Accsys Technologies PLC Employee Benefit Trust and Directors' Interests (7852E)
July 20 2016 - 11:37AM
UK Regulatory
TIDMAXS
RNS Number : 7852E
Accsys Technologies PLC
20 July 2016
AIM: AXS
Euronext Amsterdam: AXS
20 July 2016
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Employee Benefit Trust and Directors' Interests
Further to the Company's previous announcements, including on 30
June 2015, awards over 938,449 ordinary shares of EUR0.05 each in
the Company ("Shares") held by the Accsys Employee Benefit Trust
('EBT') vested on 15 July 2016. These awards were granted in line
with the Company's employee remuneration and incentivisation
arrangements and related to the year ended 31 March 2015.
Certain beneficiaries elected to sell a total of 498,318 Shares
on the open market to fund the resulting personal tax liabilities
(amongst other reasons), including the executive directors whose
names are set out below. 266,000 shares were sold at GBP0.651353
per Share on 15 July 2016 and 232,318 were sold on 19 July 2016 at
GBP0.614079 per Share. The Venue of Execution was The London Stock
Exchange (XLON).
Details concerning Directors' Share sales from the EBT are set
out below;
Name Number of EUR0.05 Number of EUR0.05 Number of EUR0.05 Number of EUR0.05
Shares vested Shares subsequently of Shares subsequently of Shares subsequently
sold sold on 15 July sold on 19 July
2016 2016
-------------- ----------------- -------------------- ----------------------- -----------------------
Paul Clegg 266,549 166,549 83,274 83,275
-------------- ----------------- -------------------- ----------------------- -----------------------
Hans Pauli 106,942 56,942 28,471 28,471
-------------- ----------------- -------------------- ----------------------- -----------------------
William Rudge 81,547 40,773 20,386 20,387
-------------- ----------------- -------------------- ----------------------- -----------------------
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via MHP Communications
PLC Hans Pauli, Executive Director,
Corporate Development
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
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