ACCESSO TECHNOLOGY GROUP PLC

Remuneration Information • Jun 21, 2023

National Storage Mechanism | Additional information

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 Steve Brown, Chief Executive Officer Fern MacDonald, Chief Financial Officer		+44 (0)118 934 7400
Numis Securities Limited  Simon Willis, Hugo Rubinstein		+44 (0)20 7260 1000
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

·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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