REG - Accesso Technology - Director/PDMR Shareholding

accesso TechnologyAnnouncement

29/03/2018 17:40

RNS Number : 5021J
Accesso Technology Group PLC
29 March 2018
 

 
29 March 2018
 
 
 
accesso® Technology Group plc
 
("accesso" or the "Company")
 
PDMR Dealing Notification
 
accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, hospitality, attractions and cultural markets, announces that on 28 March 2018, the awards granted under the Company's 2014 long term incentive plan ("LTIP"), USA employees non-approved share scheme (the "USA Scheme") and the Lo-Q director's non-approved share scheme (the "Lo-Q Scheme") vested.
 
Following the vesting on 28 March 2018, the directors of the Company exercising their LTIP awards subsequently sold a proportion of these shares on 29 March 2018 to satisfy certain tax liabilities arising on vesting; David Gammon sold all the shares he acquired on exercise; and John Alder sold further shares acquired through the USA Scheme to cover the exercise price of the options. In each case the shares were sold at a price of 2,295 pence per ordinary share of 1 pence each in the Company ("Ordinary Shares").
 
The following sets out the Ordinary Shares that vested on 28 March 2018, the number of Ordinary Shares sold on 29 March 2018 and, following such sales, the respective beneficial holdings in the Company to which the voting rights are attached for each of the persons listed below:
 
 




Name


Number of LTIP, USA Scheme & Lo-Q Scheme options vested into Ordinary Shares


Number of Ordinary Shares sold


Average sale price of Ordinary Shares


Number of Ordinary Shares beneficially interested in post sale


Approximate % of total shareholding beneficially interested in
post sale




Tom

Burnet


45,395


21,237


2,295p


451,067


1.69%




Steve

Brown


32,027


12,598


2,295p


653,345


2.44%




John
Alder


129,818


63,267


2,295p


73,163


0.27%




David Gammon


40,000


40,000


2,295p


48,000


0.18%




 
Post the exercise of options over Ordinary Shares, the Company's issued share capital consists of 26,739,503 Ordinary Shares with voting rights. Each Ordinary Share carries the right to one vote. The Company does not hold any shares in Treasury.
 
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 the financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Exercise of options over Ordinary Shares from 2014 Long Term Incentive Plan




(c)


Price(s) and volume(s)


Price(s)
1 pence


Volume(s) 
45,395




(d)


Aggregated information
-     Aggregated volume
-     Price 


N/A




(e)


Date and time of the transaction


28 March 2018




(f)


Place of the transaction


Outside a trading venue




 




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 the financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Sale of Ordinary Shares




(c)


Price(s) and volume(s)


Price(s)
2,295 pence


Volume(s) 
21,237




(d)


Aggregated information
-     Aggregated volume
-     Price 


 
N/A




(e)


Date and time of the transaction


29 March 2018




(f)


Place of the transaction


AIM, London Stock Exchange




 




1.   Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


STEVE BROWN




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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Exercise of options over Ordinary Shares from 2014 Long Term Incentive Plan




(c)


Price(s) and volume(s)


Price(s)
1 pence


Volume(s) 
32,027




(d)


Aggregated information
-     Aggregated volume
-     Price


 
N/A




(e)


Date and time of the transaction


28 March 2018




(f)


Place of the transaction


Outside a trading venue




 




1.   Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


STEVE BROWN




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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Sale of Ordinary Shares




(c)


Price(s) and volume(s)


Price(s)
2,295 pence


Volume(s) 
12,598




(d)


Aggregated information
-     Aggregated volume
-     Price


 
N/A




(e)


Date and time of the transaction


29 March 2018




(f)


Place of the transaction


AIM, London Stock Exchange




 
 




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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Exercise of options over Ordinary Shares from 2014 Long Term Incentive Plan

&

Exercise of options over Ordinary Shares from USA Employees non-Approved Share Scheme




(c)


Price(s) and volume(s)


Price(s)
1 pence
156 pence


Volume(s) 
29,818
100,000




(d)


Aggregated information
-     Aggregated volume
-     Price


 
129,818
120.39 pence




(e)


Date and time of the transaction


28 March 2018




(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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Sale of Ordinary Shares




(c)


Price(s) and volume(s)


Price(s)
2,295 pence


Volume(s) 
63,267
 




(d)


Aggregated information
-     Aggregated volume
-     Price


 
63,267
2,295 pence
 




(e)


Date and time of the transaction


29 March 2018




(f)


Place of the transaction


AIM, London Stock Exchange




 
 




1.   Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


DAVID GAMMON




Reason for the notification




(a)


Position/status


NON-EXECUTIVE DIRECTOR




(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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Exercise of options over Ordinary Shares from Lo-Q Director's non-Approved Share Scheme




(c)


Price(s) and volume(s)


Price(s)
156 pence


Volume(s) 
40,000




(d)


Aggregated information
-     Aggregated volume
-     Price


 
N/A




(e)


Date and time of the transaction


28 March 2018




(f)


Place of the transaction


Outside a trading venue




 
 




1.   Details of the person discharging managerial responsibilities/person closely associated




(a)


Name


DAVID GAMMON




Reason for the notification




(a)


Position/status


NON-EXECUTIVE DIRECTOR




(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 financial instrument, type of instrument
 
Identification code
 


ORDINARY SHARES OF 1 PENCE EACH
 
 
ISIN: GB0001771426




(b)


Nature of the transaction


Sale of Ordinary Shares




(c)


Price(s) and volume(s)


Price(s)
2,295 pence


Volume(s) 
40,000




(d)


Aggregated information
-     Aggregated volume
-     Price


 
N/A




(e)


Date and time of the transaction


29 March 2018




(f)


Place of the transaction


AIM, London Stock Exchange




 




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


+4 (0)20 7523 8000




Simon Bridges, Martin Davison, Richard Andrews
 




Numis Securities Limited


+44 (0)20 7260 1000




Simon Willis, Mark Lander
 




 
About accesso® 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.
 
As the premier technology solutions provider to leisure, entertainment, cultural, hospitality and health care markets, accesso's commitment to improving the guest experience and helping our clients increase revenue is the core of our business. 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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