Notifiable Interest (8902A)
February 08 2011 - 11:00AM
UK Regulatory
TIDMAXS
RNS Number : 8902A
Accsys Technologies PLC
08 February 2011
Regulatory Announcement
Company Accsys Technologies PLC
TIDM AXS
Headline Notifiable Interest
Released 8 February 2011
Number
AIM: AXS
NYSE Euronext Amsterdam: AXS
8 February 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 8 February 2011:
For filings with issuer exclude the
annex
For filings with the FSA include the
annex
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the
underlying issuer of existing shares
to which voting rights are attached: ACCSYS TECHNOLOGIES
-------------------------------------- ----------------------------------
2. Reason for the notification
(please tick the appropriate box or
boxes)
-------------------------------------- ----------------------------------
An acquisition or disposal of voting
rights X
-------------------------------------- ----------------------------------
An acquisition or disposal of
financial instruments which may
result in the acquisition of shares
already issued to which voting rights
are attached
-------------------------------------- ----------------------------------
An event changing the breakdown of
voting rights
-------------------------------------- ----------------------------------
Other (please specify): ___________
-------------------------------------- ----------------------------------
3. Full name of person(s) subject
to the notification obligation: Ignis Investment Services Limited
-------------------------------------- ----------------------------------
4. Full name of shareholder(s)
(if different from 3.):
-------------------------------------- ----------------------------------
5. Date of the transaction and
date on which the threshold is
crossed or reached if different: 07/02/2011
-------------------------------------- ----------------------------------
6. Date on which issuer notified: 08/02/2011
-------------------------------------- ----------------------------------
7. Threshold(s) that is/are crossed
or reached: 3%
-------------------------------------- ----------------------------------
8.Notified details: Nominee holdings
---------------------------------------------------------------------------------------
A: Voting rights attached to shares
---------------------------------------------------------------------------------------
Class/type
of shares
if possible Situation previous
using the to the triggering Resulting situation after the triggering
ISIN CODE transaction transaction
------------ ----------------------- ------------------------------------------------
Number Number
Number of of Voting of Number of voting % of voting
Shares Rights shares rights rights
------------ ---------- ----------- ------- ------------------- ------------------
Direct Direct Indirect Direct Indirect
------------ ---------- ----------- ------- ------- ---------- ------- ---------
B0LMC53 3,963,555 1.97% 6,108,555 3.05%
------------ ---------- ----------- ------- ------- ---------- ------- ---------
B: Financial Instruments
-----------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Conversion Number of voting % of voting
financial date Period/ Date rights that may rights
instrument be acquired if
the instrument
is exercised/
converted.
------------- ------------- -------------------------- ----------------------- ------------
C: Financial Instruments with similar economic effect to Qualifying
Financial Instruments
-----------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of % of voting rights
financial price Date Conversion voting
instrument period rights
instrument
refers to
----------- ------------- ------------- ----------- ------------- ------------------------
Nominal Delta
----------- ------------- ------------- ----------- ------------- ---------- ------------
Total (A+B+C)
------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------ ----------------------------
6,108,555.00 3.05%
------------------------ ----------------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held,
if applicable:
---------------------------------------------------------------
Pearl Group Limited
Impala Holdings Limited
Pearl Group Holdings (No1) Ltd
Ignis Asset Management Ltd
Ignis Investment Services Ltd
Vidacos Nominees Ltd (6,108,555.00 3.05%)
---------------------------------------------------------------
Proxy Voting:
------------------------------------------
10. Name of the proxy holder:
------------------------------------------
11. Number of voting rights proxy holder
will cease to hold:
------------------------------------------
12. Date on which proxy holder will cease
to hold voting rights:
------------------------------------------
Percentage calculation based on Issued
13. Additional information: Share Capital of 200,602,528
------------------------------- ---------------------------------------
14. Contact name: Jean Birrell
------------------------------- ---------------------------------------
15. Contact telephone number: 0141 222 8226
------------------------------- ---------------------------------------
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Citigate Dewe
PLC Hans Pauli, CFO Rogerson
Stephen Mischler
Matrix Corporate Capital Nick Stone
LLP Edmund Glover +44 20 3206 7000
Numis Securities Limited Christopher Wilkinson +44 20 7260 1347
Simon Blank +44 20 7260 1409
Citigate Dewe Rogerson Ginny Pulbrook +44 20 7282 2945
Malcolm Robertson +44 20 7282 2867
Suzanne Bakker +31 20 575 4023
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is an environmental
science and technology company whose primary focus is on the
production of Accoya(R) wood and technology licensing via its 100%
owned subsidiary, Titan Wood Limited, which has manufacturing
operations in Arnhem, the Netherlands, a European office in London
and an Americas office in Dallas, Texas. Accsys Technologies'
operations comprise three principal business units: (i) the
Accoya(R) wood production facility located in Arnhem, The
Netherlands; (ii) technology development, focused on a programme of
continuous improvements to the process engineering and operating
protocols for the acetylation of wood which are currently under
development and the development of technology for the acetylation
of wood fibre; and (iii) the licensing of technology for the
production of Accoya(R) wood and Tricoya(R) wood elements across
the globe.
Accoya(R) Wood (www.accoya.info) is produced by using a
proprietary, non-toxic process that effectively converts
sustainably grown softwoods and non-durable hardwoods into what is
best described as a "high technology wood" via acetylation.
Distinguished by its durability, dimensional stability and, perhaps
most importantly of all, its reliability (in terms of consistency
of both supply and quality), Accoya(R) wood is particularly suited
to exterior applications where performance and appearance are
valued. Unlike most woods, its colour does not degrade when exposed
to sunlight. Moreover, the Accoya(R) wood production process does
not compromise the wood's strength or machinability. The
combination of UV resistance, dimensional stability, increased
coatings life, durability and retained strength means that
Accoya(R) wood offers a wealth of new opportunities to architects,
designers and specifiers. Leading applications include external
doors and windows, shutters/shading, siding and cladding, decking,
outdoor furniture/equipment and glulam beams for structural
use.
Tricoya(R) Wood Elements (www.tricoya.com) is Accsys
Technologies' proprietary technology for the acetylation of wood
fibres, chips, and particles for use in the fabrication of wood
based composites, including panel products. These composites
demonstrate enhanced durability and dimensional stability which
allow them to be used in a variety of applications which were once
limited to solid wood or man-made products. Tricoya(R) Wood
Elements is lauded as the first major innovation in the wood
composites industry in more than 30 years.
Wood Acetylation is a process, which increases the amount of
'acetyl' molecules in wood, thereby changing its physical
properties. The environmentally responsible process protects wood
from rot by making it "inedible" to most micro-organisms and
insects, without - unlike conventional treatments - making it
toxic. It also greatly reduces the wood's tendency to swell and
shrink, making it less prone to cracking and ensuring that, when
painted, it requires dramatically reduced maintenance. Acetylated
wood's increased durability offers major carbon sequestration
advantages, compared to other woods and man-made building materials
such as steel, vinyl, and plastic.
Wood Composites include a range of derivative wood products
which are manufactured by binding together the strands, particles,
fibres, or veneers of wood together with adhesives to form
composite materials. These products are engineered to precise
design specifications which are tested to meet national or
international standards.
Accsys Technologies is the trading name of Titan Wood Limited.
ACCOYA(R) TRICOYA(R) and the Trimarque Device are registered
trademarks owned by Titan Wood Limited and may not be used or
reproduced without written permission.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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