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 |
45,395 |
21,237 |
2,295p |
451,067 |
1.69% |
Steve |
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 |
|
(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.