Accsys Technologies PLC Notifiable Interest - Teslin Participaties (6521H)
August 02 2019 - 2:01AM
UK Regulatory
TIDMAXS
RNS Number : 6521H
Accsys Technologies PLC
02 August 2019
2 August 2019 AIM: AXS
Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1. Identity of the issuer or the underlying ACCSYS TECHNOLOGIES PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights X
---------------------------------------------------------------------------- --------------------------------------
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 Teslin Participaties Coöperatief
to the U.A.
notification obligation: (iii)
------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
------------------------------------------
5. Date of the transaction and date July 30(th) , 2019
on
which the threshold is crossed
or
reached: (v)
------------------------------------------
6. Date on which issuer notified: July 30(th) , 2019
------------------------------------------
7. Threshold(s) that is/are crossed
or
reached: (vi, vii) 13.0%
------------------------------------------
8. Notified details:
A: Voting rights attached to shares (viii, ix)
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 of of shares rights rights (x)
Shares Voting
Rights
---------------------- ------------ ----------- ---------------------- ------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
--------- ----------- ------------ ----------- ----------- --------- ------- ---------
GB00BQQFX454 15,244,844 15,244,844 15,484,844 15,484,844 n.a. 13.12% n.a.%
---------------------- ------------ ----------- ----------- --------- ------- ---------
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting % of voting
financial date (xiii) Conversion rights that may rights
instrument Period be
(xiv) acquired if the
instrument is
exercised/ converted.
---------------------- ------------ ----------------------------------- ------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
Resulting situation after the triggering transaction
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date Conversion rights instrument (xix, xx)
instrument (xvii) period refers to
(xviii)
--------- ----------- ------------ ------------------------ -----------------------------
Nominal Delta
--------- ----------- ------------ ------------------------ ------------------ ---------
Total (A+B+C)
Number of voting rights Percentage of voting rights
----------------------------
15,244,844 13.12%
----------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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:
----
15. Contact telephone number:
----
For further information, please contact:
Accsys Technologies PLC via FTI Consulting
Paul Clegg, CEO
Will Rudge, FD
Numis Securities - Nominated Adviser and
Joint Broker
Nominated Adviser: Oliver Hardy
Corporate Broking: Christopher Wilkinson +44 (0) 20 7260
/ Ben Stoop 1000
Investec Bank plc - Joint Broker
Carlton Nelson
James Rudd +44 (0) 20 7597
Alex Wright 5970
FTI Consulting
Matthew O'Keeffe +44 (0) 20 3727
Alex Le May 1340
Off the Grid (The Netherlands)
Frank Neervoort +31 681 734 236
Yvonne Derske +31 222 379 666
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 Tricoya(R) wood elements, 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 London, United Kingdom, an
American office in Dallas, Texas (via its subsidiary Titan Wood,
Inc.) and technology licensing associated with the acetylation of
wood elements via its subsidiary Tricoya Technologies Limited. 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,
under the symbols 'AXS'. Accsys' operations comprise four principal
business units: (i) Accoya(R) wood production; (ii) building and
operating of Tricoya(R) wood chip acetylation plant in Hull; (iii)
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
(iv) the licensing of technology for the production of Accoya(R)
wood and Tricoya(R) wood elements across the globe.
Tricoya(R) Consortium In March 2017, Accsys announced the
formation of the Tricoya(R) Consortium to fund, build and operate
the Tricoya(R) plant in Hull, UK. Members of the consortium include
BP and the leading manufacturer of sustainable wood-based panels,
MEDITE Europe DAC. Tricoya Ventures UK Ltd (TVUK), a subsidiary of
Accsys, owns and will operate the Tricoya(R) plant. TTL exploits
all Tricoya(R) related intellectual property and benefits from any
Tricoya(R) related revenues other than those generated by the
Tricoya(R) plant. The Tricoya(R) plant is expected to have an
initial capacity of 30,000 metric tonnes of Tricoya(R) chips per
annum, enough to produce approximately 40,000m(3) of Tricoya(R)
panel products per annum. The Tricoya(R) plant is expected to reach
EBITDA breakeven at approximately 40% design capacity and to take
approximately four years to reach full capacity following
completion. The location of the Tricoya(R) plant at Saltend
Chemicals Park in Hull allows for expansion when market conditions
dictate.
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.
Moreover, the Accoya(R) wood production process does not compromise
the wood's strength or machinability. The combination of
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.
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 subsidiary of TWL with exclusive rights to exploit the
Tricoya(R) brand.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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