Business
Board Changes
Board Changes.
About this update from Accesso Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 9321A Accesso Technology Group PLC 27 January 2020 \n\nThe information communicated in this announcement is inside information for the purposes of Article 7 of the Market Abuse Regulation 596/2014.\n \n 27 January 2020\n \naccesso® Technology Group plc\n \n(\"accesso\" or the \"Company\")\n \nBoard Changes\n \naccesso Technology Group plc (AIM: ASCO), the premier technology solutions provider to leisure, entertainment, hospitality, attractions and cultural markets, is pleased to announce that further to the announcement made on 23 January 2020, Steve Brown has now been appointed as the new Chief Executive Officer and a Director of the Company, with immediate effect. \n \nThe Company also confirms that Paul Noland has now resigned as Chief Executive Officer and steps down from his role on the accesso Board concurrently with Steve's appointment.\n \nLTIP Award:\nAs part of Steve's appointment to the Board of accesso, the Board has agreed to issue up to 582,567 nil cost options over ordinary shares of 1 pence each in the Company (\"Ordinary Shares\") as a long-term incentive plan (\"LTIP\") that appropriately incentivises him for delivering growth and shareholder value. \n \nThe LTIP will require Steve to remain in employment with the Company at the date of exercise and will be subject to certain financial and operational performance conditions, measured over the period to 31 December 2022. There is no intention to make further awards to him during this period. \n \nPost the LTIP award, Steve holds an interest in the Company of 316,774 Ordinary Shares and 582,567 options over Ordinary Shares.\n \nThe information required by Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies in relation to the appointment of Steve Brown (aged 51) is as follows:\nCurrent directorships:\n\n\n\n\nDate Appointed\n\n\nCompany Name\n\n\nPosition\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nNovember 2010\n\n\nResilient Holdings, LLC\n\n\nMember\n\n\n\n\nMarch 2013\n\n\nCouncil Properties of Lakeland, LLC\n\n\nMember\n\n\n\n\nMarch 2013\n\n\nSLS Properties of Lakeland, LLC\n\n\nMember\n\n\n\n\nMay 2013\n\n\nResilient Properties, LLC\n\n\nManaging Member\n\n\n\n\nOctober 2016\n\n\nResilient Properties Winter Park, LLC\n\n\nManaging Member\n\n\n\n\nNovember ...