TIDMAXS
RNS Number : 7309R
Accsys Technologies PLC
30 June 2015
AIM: AXS
NYSE Euronext Amsterdam: AXS
30 June 2015
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Directors' Interests, Issue of Shares to Employees and
Total Voting Rights
Accsys, the chemical technology group focused on the acetylation
of wood, announces the issue of new ordinary shares of EUR0.05 each
in the Company ("Shares") to Executive Directors and other
employees in relation to various employee remuneration,
incentivisation and share plan arrangements.
Under the terms of the Accsys Employee Share Participation Plan
(the "Plan") and further to the Company's announcement of 12 August
2014, 27,825 Shares will be issued to various employees on a
'matched' basis at nominal value of EUR0.05 each.
In addition, following the release of the Company's Preliminary
Announcement of Results for the year ended 31 March 2015, Accsys
announces that, through the Plan, various employees have subscribed
for a total of 63,909 Shares at an acquisition price of EUR0.97 per
Share (being the closing price of shares in the Company on 29 June
2015 on Euronext Amsterdam, the closing date for subscriptions of
Shares under the Plan). These Shares will be issued to the trust
constituted under the Plan and released to employees one year hence
subject to and in accordance with Plan rules.
All Shares to be issued as referred to above in respect of the
Employee Share Participation Plan will be issued on or about 14
August 2015, subject to receipt of subscription monies and pending
admission of the Shares to AIM and Euronext ("Admission").
The Company also announces that in connection with employee
remuneration and incentivisation arrangements and in respect of the
year ended 31 March 2015, following recommendation from the
nomination and remuneration committee of the Company, the Board has
resolved to issue Ordinary Shares to an Employee Benefit Trust, the
beneficiaries of which include executive Directors.
Such Ordinary Shares shall vest if the employees, including the
executive Directors, remain in employment with the Company to the
vesting date, being 1 July 2016 (subject to certain other
provisions including regulatory, good-leaver, take-over and
committee discretion provisions).
A total of 891,044 Ordinary Shares will be issued to the
Employee Benefit Trust (the "EBT Shares"), of which 467,884 relate
to the executive Directors as set out below:
Name Number of Ordinary Shares
Paul Clegg : 266,549
Hans Pauli : 119,788
William Rudge 81,547
Accsys further announces that 20,000 Shares have been issued and
allotted to an employee following
the exercise of options, granted under the Company's 2008
Unapproved Employee Share Option Plan, at an exercise price of
EUR0.50 per Share (the "Option Shares").
The Option Shares and EBT Shares will be issued pending
Admission, which is expected to take place on or about 6 July 2015
(the "Issue Date").
Pursuant to 5.6.1 of the Disclosure and Transparency Rules, the
Company notifies the market that at the Issue Date the issued share
capital of the Company consists of 89,711,938 Shares each with
voting rights. No Shares are held in treasury.
As from the Issue Date, the above figure of 89,711,938 Shares
may be used by shareholders as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change to their interest in, the Company under
the FCA's Disclosure and Transparency Rules. This figure replaces
and supersedes any figure previously announced.
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via MHP Communications
PLC Hans Pauli, COO
Will Rudge, FD
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Ben Stoop 1000
Tim Rowntree
James White +44 (0) 20 3128
MHP Communications Tess Harris 8100
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 a chemical
technology group 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, an American office in Dallas,
Texas (via its subsidiary Titan Wood, Inc) and technology licencing
associated with the acetylation of wood elements via its subsidiary
Tricoya Technologies Limited. 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 panel products such as
medium density fibreboard and particle-board. These products
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. 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 wholly owned subsidiary of TWL 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
TVREASKEDLSSEFF
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Jul 2023 to Jul 2024