Business
Grant of Awards to Directors under the LTIP
Grant of Awards to Directors under the LTIP.
About this update from Accesso Technology Group Plc
[{"type":"text","content":"\n \nRNS Number : 9339Y Accesso Technology Group PLC 14 May 2019 \n\n \n14 May 2019\n \n \naccesso® Technology Group plc\n \n(\"accesso\" or the \"Company\")\n \nGrant of Awards to Directors under the Long Term Incentive Plan\n \naccesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment, hospitality, attractions and cultural markets, today announces that on 13 May 2019, the Company granted the following conditional share awards (the \"Awards\") over ordinary shares of 1 penny each of the Company (the \"Ordinary Shares\") to Paul Noland (Chief Executive Officer) and John Alder (Chief Financial Officer) under the accesso Technology Group 2014 Long Term Incentive Plan (\"LTIP\"), approved by shareholders on 23 May 2017.\n \n\n\n\nName\n\n\nNumber of Ordinary Shares subject to LTIP Award\n \n\n\nTotal number of conditional Shares held following the Award\n\n\nNumber of Ordinary Shares beneficially interested in\n\n\nApproximate % of total Ordinary Shares beneficially interested in\n\n\n\n\n \nPaul Noland\n \n\n\n \n82,999\n\n\n \n115,027\n\n\n \n6,000\n\n\n \n0.02%\n\n\n\n\n \nJohn Alder\n \n\n\n \n46,605\n\n\n \n121,644\n\n\n \n60,540\n\n\n \n0.22%\n\n\n\n \nThe Awards are granted using a share price of £8.52 per Ordinary Share, being the average closing price of the Ordinary Shares over the 30 days to 10 May 2019. This award is consistent with previous annual awards to certain Directors of the Company under the LTIP and will vest three years from this date, with a requirement that the Ordinary Shares be held for a further six months thereafter.\n \nThe Awards are subject to the attainment of certain stretching performance conditions relating to the achievement of relative share price growth and achievement of adjusted earnings per share targets, which must be met on the conclusion of the vesting period.\n \nNo 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.\n \nNotification of Transactions of Directors/Persons Discharging Managerial Responsibility and Persons Closely Associated with them\n \n\n\n\n1. &...