Accsys Technologies PLC Notifiable Interest (2791L)
July 02 2014 - 11:49AM
UK Regulatory
TIDMAXS
RNS Number : 2791L
Accsys Technologies PLC
02 July 2014
AIM: AXS
NYSE Euronext Amsterdam: AXS
2 July 2014
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following
notification on 2 July 2014
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
1. Identity of the issuer or the underlying ACCSYS TECHNOLOGIES
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 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): Removal of the disclosure is due X
to the aggregation and reporting of the position being
made from 1(st) July 2014 by Standard Life Investment
Holdings Limited as Parent Company
----------------------------------------------------------------------- -----
3. Full name of person(s) subject Ignis Investment Services Limited
to the notification obligation:
-------------------------------------- --------------------------------------
4. Full name of shareholder(s)
(if different from 3.):
-------------------------------------- --------------------------------------
5. Date of the transaction and 01/07/2014
date on which the threshold is
crossed or reached if different:
-------------------------------------- --------------------------------------
6. Date on which issuer notified: 02/07/2014
-------------------------------------- --------------------------------------
7. Threshold(s) that is/are crossed Below 3%
or reached:
-------------------------------------- --------------------------------------
8.Notified details: Nominee holdings
-----------------------------------------------------------------------------------------------
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 Number of voting % of voting
of Shares of Voting of shares rights rights
Rights
(viii)
-------------- ------------ ----------- ----------- ------------------- ------------------
Direct Direct Indirect Direct Indirect
-------------- ------------ ----------- ----------- -------- --------- ------- ---------
GB00B0LMC530 12,745,070 0 0%
---------------------------- ----------- ----------- -------- --------- ------- ---------
B: Financial Instruments
-------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction (xii)
-------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Conversion Number of voting % of voting
instrument date Period/ Date rights that may rights
be 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 right
------------------------------------------------------------ -----------------------------------------------
0 0%
------------------------------------------------------------ -----------------------------------------------
9. Chain of controlled undertakings through which the voting
rights and/or the financial instruments are effectively held,
if applicable:
---------------------------------------------------------------
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:
------------------------------------------
13. Additional information:
------------------------------- ----------------------
14. Contact name: Investment Operations
------------------------------- ----------------------
15. Contact telephone number: 0141 222 8158
------------------------------- ----------------------
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Blytheweigh
PLC Hans Pauli, COO
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
+44 (0) 7989 129
658
Paul Weigh +44 (0) 7989 394
Blytheweigh Alex Shilov 027
Frank Neervoort +31 681 734 236
Off the Grid (The Netherlands) Giedo Van Der Zwan +31 624 212 238
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. These benefits result in lower maintenance and
total cost of ownership while using a higher sustainable and
environmental responsible building material. 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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