(s)

 December 2012 to April 2018  accesso Technology Group plc  Chief Operating Officer, Chief Executive Officer
 March 2017 to November 2018  Ingresso Group Limited        Chief Operating Officer

 

In 2008, whilst Steve was CEO of Cygnus eTransactions Group, Inc, its board of
directors voted to reorganise under Chapter 11 of the US Bankruptcy Code and
its assets were subsequently liquidated.

Save as disclosed above, there are no further disclosures required to be made
in respect of the appointment of Steve Brown under Schedule 2(g) or Rule 17 of
the AIM Rules for Companies.

For further information please contact:

 accesso Technology Group plc                                         +44 (0)118 934 7400

 Bill Russell, Non-Executive Chairman

 John Alder, Chief Financial Officer

 Simon Chisholm, Investor Relations                                   +44 (0)1825 723

                                                                    440

 Canaccord Genuity Limited (Nominated Adviser and Joint Broker)       +44 (0)20 7523 8000

 Simon Bridges, Richard Andrews

 Numis Securities Limited (Joint Broker)                              +44 (0)20 7260 1000

 Simon Willis, Mark Lander

 FTI Consulting, LLP                                                  +44 (0)20 3727 1000

 Matt Dixon, Adam Davidson, Chris Birt

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them

 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Mr. Steve Brown
 2.  Reason for the Notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/Amendment                               Initial notification
 3.  Details of the issuer, emission allowance market participant, auction
     platform, auctioneer or auction monitor
 a)  Name                                                         accesso Technology Group Plc
 b)  LEI                                                          213800VY7MXUO7STIN73
 4.  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 Financial instrument, type of instrument  Ordinary Shares of 1 pence each
     Identification code                                          GB0001771426
 b)  Nature of the transaction                                    Award of Options over Ordinary Shares
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  Nil cost           582,567

 
 d)  Aggregated information:

     ·Aggregated volume                                           See 4c) above

     ·Price
 e)  Date of the transaction                                      27 January 2020
 f)  Place of the transaction                                     Off exchange

 

d)

Aggregated information:

·Aggregated volume

·Price

 

See 4c) above

e)

Date of the transaction

27 January 2020

f)

Place of the transaction

Off exchange

 

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