REG - Accesso Technology - Director/PDMR Shareholding

accesso TechnologyAnnouncement

21/06/2023 07:00

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RNS Number : 3637D  Accesso Technology Group PLC  21 June 2023

21 June 2023

 

accesso® Technology Group plc

 

("accesso", the "Company" or the "Group")

 

PDMR notification

 

accesso Technology Group plc (AIM: ACSO), the premier technology solutions
provider to leisure, entertainment and cultural markets, today announces that
on 20 June 2023, both Steve Brown (Chief Executive Officer) and Fern MacDonald
(Chief Financial Officer) have signed amendments to their employment
agreements. Both have entered into initial renewal terms ending on 30 June
2026.

 

The Company has also granted the following conditional share awards (the
"Awards") over ordinary shares of 1 penny each of the Company (the "Ordinary
Shares") to Steve Brown and Fern MacDonald as a long-term incentive plan
("LTIP") that incentivises them to deliver growth in both profitability and
shareholder value.

 

 Name            Number of Ordinary Shares subject to LTIP Award  Total number of conditional Shares held following the Award  Number of Ordinary Shares beneficially interested in  Approximate % of total Ordinary Shares beneficially interested in
 Steve Brown     469,424                                          1,051,991                                                    700,774                                               1.69%
 Fern MacDonald  69,544                                           313,635                                                      22,570                                                0.05%

 

These awards 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 certain financial and operational performance conditions. 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.

 

There is no intention to make further awards to Steve Brown in 2024 or 2025.
The Company has further committed that Fern MacDonald will, subject to
continued employment, receive similar awards in 2024 and 2025 which are no
less than the 2023 award. All awards will be capable of accelerated vesting
with the benefit of a tax gross-up in the event of a change of control of the
Company within certain parameters.

 

Bill Russell, accesso's Non-Executive Chairman, commented:

 

"I'm delighted that Steve and Fern have extended their commitments to Accesso.
The business is going from strength to strength under their leadership. They
are building a culture of innovation and customer-centricity that will sustain
the Group's success of the long-term, and they continue to have the Board's
full support as they execute their growth plan."

 

Steve Brown, accesso's CEO, commented:

 

"Fern and I are deeply committed to Accesso's long-term success, and our
extended employment agreements reflect our confidence in the Company's future
growth potential. We are energised by the task of pushing our business forward
with the help of our outstanding team, and remain squarely focused on
delivering the best possible technology solutions to our clients. Our purchase
of VGS, a leading ticketing and visitor management platform, moves us forward
significantly in this endeavour. The acquisition underpins our product roadmap
and presents a substantial opportunity to boost our global growth. We look
forward to getting started on the integration and continuing to create value
for all the Company's stakeholders".

 

For further information please contact:

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

 Steve Brown, Chief Executive Officer

 Fern MacDonald, Chief Financial Officer

 Numis Securities Limited                      +44 (0)20 7260 1000

 Simon Willis, Hugo Rubinstein

 Dentons Global Advisors                       +44 (0)20 7038 7419

Adam Davidson, Leah Dudley

 

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                                    Grant of conditional share awards made under the accesso technology group plc
                                                                  2019 Executive Incentive Plan
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  £0.00              469,424

 
 d)  Aggregated information:

     ·Aggregated volume                                           See 4c) above

     ·Price
 e)  Date of the transaction                                      20 June 2023
 f)  Place of the transaction                                     Outside of a trading venue
 1   Details of the person discharging managerial responsibilities / person closely
     associated
 a)  Name                                                         Ms Fern MacDonald
 2.  Reason for the Notification
 a)  Position/status                                              Chief Financial 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                                    Grant of conditional share awards made under the accesso technology group plc
                                                                  2019 Executive Incentive Plan
 c)  Price(s) and volume(s)                                       Exercise Price(s)  Volume(s)
                                                                  £0.00              69,544

 
 d)  Aggregated information:

     ·Aggregated volume                                           See 4c) above

     ·Price
 e)  Date of the transaction                                      20 June 2023
 f)  Place of the transaction                                     Outside of a trading venue

 

d)

Aggregated information:

·Aggregated volume

·Price

 

See 4c) above

e)

Date of the transaction

20 June 2023

f)

Place of the transaction

Outside of a trading venue

1

Details of the person discharging managerial responsibilities / person closely
associated

a)

Name

Ms Fern MacDonald

2.

Reason for the Notification

a)

Position/status

Chief Financial 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

Grant of conditional share awards made under the accesso technology group plc
2019 Executive Incentive Plan

c)

Price(s) and volume(s)

 Exercise Price(s)  Volume(s)
 £0.00              69,544

 

d)

Aggregated information:

·Aggregated volume

·Price

 

See 4c) above

e)

Date of the transaction

20 June 2023

f)

Place of the transaction

Outside of a trading venue

 

 

 

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