Investors

Last Updated 21 May 2018.

   

accesso Technology Group plc is an AIM (Alternative Investment Market) listed company (AIM: ACSO). We have active subsidiary companies in several countries including the USA and Canada and generate our revenue from ticketing, mobile and eCommerce technologies and virtual queuing solutions for the leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.

The Board of the Company is primarily responsible for the strategic direction of the Group and comprises the executive chairman, the three non-executive directors and two executive directors. The Board is satisfied that each of the non-executive directors have no relationships or other matters which could affect their respective judgment in carrying out their duties and, accordingly, they are considered by the Board to be independent of management.

accesso Technology Group plc is committed to high standards of corporate governance, and whilst the Company is not required to report on compliance with the UK Corporate Governance Code (“the Code”), the Board of Directors acknowledges the importance of the principles of the Code and also the recommendations of the Quoted Companies Alliance in its publication “Corporate Governance Guidelines for Smaller Quoted Companies” and seeks to apply them as appropriate to the Company given its nature and size.

The Company is subject to the UK City Code on Takeovers and Mergers.

This page provides access to the management and financial information required by Rule 26 of the AIM rules for companies.

Biographies of our senior management team are available on our Leadership Page and our non-executive directors biographies are available below.

Detailed proposal papers, management reports, a risk register, progress on key initiatives and routine matters such as financial reports and a statement on current trading are produced in advance of meetings to enable proper consideration and debate of matters by the Board in its meetings. Major strategic initiatives involving significant cost or perceived risk are only undertaken following their full evaluation by the Board. Matters of an operational nature are delegated to the executive management. The Board’s meetings are properly minuted.

The Board has appointed a remuneration committee consisting of independent non-executive directors John Weston, David Gammon and Karen Slatford, who chairs the committee. The committee takes regard of the return to the shareholders in its deliberations. It reviews the performance of the executive directors, sets their remuneration, considers the grant of options under any share option scheme and ensures that the executive directors are properly rewarded and motivated. In addition, they provide guidance on pay and conditions for other employees in the Group. The remuneration committee meets on an “as required” basis.

The Company has appointed an audit committee consisting of Karen Slatford, John Weston and David Gammon, who chairs its meetings. It is responsible for ensuring that appropriate financial reporting procedures are properly maintained with adequate reporting. They review the reports on the accounts of the Group’s auditors and ensure the Group operates appropriate internal controls. It also reviews the performance of the Group’s auditors to ensure an independent, objective, professional and cost-effective relationship is maintained. As well as reviewing the Company’s published financial results, the committee reviews the Group’s corporate governance processes, accounting policies and procedures, reporting to the Board on any control issues identified. The audit committee meets at least twice per year to review the interim and annual financial statements and to consider any other associated matters.

Board of Directors

Tom Burnet

Tom Burnet

Executive Chairman

Tom Burnet joined accesso as the Chief Executive Officer in late 2010. In his current position as Executive Chairman, he leads accesso’s medium and long-term growth plans.  He has particular responsibility for Group strategy, Investor Relations, and M&A activity. Tom was formerly Managing Director of a division of Serco Group plc, a global outsourcing company, overseeing the 5000 person Defense Services division.

During his career he has been involved in creating, growing and running several businesses and started his career as the UK’s youngest Army Officer. He also has an MBA from the University of Edinburgh.

He believes accesso can grow to become a billion-dollar business and a cornerstone of the attraction and leisure industry’s supply chain.

Paul Noland

Paul Noland

Chief Executive Officer

Paul Noland joined accesso as Chief Executive Officer in April 2018, guiding the company’s growth and day-to-day operations as it serves more than 1,000 venues in over 30 countries.

Noland has built an impressive resume as a leader in the international attractions and entertainment industries. Prior to joining accesso, Noland served as President and CEO of the International Association of Amusement Parks and Attractions (IAAPA) from 2013 to 2018, helping the organization continue its growth as the largest international trade association for amusement facilities and attractions worldwide. He also served for 16 years in senior executive roles with Walt Disney Parks and Resorts where he championed major growth initiatives across the company’s domestic theme parks and resorts and oversaw the financial planning, revenue management and pricing functions at Walt Disney World Resort. Prior to Disney, he spent more than a dozen years in leadership roles with Marriott International where he focused on optimizing revenue across the company’s then 900 hotels.

Noland earned a Master of Business Administration from the College of William and Mary in Williamsburg, Virginia, and a Bachelor of Science in Journalism and Speech Communication from Radford University in Radford, Virginia.

John Alder

John Alder

Chief Financial Officer

As Chief Financial Officer, John Alder is responsible for the leadership and direction in all areas of finance and accounting including financial planning and forecasting, and accessing capital to fund growth.

Alder is a Chartered Accountant who qualified with Coopers and Lybrand (PricewaterhouseCoopers). He subsequently held Finance Director and Controller positions in quoted and private pan-European businesses. Prior to joining accesso, Alder spent 4 years as European Controller and Interim Finance Director of private equity backed Palletways Group Limited, supporting the Continental European development of Europe’s largest and fastest growing palletized freight network business.

He was appointed Chief Financial Officer of the Company in August 2009.

David Gammon

David Gammon

Non-Executive Director

David Gammon has widespread experience in developing and building technology based businesses. Since 2001, Gammon has focused on finding, advising and investing in UK technology companies. Gammon founded Rockspring, an advisory and investment firm, which focuses on early stage technology companies and where Gammon continues as CEO today. Other current positions include a non-executive directorship at Frontier Developments plc and Group Strategic Advisor to Marshall of Cambridge (Holdings) Limited.

Previous experience includes non-executive director and advisor at artificial general intelligence company DeepMind Technologies Limited, advisor to Hawkwood Capital LLP, non-executive director at real time location technology specialist Ubisense Trading Limited, non-executive director at internet TV specialist Amino Technologies plc, non-executive director at smart metering and software company BGlobal plc and acting CFO at internet specialist Envisional Solutions Limited. Earlier in his career Gammon worked as an investment banker for over 15 years.

Gammon joined accesso in November 2010, is a member of the Remuneration Committee and Chair of the Audit Committee.

 

Karen Slatford

Karen Slatford

Non-Executive Director

Karen Slatford has significant experience of working in the global technology and business arenas, serving currently as Senior Independent Director at Micro Focus International plc.  Slatford has also served since 2009 as Chairman of The Foundry, a global software company and since 2013 as a non-executive director of Intelliflo, a SaaS based financial services software company. Between 1983 and 2001, Slatford worked at Hewlett Packard where, in 2000, she became Vice President and General Manager Worldwide Sales & Marketing for the Business Customer Organisation. She was responsible for sales of all Hewlett Packard’s products, services and software to business customers globally.

Slatford is a member of the Audit Committee and the Chair of accesso’s Renumeration Committee.

John Weston

John Weston

Senior Independent Director

John Weston is the former Chief Executive of British Aerospace and BAE Systems where he served from 1998 to 2002, when it was a £12.5 billion business employing more than 120,000.

Today, in addition to serving as Senior Independent Director for accesso, he also chairs: Windar Photonics, that manufactures laser sensing equipment for the wind energy sector.  

Weston joined accesso in May 2011 and serves as a member on both the Audit and Remuneration Committees for the company.

Regulatory Information

Shareholder Information

Total shares in issue as of 9 May 2018: 26,933,932

Shareholders holding in excess of 3% of issued share capital

Shareholders (as of 9 May 2018)
Shareholders (as of 9 May 2018) Shareholding Percent of Issued Share Capital
Hargreave Hale Limited
Hargreave Hale Limited Shareholding 2,957,618 Percent of Issued Share Capital 10.98%
Standard Life Investments
Standard Life Investments Shareholding 2,779,615 Percent of Issued Share Capital 10.32%
Blackrock Investment Mgt
Blackrock Investment Mgt Shareholding 2,526,565 Percent of Issued Share Capital 9.38%
Allianz Global Investors
Allianz Global Investors Shareholding 1,502,114 Percent of Issued Share Capital 5.58%
Kames Capital Plc
Kames Capital Plc Shareholding 1,006,580 Percent of Issued Share Capital 3.74%
Old Mutual Global Investors
Old Mutual Global Investors Shareholding 810,394 Percent of Issued Share Capital 3.01%
Mr. Leonard Sim
Mr. Leonard Sim Shareholding 804,635 Percent of Issued Share Capital 2.99%

Shares not in public hands (as of 9 May 2018)

Name
Name Shares Held Percent of Issued Share Capital
Lo-Q Employee Benefit Trust
Lo-Q Employee Benefit Trust Shares Held 200,000 Percent of Issued Share Capital 0.74%
Mr. John Weston
Mr. John Weston Shares Held 125,144 Percent of Issued Share Capital 0.46%
Mr. David Gammon
Mr. David Gammon Shares Held 48,000 Percent of Issued Share Capital 0.18%
Mr. John Alder
Mr. John Alder Shares Held 37,913 Percent of Issued Share Capital 0.14%
Mr. Tom Burnet
Mr. Tom Burnet Shares Held 24,158 Percent of Issued Share Capital 0.09%
Total
Total Shares Held 435,215 Percent of Issued Share Capital 1.61%

Advisors

For details of the investment opportunity with accesso Technology Group plc, please contact:

Nominated advisor and joint broker

Canaccord Genuity Ltd, 88 Wood Street London, EC2V 7QR

Tel: +44 (0)20 7523 8000

Joint Broker

Numis Securities Limited The London Stock Exchange Building 10 Paternoster Square, London EC4M 7LT

Tel: +44 (0)20 7260 1000

Registered Office

Unit 5, The Pavilions, Ruscombe Park, Twyford, Berks, RG10 9NN, UK

Tel: +44 (0)118 934 7400

Company Secretary

Martha Bruce, Bruce Wallace Associates Limited, 120 Pall Mall, London, SW1Y 5EA

Tel: +44 (0)788 437 8836

Financial Public Relations

FTI Consulting LLP, 200 Aldersgate Street, London, EC1A 4HD

Tel: +44 (0)207 831 3113

Auditors

KPMG LLP, Arlington Business Park, Theale, Reading, RG7 4SD

Registrars

SLC Registrars Limited, 42-50 Hersham Rd, Walton-on-Thames, Surrey, KT12 1RZ

Patents

accesso Passport®, Qbot, Qband and Qsmart rely on technology protected by the following patents in the U.S. and elsewhere:

5978770, 6529786, 6748364, 6813608, 6889900, 7046790, 7516148, 7895066, 8239231, 8396727, 8606605, 100349190, 0958553, 1024080, 3910638, 5149297, 2224183, 0958553, 1769467, 8779889.

In addition to the patents listed above, other patents are pending. This page is provided to satisfy the virtual patent marking provisions of various jurisdictions.