Notifiable Interest (7532B)
February 23 2011 - 12:30PM
UK Regulatory
TIDMAXS TIDMLGEN
RNS Number : 7532B
Accsys Technologies PLC
23 February 2011
Regulatory Announcement
Company Accsys Technologies PLC
TIDM AXS
Headline Notifiable Interest
Released 23 February 2011
Number
AIM: AXS
NYSE Euronext Amsterdam: AXS
23 February 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 23 February 2011:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
------------------------------------------------------------------------------
1. Identity of the issuer or the Accsys Technologies PLC
underlying issuer of existing shares to
which voting rights are attached:
----------------------------------------- -----------------------------------
2. Reason for the notification (please tick the appropriate box or boxes):
------------------------------------------------------------------------------
An acquisition or disposal of voting rights Yes
-------------------------------------------------------------------- --------
An acquisition or disposal of qualifying financial instruments
which may result in the acquisition of shares already issued to
which voting rights are attached.
-------------------------------------------------------------------- --------
An acquisition or disposal of instruments with similar economic
effect to qualifying financial instruments
-------------------------------------------------------------------- --------
An event changing the breakdown of voting rights Yes
-------------------------------------------------------------------- --------
Other (please
specify):
-------------- ---------------------------------------------------- --------
3. Full name of person(s) subject Legal & General Group Plc (L&G)
to the
notification obligation:
---------------------------------- ------------------------------------------
4. Full name of shareholder(s) Legal & General Assurance Society Limited
(if different from 3.): (LGAS & LGPL)
---------------------------------- ------------------------------------------
5. Date of the transaction and 22 February 2011
date on which the threshold is
crossed or reached:
---------------------------------- ------------------------------------------
6. Date on which issuer notified: 23 February 2011
---------------------------------- ------------------------------------------
7. Threshold(s) that is/are L&G (Above 3%)
crossed or reached:
---------------------------------- ------------------------------------------
8. Notified details:
---------------------------------------------------------------------------------------------------------------------
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 of
of Voting Number Number of voting
Shares Rights of shares rights % of voting rights
----------- ---------------- ---------------- ------------- ------------------------ ---------------------------
Direct Indirect Direct Indirect
----------- ---- -------- ----- --------- ----------- ------------- --------- ----------- --------------
Below 3%
(As on First notification
ORD under DTR Source
EUR0.01 Book) 12,967,574 12,967,574 3.21%
----------- ---------------------------------- ------------- ------------- --------- ----------- --------------
B: Qualifying Financial Instruments
---------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------
Number of voting
rights that may
be
acquired if the
Type of financial Expiration Exercise/ instrument is % of voting
instrument date Conversion Period exercised/ converted. rights
------------------- --------------- ------------------------------ ------------------------ ---------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments
---------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
---------------------------------------------------------------------------------------------------------------------
Type of Exercise/ Number of voting
financial Exercise Expiration Conversion rights instrument
instrument price date period refers to % of voting rights
------------- -------------- ---------------- ------------- -------------------------- -------------------------
Nominal Delta
------------- -------------- ---------------- ------------- -------------------------- ------------ -----------
Total (A+B+C)
---------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
------------------------------------------------------------ -------------------------------------------------------
12,967,574 3.21%
------------------------------------------------------------ -------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable:
---------------------------------------------------------------------------------
Legal & General Group Plc (Direct and Indirect)
(Group)
Legal & General Investment Management (Holdings)
Limited (LGIMH) (Direct and Indirect)
Legal & General Investment Management Limited
(Indirect) (LGIM)
Legal & General Group Plc (Direct) (L&G) ( 12,967,574
-3.21% = LGAS, LGPL & PMC)
Legal & General Investment Legal & General Insurance Holdings
Management (Holdings) Limited Limited (Direct) (LGIH) (12,437,844 -
(Direct) (LGIMHD) 3.08%= LGAS & LGPL)
Legal & General Assurance Legal & General Assurance Society
(Pensions Management) Limited Limited (LGAS & LGPL) (12,437,844 -
(PMC) 3.08%= LGAS & LGPL)
Legal & General Pensions Limited
(Direct) (LGPL)
Proxy Voting:
---------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
--------------------------------------------------- ----------------------------
11. Number of voting rights proxy holder will
cease
to hold: N/A
--------------------------------------------------- ----------------------------
12. Date on which proxy holder will cease to
hold
voting rights: N/A
--------------------------------------------------- ----------------------------
Notification using the total voting
13. Additional information: rights figure of 403,102,528
-------------------------------------- -----------------------------------------
14. Contact name: Paul Toon (LGIM)
-------------------------------------- -----------------------------------------
15. Contact telephone number: 020 3124 3854
-------------------------------------- -----------------------------------------
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
Ben Stoop +44 20 7260 1410
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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