Accsys Technologies PLC Notifiable Interest (3073P)
October 23 2012 - 5:22AM
UK Regulatory
TIDMAXS TIDMLGEN
RNS Number : 3073P
Accsys Technologies PLC
23 October 2012
AIM: AXS
NYSE Euronext Amsterdam: AXS
23 October 2012
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 22 October 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
-----------------------------------------------------------------------------------------------------------------------
1. Identity of the issuer or the underlying Accsys Technologies Plc
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
--------------------------------------------------------------------------------------------------------------- ------
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
(if different from 3.): Limited (LGAS & LGPL)
------------------------------------------------------------- --------------------------------------------------------
19(th) October 2012
5. Date of the transaction and
date on
which the threshold is crossed
or
reached:
------------------------------------------------------------- --------------------------------------------------------
6. Date on which issuer notified: 22 October 2012
------------------------------------------------------------- --------------------------------------------------------
7. Threshold(s) that is/are crossed L&G (From 4% to 3%)
or
reached:
------------------------------------------------------------- --------------------------------------------------------
8. Notified details:
-----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
-----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------ ------------------------------------- ------------------------------------------------------------------
Number Number Number of voting % of voting
of of rights rights
Shares Voting
Rights
------------ --------------------- -------------- -------- ------------------------- --------------------
Number Direct Indirect Direct Indirect
of shares
------------ ---- --- -------- ----- ------- ----------------- -------------- --------- ------- -----------
17,077,574
ORD EUR0.01 (As on 06/02/2012) 16,817,574 16,817,574 3.88%
------------ ------------------------------------- ----------------- -------------- --------- ------- -----------
B: Qualifying Financial Instruments
-----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
-----------------------------------------------------------------------------------------------------------------------
Number of voting
Type of financial Expiration Exercise/ rights that may % of voting
instrument date Conversion Period be rights
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 voting % of voting
financial price date Conversion rights instrument rights
instrument period refers to
-------------- ------------------- -------------- ----------------- ------------------------- --------------------
Nominal Delta
-------------- ------------------- -------------- ----------------- ------------------------- ------------ ------
Total (A+B+C)
-----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- -----------------------------------------------------
16,817,574 3.88%
---------------------------------------------------------------- ----------------------------------------------------- ---
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) ( 16,817,574 -3.88% = LGAS, LGPL & PMC)
Legal & General Investment Legal & General Insurance Holdings Limited
Management (Holdings) Limited (Direct) (LGIH) ( 15,977,.844 - 3.69%= LGAS &
(Direct) (LGIMHD) LGPL)
Legal & General Assurance Legal & General Assurance Society Limited (LGAS &
(Pensions Management) Limited LGPL) (15,977,.844 - 3.69%= LGAS & LGPL)
(PMC)
Legal & General Pensions Limited (Direct) (LGPL)
Proxy Voting:
----------------------------------------------------------------------------------------------------------------------------
10. Name of the proxy holder: N/A
------------------------------------------------------------------------------- -------------------------------------------
11. Number of voting rights proxy holder N/A
will cease
to hold:
------------------------------------------------------------------------------- -------------------------------------------
12. Date on which proxy holder will cease N/A
to hold
voting rights:
------------------------------------------------------------------------------- -------------------------------------------
Notification using the total voting
13. Additional information: rights figure of 432,671,335
---------------------------------------------------------------------- ----------------------------------------------------
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
PLC Hans Pauli, COO Dewe Rogerson
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0)20 7260
Numis Securities Ben Stoop 1000
Ginny Pulbrook +44 20 7282 2945
Malcolm Robertson +44 20 7282 2867
Citigate Dewe Rogerson 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
subsidiary, Titan Wood Limited, which has manufacturing operations
in Arnhem, the Netherlands (through its subsidiary Titan Wood
B.V.), a European office in Windsor, United Kingdom, and an
American office in Dallas, Texas (via its subsidiary Titan Wood,
Inc). All group subsidiaries are ultimately 100% owned by Accsys
and trade as Accsys Technologies. 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 by NYSE Euronext,
under the symbols 'AXS'. Accsys' operations comprise three
principal business units: (i) Accoya(R) wood production; (ii)
technology development, focused on a programme of continuous
development of and improvements to the process engineering and
operating protocols for the acetylation of solid wood and the
development of technology for the acetylation of wood elements; and
(iii) the licensing of technology for the production of Accoya(R)
wood and Tricoya(R) wood elements across the globe.
Tricoya(R) 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 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 that 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. When carried out to a sufficient level throughout the
wood, this process protects it from rot by making it "inedible" to
most micro-organisms and fungi, 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.
Accoya(R) wood (www.accoya.com) is produced using Accsys'
proprietary patented acetylation technology, that effectively
converts sustainably grown softwoods and non-durable hardwoods into
what is best described as a "high technology wood". 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 tropical and European hardwoods, its colour does not
degrade when exposed to ultraviolet light. Moreover, the Accoya(R)
wood production process does not compromise the wood's strength or
machinability. The combination of UV resistance, dimensional
stability, durability and retained strength means that Accoya(R)
wood offers a wealth of new opportunities to architects, designers
and specifiers. For marine uses where weight is also important,
Accoya(R) wood for the first time provides boat builders with a
wood that is strong, lightweight, durable and retains its natural
beauty for far longer. For a full archive of Accoya(R) news, visit
www.accoya.com/news.asp.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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