Notifiable Interest (9070B)
February 25 2011 - 10:21AM
UK Regulatory
TIDMAXS TIDM88DB
RNS Number : 9070B
Accsys Technologies PLC
25 February 2011
Regulatory Announcement
Company Accsys Technologies PLC
TIDM AXS
Headline Notifiable Interest
Released 25 February 2011
Number
AIM: AXS
NYSE Euronext Amsterdam: AXS
25 February 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 25 February 2011:
TR-1[i]: notification of major interests in shares
1. Identity of the issuer or the underlying
issuer of existing shares to which voting
rights are attached[ii]: Accsys Technologies Plc
---------------------------------------------- --------------------------
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 X
------------------------------------------------------------------- -----
Other (please specify): Disclosure under DTA transitional
rule [FSA Policy Statement 06/11 para 3.39]
------------------------------------------------------------------- -----
3. Full name of person(s) subject to
the notification obligation[iii]: Royal Bank of Canada
---------------------------------------------- --------------------------
4. Full name of shareholder(s) (if different
from 3.)[iv]: Roy Nominees Limited
---------------------------------------------- --------------------------
5. Date of the transaction (and date
on which the threshold is crossed or
reached if different)[v]: 18(th) February 2011
---------------------------------------------- --------------------------
6. Date on which issuer notified: 24(th) February 2011
---------------------------------------------- --------------------------
7. Threshold(s) that is/are crossed
or reached: 5 %
---------------------------------------------- --------------------------
8. Notified details:
---------------------
1.
1. 1. 1.
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 [vi] transaction[vii]
-------------- ------------------------ -------------------------------------------------
Number
of Voting Number
Number Rights of Number of voting % of voting
of Shares (viii) shares rights (ix) rights
-------------- ----------- ----------- ------- -------------------- ------------------
Direct Indirect
Direct (x) (xi) Direct Indirect
-------------- ----------- ----------- ------- ------- ----------- ------- ---------
Ordinary
EUR 0.01
shares
Isin
GB00B0LMC530 11,555,855 23,111,709 5%
-------------- ----------- ----------- ------- ------- ----------- ------- ---------
B: Financial Instruments
------------------------------------------------------------------------------
Resulting situation after the triggering transaction (xii)
------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of % of voting
financial date (xiii) Conversion voting rights rights
instrument Period/ Date that may be
(xiv) ( ) acquired if
the instrument
is exercised/
converted.
--------------- ------------- --------------- --------------- ------------
Total (A+B)
----------------------------------------------------------------------
Number of voting rights % of voting rights
--------------------------------- -----------------------------------
23,111,709 5%
--------------------------------- -----------------------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held,
if applicable (xv) :
----------------------------------------------------------------------
The shares are registered in the name Roy Nominees which acts
as the nominee holding company for RBC Trustees (CI) Limited
whose ultimate parent is Royal Bank of Canada
Due to the change in the issued share capital from 200,602,528
shares to 403,102,528, Royal Bank of Cananda's reportable position
has been reduced and crossed a reportable thresehold.
----------------------------------------------------------------------
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:
------------------------------------------
This disclosure incorporates the position
previouly disclosed by OakFoundation
13. Additional information: USA INC./Oak Holdings Limited.
------------------------------- ------------------------------------------
14. Contact name: Scott Roberts
------------------------------- ------------------------------------------
15. Contact telephone number: (01534) 602971
------------------------------- ------------------------------------------
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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