Directors' Dealings

RNS Number : 0346E

Accesso Technology Group PLC

04 April 2014

 



4 April 2014

accesso^® Technology Group plc

("accesso" or the "Company")

Directors' Dealings

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the global attractions and leisure industry, announces that on 3 April 2014 Mr Tom Burnet, Chief Executive Officer of the Company, exercised options over 110,000 Ordinary Shares of 1 pence each ("Ordinary Shares") under the EMI Scheme at an exercise price of 102.5p per Ordinary Share.

Following this exercise and in response to significant institutional demand, Mr Burnet sold 110,000 Ordinary Shares at a price of 690.0p per Ordinary Share on 3 April 2014. Following this sale, Mr Burnet holds 853,818 Ordinary Shares in joint ownership with the Lo-Q Employee Benefit Trust, representing approximately 4.2% of the issued share capital.

The Company today also announces that on 3 April 2014 Mr Steven Brown, Chief Operating Officer of the Company, sold 590,000 Ordinary Shares at a price of 690.0p per Ordinary Share.

Following the acquisition of accesso LLC in December 2012 (the "Acquisition"), Mr Brown, who owned 100% of the equity in accesso LLC, held a total of 1,723,916 Ordinary Shares as part of the initial stock consideration in respect of the Acquisition ("Initial Stock Consideration"). 483,176 Ordinary Shares of the Initial Stock Consideration were subject to lock-up restrictions for 36 months following completion. Of the remaining 1,240,740 Ordinary Shares of the Initial Stock Consideration, 50%, being 620,370 Ordinary Shares, were subject to lock-up restrictions for 12 months following completion. As these 620,370 Ordinary Shares are now free from the lock-up restrictions, Mr Brown elected to sell some of these shares as part of his portfolio planning.

Consequently, Mr Brown holds 1,133,916 Ordinary Shares, representing approximately 5.6% of the issued share capital.

Following the issue of these new Ordinary Shares in respect of Mr Burnet's option exercise, the issued share capital is 20,315,011 Ordinary Shares.

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Lucy Delaney, Jessica Liebmann
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan, Brendan Gulston

accesso^® Technology Group: about us

accesso (AIM: ACSO) is the premier technology solutions provider to the global attractions and leisure industry. Our patented and award-winning solutions drive increased revenue for attraction operators by significantly improving the most important part of an attraction visit: the guest experience.  Our solutions add value to operators at every point in the guest journey:

·      We drive attendance

The accesso Passport^® ticketing suite is a comprehensive, easy-to-use cloud solution that processes many millions of ticket and season passes every year, enabling operators to maximise 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 over nine million guests have used a patented accesso LoQueue^SM solution to queue less, ride more, enjoy a better experience and increase their in-attraction spend.

·      We simplify point-of-sale

We offer a comprehensive point-of-sale solution through software modules combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into in a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided more than 2.75 million people with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

Over 400 attractions worldwide currently employ accesso technology - from theme parks, to water parks, cultural attractions and sporting events 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 

 

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