TIDMAXS

RNS Number : 6360U

Accsys Technologies PLC

24 November 2023

 
 
 
 

AIM: AXS

Euronext Amsterdam: AXS

24 November 2023

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

Notifiable Interest - De Engh B.V.

TR-1: S tandard form for notification of major holdings

 
 NOTIFICATION OF MAJOR HOLDINGS 
 1a. Identity of the issuer or the                                      Accsys Technologies plc 
  underlying issuer of existing shares 
  to which voting rights are attached 
  (ii) : 
                                                               ----------------------------------------- 
 1b. Please indicate if the issuer is a non-UK issuer (please mark 
  with an "X" if appropriate) 
 Non-UK issuer 
                                                               ----------------------------------------- 
 2. Reason for the notification (please mark the appropriate box or 
  boxes with an "X") 
 An acquisition or disposal of voting rights                                       X 
                                                               ----------------------------------------- 
 An acquisition or disposal of financial 
  instruments 
                                                               ----------------------------------------- 
 An event changing the breakdown of voting 
  rights 
                                                               ----------------------------------------- 
 Other (please specify)(iii) : 
                                                               ----------------------------------------- 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                           "Hoogh Blarick" B.V. 
 City and country of registered office                          Naarden, The Netherlands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                           De Engh B.V. 
                                                               ----------------------------------------- 
 City and country of registered office                          Naarden, the Netherlands 
  (if applicable) 
                                                               ----------------------------------------- 
 5. Date on which the threshold was                             21/11/2023 
  crossed or reached (vi) : 
                                                               ----------------------------------------- 
 6. Date on which issuer notified                               23/11/2023 
  (DD/MM/YYYY): 
                                                               ----------------------------------------- 
 7. Total positions of person(s) subject to the notification obligation 
                        % of voting       % of voting rights       Total of both      Total number 
                      rights attached      through financial        in % (8.A +        of voting 
                         to shares            instruments               8.B)           rights of 
                         (total of         (total of 8.B 1 +                           issuer (vii) 
                           8. A)                8.B 2) 
                     -----------------  ---------------------  --------------------  ------------------- 
 Resulting 
  situation 
  on the date 
  on which 
  threshold 
  was crossed 
  or reached             14.35000%              0.00%                14.35000%            34,343,727 
                     -----------------  ---------------------  --------------------  ------------------- 
 Position of 
  previous 
  notification 
  (if 
  applicable)            11.015000%               -                 11.015000% 
                     -----------------  ---------------------  --------------------  ------------------- 
 8. Notified details of the resulting situation on the date on which 
  the threshold was crossed or reached (viii) 
 A: Voting rights attached to shares 
 Class/type of             Number of voting rights (ix)         % of voting rights 
  shares 
  ISIN code (if 
  possible) 
                     ----------------------------------------  ----------------------------------------- 
                           Direct              Indirect               Direct               Indirect 
                           (Art 9        (Art 10 of Directive   (Art 9 of Directive         (Art 10 
                        of Directive         2004/109/EC)          2004/109/EC)          of Directive 
                        2004/109/EC)          (DTR5.2.1)             (DTR5.1)            2004/109/EC) 
                          (DTR5.1)                                                        (DTR5.2.1) 
                     -----------------  ---------------------  --------------------  ------------------- 
 GB00BQQFX454               34,343,727                                    14.35000% 
                     -----------------  ---------------------  --------------------  ------------------- 
 
 
 SUBTOTAL 8. 
  A                                                34,343,727                                  14.35000% 
                     ----------------------------------------  ----------------------------------------- 
                                      B 1: Financial Instruments according to Art. 13(1)(a) of Directive 
                                                                            2004/109/EC (DTR5.3.1.1 (a)) 
  Type of financial         Expiration              Exercise/   Number of voting      % of voting rights 
         instrument           date (x)             Conversion   rights that may 
                                                  Period (xi)   be acquired if 
                                                                the instrument 
                                                                is 
                                                                exercised/converted 
                     -----------------  ---------------------  --------------------  ------------------- 
 
 
 
                                                     SUBTOTAL 
                                                       8. B 1 
-------------------  -----------------  ---------------------  --------------------  ------------------- 
 B 2: Financial Instruments with similar economic effect according 
  to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
 Type of financial    Expiration         Exercise/              Physical or cash      Number of voting 
  instrument           date (x)           Conversion             settlement (xii)      rights 
                                          Period (xi) 
 
 
 
                                                     SUBTOTAL 
                                                        8.B.2 
                     -----------------  ---------------------  --------------------  ------------------- 
 
 9. Information in relation to the person subject to the notification 
  obligation (please mark the 
  applicable box with an "X") 
 Person subject to the notification obligation is not controlled                               X 
  by any natural person or legal entity and does not control any 
  other undertaking(s) holding directly or indirectly an interest 
  in the (underlying) issuer(xiii) 
 Full chain of controlled undertakings through which the voting 
  rights and/or the 
  financial instruments are effectively held starting with the ultimate 
  controlling natural person or legal entity(xiv) (please add additional 
  rows as necessary) 
     Name (xv)                  % of voting rights              % of voting rights      Total of both if 
                                  if it equals or                through financial      it equals or is 
                                 is higher than the               instruments if        higher than the 
                                notifiable threshold              it equals or is     notifiable threshold 
                                                                  higher than the 
                                                                    notifiable 
                                                                     threshold 
                     ----------------------------------------  --------------------  --------------------- 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder 
                                                               ------------------------------------------- 
 The number and % of voting rights 
  held 
                                                               ------------------------------------------- 
 The date until which the voting rights 
  will be held 
                                                               ------------------------------------------- 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   Amsterdam, The Netherlands 
 Date of completion    23 November 2023 
                      --------------------------- 
 
S

For further information, please contact:

 
 Accsys Technologies PLC                       ir@accsysplc.com 
  Katharine Rycroft, Investor Relations 
============================================  ======================= 
 Numis Securities (London) 
  Oliver Hardy (NOMAD), Ben Stoop               +44 (0) 20 7260 1000 
============================================  ======================= 
 
 ABN AMRO Bank N.V. (Amsterdam) 
  Julie Wakkie, Diederik Berend                  +31 20 628 5789 
============================================  ======================= 
 FTI Consulting (UK) 
  Matthew O'Keeffe, Alex Le May                 +44 (0) 20 3727 1340 
============================================  ======================= 
 Communications (NL) 
  Clemens Sassen, Tessa Nelissen, Huijskens 
  Sassen                                         +31 (0) 20 68 55 955 
--------------------------------------------  ----------------------- 
 

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 wood and Tricoya 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 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 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 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 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 wood elements ( www.tricoya.com ) are produced using Accsys' proprietary technology for the acetylation of wood chips and particles for use in the fabrication of panel products such as medium density fibreboard (MDF) and particle-board.

Panel products made with Tricoya 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 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 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, 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 trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya brand.

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