TIDMAXS
RNS Number : 7516C
Accsys Technologies PLC
22 June 2021
AIM: AXS
Euronext Amsterdam: AXS
22 June 2021
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Issuance of Shares and Director Interests
Accsys, the fast-growing and eco-friendly company that combines
chemistry and technology to create high performance, sustainable
wood building products announces the issue of 318,346 new ordinary
shares of EUR0.05 each in the Company ("Shares") to the Company's
Employee Benefit Trust ("EBT") the beneficiaries of which are the
Executive Finance Director, William Rudge, and the Company
Secretary.
These Shares have been conditionally issued and allotted
following the vesting in August 2016 and exercise today by William
Rudge and the Company Secretary of nil cost options over 159,173
Shares each, granted in 2013 under the Company's 2013 Long Term
Incentive Plan. Following instructions, the EBT has today sold a
total of 76,557 Shares at an average price of GBP1.67 per Share on
behalf of William Rudge in order to satisfy Mr Rudge's tax
liabilities arising from the exercise.
The 318,346 Shares are expected to be admitted to trading on AIM
and Euronext Amsterdam on 24 June 2021. The Company does not hold
any shares in treasury. Therefore, the total voting rights in the
Company following the issue of the Shares will be 192,066,853.
Following the issue of the Shares, this figure may be used by
shareholders as the denominator for the calculations by which they
may determine if they are required to notify their interest in, or
a change to their interest in, the Company's securities under the
FCA's Disclosure Guidance and Transparency Rules.
The following notifications are made under article 19 of the
Market Abuse Regulation ("MAR") relating to certain transactions by
William Rudge, as a person discharging managerial responsibilities
("PDMR") in the Shares of the Company.
1. Details of the person discharging managerial responsibilities / person closely associated
Name William Rudge
------------------------------------------------ --------------------------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------------------------------------
Position/Status Finance Director
------------------------------------------------ --------------------------------------------------------------
Initial notification/amendment Initial notification
------------------------------------------------ --------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
Name Accsys Technologies plc
------------------------------------------------ --------------------------------------------------------------
LEI 213800HKRFK8PNUNV581
------------------------------------------------ --------------------------------------------------------------
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
----------------------------------------------------------------------------------------------------------------
Description of the Financial instrument, type Ordinary shares of EUR0.05 each in Accsys Technologies plc
of instrument
------------------------------------------------ --------------------------------------------------------------
Identification code GB00BQQFX454
------------------------------------------------ --------------------------------------------------------------
Nature of the Transaction Interest in Shares following Exercise of Options
------------------------------------------------ --------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------ ------------------------------- -----------------------------
Nil 159,173
------------------------------------------------------------------------------------- -----------------------------
Aggregated information: N/A
Aggregated volume
Price
------------------------------------------------ --------------------------------------------------------------
Date of the transaction 22 June 2021
------------------------------------------------ --------------------------------------------------------------
Place of the transaction London Stock Exchange (XLON); AIM Market
------------------------------------------------ --------------------------------------------------------------
Description of the Financial instrument, type Ordinary shares of EUR0.05 each in Accsys Technologies plc
of instrument
------------------------------------------------ --------------------------------------------------------------
Identification code GB00BQQFX454
------------------------------------------------ --------------------------------------------------------------
Nature of the Transaction Disposal of Shares
------------------------------------------------ --------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------ ------------------------------- -----------------------------
GBP1.67 76,557
------------------------------------------------------------------------------------- -----------------------------
Aggregated information: N/A
Aggregated volume
Price
------------------------------------------------ -------------------------------------------------------------------
Date of the transaction 22 June 2021
------------------------------------------------ -------------------------------------------------------------------
Place of the transaction London Stock Exchange (XLON); AIM Market
------------------------------------------------ -------------------------------------------------------------------
Ends
For further information, please contact:
Investors: Accsys Technologies PLC ir@accsysplc.com
Sarah Ogilvie, Investor Relations
========================================= ======================
Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000
========================================= ======================
Investec Bank plc (London)
Carlton Nelson, Alex Wright +44 (0) 20 7597 5970
ABN Amro (Amsterdam)
Richard van Etten, Geertje Cornelissen +31 20 344 2000
========================================= ======================
Media:
========================================= ======================
FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340
========================================= ======================
Off the Grid (The Netherlands)
Frank Neervoort, Yvonne Derske +31 681 734 236
========================================= ======================
Notes to editors:
Accsys (Accsys Technologies PLC) is a fast-growing business with
a purpose: changing wood to change the world. The company combines
chemistry, technology and ingenuity to make high performance wood
products that are extremely durable and stable, opening new
opportunities for the built environment and giving the world a
choice to build sustainably.
Accsys transforms fast-growing, certified sustainable wood into
building materials with characteristics that match or better those
of man-made, intensely resource-depleting and heavily
carbon-polluting alternatives.
The company's primary focus is on the production of Accoya (R)
wood and Tricoya (R) wood elements, as well as technology licensing
via its subsidiaries Titan Wood Limited and Tricoya Technologies
Limited. Accsys has its head office in London, UK, production
operations in Arnhem, the Netherlands, an American office in
Dallas, Texas, and is constructing the world's first Tricoya (R)
plant in Hull, UK.
Accsys is committed to a more sustainable world and uses
abundantly available wood sources that are certified as
sustainable. With our business model already aligned with several
UN Sustainable Development Goals, Accsys is currently working on
identifying further strategic ESG priorities to have an even
greater positive impact on the world.
Any references in this announcement to agreements with Accsys
shall mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. Accsys Technologies PLC is listed on
the London Stock Exchange AIM market and on Euronext Amsterdam,
under the symbols 'AXS'.
More information about Accsys can be found at
www.accsysplc.com
Accoya (R) wood is a sustainable, durable and stable solid wood
product with exceptional performance, finish and sustainability.
Accsys' proprietary acetylation process makes the wood more
dimensionally stable and, because it is no longer easily
digestible, extremely durable. Produced from certified (e.g. FSC
(R) ) sustainable sources, Accoya (R) wood has many environmental
credentials and ecolabels, and is one of very few building
materials to be Cradle to Cradle Certified(TM) at the Gold level,
with a Platinum rating for Material Health, confirming that no
harmful or toxic additives or chemicals are present to leach out
into the environment.
With an up to 50 year warranty and 70+ year service life, the
combination of sustainability, dimensional stability, durability
and retained strength means that Accoya (R) wood offers a wealth of
new opportunities to architects, designers, specifiers,
manufacturers and homeowners. These benefits result in lower
maintenance and total cost of ownership while also offering
significant sustainability benefits. For more information about
Accoya (R) wood, visit www.accoya.com .
Tricoya (R) acetylated wood elements ( www.tricoya.com ) are
produced for use in the fabrication of panel products such as
medium density fibreboard (MDF).
Panel products made with Tricoya (R) wood elements are truly
durable and stable enough for use outdoors and in wet environments.
Combining the sustainability, durability and stability from our
acetylation process with the ease of use and quality finish of wood
panel products, the enhanced durability and dimensional stability
opens new opportunities for the use of these products, making them
suitable in applications and environments that previously required
solid wood, synthetic or unsustainable materials.
Tricoya (R) wood elements have been lauded as the first major
innovation in the wood composites industry in more than 30 years.
For more information about Tricoya (R) wood elements, visit
www.tricoya.com.
Wood acetylation is a process which increases the naturally
occurring acetyl content of wood, thereby changing its physical
properties. When carried out to a sufficient degree throughout the
wood, as with Accsys' proprietary process, it significantly reduces
the ability of the wood to absorb water without adding any toxic or
harmful compounds, elements or substances that were not already
present in the wood. This makes it much more dimensionally stable
and, because it is no longer easily digestible to most organisms,
extremely durable.
'Accsys' and 'Accsys Technologies' are trading names of Titan
Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys
Technologies PLC. Accoya (R) , Tricoya (R) and the Trimarque Device
are registered trademarks owned by TWL, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya (R) registered trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the
Tricoya (R) brand.
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END
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