Accsys Technologies PLC Notifiable Interest (1626I)
June 28 2013 - 9:03AM
UK Regulatory
TIDMAXS
RNS Number : 1626I
Accsys Technologies PLC
28 June 2013
AIM: AXS
NYSE Euronext Amsterdam: AXS
28 June 2013
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 27 June 2013
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 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
--------------------------------------------------------------------------------------------------------------- -------
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) N/A
(if different from 3.):
-------------------------------------------------------------- --------------------------------------------------------
26 June 2013
5. Date of the transaction and date
on
which the threshold is crossed
or
reached:
-------------------------------------------------------------- --------------------------------------------------------
6. Date on which issuer notified: 27 June 2013
-------------------------------------------------------------- --------------------------------------------------------
7. Threshold(s) that is/are crossed Below 3% (L&G)
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 rights
of of rights
Shares Voting
Rights
------------ ------------------- ------------------ ------- ------------------ ----------------------------
Number Direct Indirect Direct Indirect
of shares
------------ ---- -------- ------ ------ --------------- ------- --------- ------------ --------------
ORD EUR0.01 16,817,574 Below 3%
(As on 22/10/2012)
------------ --------------------------------------- -----------------------------------------------------------------
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 rights
financial price date Conversion rights instrument
instrument period refers to
-------------- ----------------- -------------- ------------------- ----------------------- -----------------------
Nominal Delta
-------------- ----------------- -------------- ------------------- ----------------------- -------------- -------
Total (A+B+C)
------------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
----------------------------------------------------------------- -----------------------------------------------------
Below 3%
------------------------------------------------------------------------------------------------------------------------
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) (Below 3% = LGAS, LGPL & PMC)
Legal & General Investment Legal & General Insurance Holdings Limited
Management (Holdings) Limited (Direct) (LGIH)
(Direct) (LGIMHD)
Legal & General Assurance Legal & General Assurance Society Limited (LGAS &
(Pensions Management) Limited 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 will N/A
cease
to hold:
------------------------------------------------------------- --------------------------------
12. Date on which proxy holder will cease to N/A
hold
voting rights:
------------------------------------------------------------- --------------------------------
Notification using the total voting
13. Additional information: rights figure of 433,171,589
------------------------------------------------ ---------------------------------------------
14. Contact name: Angela Hayter (LGIM)
------------------------------------------------ ---------------------------------------------
15. Contact telephone number: 020 3124 3851
------------------------------------------------ ---------------------------------------------
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Blythe Weigh
PLC Hans Pauli, COO Communications
Will Rudge, FD
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0)20 7260
Numis Securities Ben Stoop 1000
+44 (0)20 7138
3204
Paul Weigh +44 (0) 7989 129658
Blythe Weigh Tim Blythe +44 (0) 7816 924626
SPJ Financial & Corporate
Communication Frank Neervoort +31 681734236
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.
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.
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. Exploitation of Accsys' proprietary technology
relating to Tricoya(R) Wood Elements is carried out through Tricoya
Technologies Limited, a joint venture between Accsys and INEOS
Industries Holdings Limited. Tricoya(R) Wood Elements are 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 wood 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.
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 ("TWL"), a wholly owned
subsidiary of Accsys Technologies PLC, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya(R) registered trademark, from Tricoya Technologies
Limited, a joint venture between TWL and INEOS Industries Holdings
Limited with exclusive rights to exploit the Tricoya(R) brand.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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