Notifiable Interest (2327D)
March 18 2011 - 9:19AM
UK Regulatory
TIDMAXS
RNS Number : 2327D
Accsys Technologies PLC
18 March 2011
AIM: AXS
NYSE Euronext Amsterdam: AXS
18 March 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 18 March 2011:
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
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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):
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An acquisition or disposal of voting
rights
----------------------------------------- -------------------------------
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
----------------------------------------- -------------------------------
Other (please specify): Open Offer x
----------------------------------------- -------------------------------
3. Full name of person(s) subject
to the
notification obligation: (iii) OP-FUND MANAGEMENT COMPANY LTD
----------------------------------------- -------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv) OP-EUROPE EQUITY FUND (UCITS)
----------------------------------------- -------------------------------
5. Date of the transaction and date
on
which the threshold is crossed or
reached: (v) 23 February 2011
----------------------------------------- -------------------------------
6. Date on which issuer notified: 18 March 2011
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7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 7%
----------------------------------------- -------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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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 Number
of Voting of Number of voting % of voting rights
Shares Rights shares rights (x)
------------- -------------------------- ---------------- --------- -------------------- -------------------------
Direct Indirect
Direct (xi) (xii) Direct Indirect
------------- --------- ----------- ------------ --------- --------- --------- ------------ -----------
Ord Euro 22 358
0.01 14 905 690 - 534 - 5.55% -
-------------------------- ---------------- --------- --------- --------- ------------ -----------
GB00BOLMC530
------------- --------- ----------- ------------ ------- ------- --------- -------- ---------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------
Number of voting
rights that may be
acquired if the
Type of Exercise/ instrument is
financial Expiration Conversion Period exercised/ % of voting
instrument date (xiii) (xiv) converted. rights
----------------- ------------------------ --------------------------- ---------------------- ---------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
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Exercise/
Type of Conversion Number of voting
financial Exercise Expiration period rights instrument % of voting rights
instrument price date (xvii) (xviii) refers to (xix, xx)
--------------- ----------- --------------- -------------- ------------------------------- -----------------------
Nominal Delta
--------------- ----------- --------------- -------------- ------------------------------- ------------ ---------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
------------------------------------------------------------- --------------------------------------------------------
22 358 534 5.55%
------------------------------------------------------------- --------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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OP-Pohjola Group Central Cooperative (Central Cooperative) is Central
institution of OP-Pohjola Group. As a central institution, it is in charge of
Group steering and control. One of the main subsidiaries of Central
Cooperative is OP Fund Management Company Ltd (hereinafter 'the Fund
Management Company'), which manages the OP-Pohjola Group's mutual funds. Both
the Fund Management Company and the Central Cooperative are separate legal
entities and the Fund Management Company is one hundred per cent (100%) owned
subsidiary of the Central Cooperative (the Parent Company). The corporate
form of 'The Central Cooperative' is co-operative (society). The regulatory
authority of both corporations is the Financial Supervisory Authority
(FIN-FSA) in Finland. OP- Europe Equity Fund (hereinafter 'the Fund') is
UCITS -fund and the regulation of 'The Fund' is based on the Finnish Act on
Common Funds 29.1.1999/48 which has been enacted pursuant to Council
Directive 85/611/EEC of 20 December 1985 on the coordination of laws,
regulations and administrative provisions relating to undertakings for
collective investment in transferable securities (UCITS) and its amendments
Directive 2001/107/EC and Directive 2001/108/EC of the European Parliament.
'The Fund' is not a separate legal entity (i.e. legal persons).'The Fund' is
a mutual fund and it invest it's assets primarily shares listed and the
unitholders (i.e. investors) are legal owners of the fund units, but not the
shares. The Fund Management Company ( UCITS Management Company) is
responsible for the management of the funds and it represents the funds in
its own name and acts on their behalf in matters concerning the funds and
exercises the rights associated with the funds' assets (i.e. shares). The
majority of Board of Directors of the Fund Management Company is appointed by
the Central Cooperative.
Proxy Voting:
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10. Name of the proxy holder: Not named
------------------------------------------------ ----------------------------
11. Number of voting rights proxy holder will
cease
to hold:
------------------------------------------------ ----------------------------
12. Date on which proxy holder will cease to
hold
voting rights:
------------------------------------------------ ----------------------------
OP-Pohjola Group Central Cooperative
OP Fund Management Company Ltd
Address: Teollisuuskatu 1b, 00100
13. Additional information: Helsinki, Finland
------------------------------------ ----------------------------------------
Merja Pollanen
14. Contact name: Fund Assisant
------------------------------------ ----------------------------------------
15. Contact telephone number: +358 10 252 2354
------------------------------------ ----------------------------------------
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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