AIM: AXS
Euronext Amsterdam: AXS
27 November
2024
Accsys Technologies PLC
("Accsys", the "Group" or
the "Company")
Director LTIP Award
Accsys, the world's leading supplier
of premium, high performance and sustainable wood building
materials, today announces that Sameet Vohra, Chief Financial
Officer, has been granted an LTIP award in accordance with the
terms of the Company's Long-Term Incentive Plan (LTIP)
rules.
The LTIP award is nil priced options
over a total of 401,516 Ordinary
Shares.
The awards will vest three years
after grant, subject to the terms of the LTIP Rules, including
continued employment of the beneficiary by the Company and
satisfaction of performance targets. Information in relation to the
performance conditions will be contained in
the Directors' Remuneration Report for the year ended 31 March
2025. A two-year holding period applies to this award.
The
Company makes the following disclosures in accordance with article
19(3) of the Market Abuse Regulation:
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
Sameet Vohra
|
|
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
|
Accsys Technologies PLC
|
|
b)
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
Identification code
|
Options over Ordinary Shares of
€0.05 each
GB00BQQFX454
|
|
b)
|
Nature of the transaction
|
Grant of Options
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
401,516
|
|
|
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
n/a
|
|
e)
|
Date of the transaction
|
27 November 2024
|
|
f)
|
Place of the transaction
|
n/a
|
Ends
For
further information, please contact:
|
Accsys Technologies PLC
Investor Relations
|
IR@accsysplc.com
|
|
Deutsche Numis (London)
Oliver Hardy (NOMAD), Ben
Stoop
|
+44 (0) 20 7260 1000
|
|
ABN
Amro (Amsterdam)
Dennis van Helmond
|
+31 20 344 2000
|
|
Huijskens Sassen Communications (The Netherlands)
Clemens Sassen
|
+31 20 685 5955
|
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 Accoya wood and Tricoya
wood elements: 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 an up to 50-year warranty, locking carbon
stored in the wood into useful products for decades, with
performance characteristics that match or better those of
non-renewable, resource-depleting and polluting alternatives.
Accsys is listed on the London Stock Exchange AIM market and on
Euronext Amsterdam, under the symbols 'AXS'. Visit www.accsysplc.com
Accoya solid
wood is sustainable, durable, and stable 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. It is
one of very few building materials to be Cradle to Cradle
Certified™ 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. Primary applications
for Accoya wood include windows, doors, cladding and decking, where
the combination of performance and sustainability benefits compete
favorably against hardwoods, plastics, metals and concrete. Visit
www.accoya.com
Tricoya
acetylated wood elements are produced for use in the fabrication of
panel products such as medium density fibreboard (MDF). Panel
products made with Tricoya wood elements are truly durable and
stable enough for use outdoors and in wet environments, unlocking
new possibilities for design and construction. They have been
lauded as the first major innovation in the wood composites
industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a
whole new range of applications. Visit www.tricoya.com
Any references in this announcement to agreements
with Accsys shall mean agreements with either Accsys or its
subsidiary entities unless otherwise specified. 'Accsys' and
'Accsys Technologies' are trading names of Titan Wood Limited
("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC.
Accoya, Tricoya 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 registered brand
trademark, from Tricoya Technologies Limited, a subsidiary of TWL
with exclusive rights to exploit the Tricoya brand.
