Accsys Technologies PLC Issuance of Shares (2882M)

TIDMAXS

RNS Number : 2882M

Accsys Technologies PLC

07 May 2020

AIM: AXS

Euronext Amsterdam: AXS

7 May 2020

Accsys Technologies PLC

("Accsys" or the "Company")

Issuance of Shares

Accsys, the fast growing and sustainable chemical technology group, announces the issue of 1,259,449 new ordinary shares of EUR0.05 each in the Company ("Shares") to the Company's Employee Benefit Trust ("EBT").

These Shares have been conditionally issued and allotted following the vesting in August 2016 and recent exercise of nil cost options, granted in 2013 under the Company's 2013 Long Term Incentive Plan.

The Shares will be issued pending (amongst other things) admission to AIM and Euronext Amsterdam, which is expected to take place on or about 12 May 2020.

The Company does not hold any shares in treasury. Therefore, the total voting rights in the Company following the issue of the Shares will be 163,547,604. Following the issue of the Shares, this figure may be used by shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company's securities under the FCA's Disclosure Guidance and Transparency Rules.

ENDS

For further information, please contact:

 
 Accsys Technologies PLC                      via FTI Consulting 
  Rob Harris, CEO 
  Will Rudge, FD 
 Numis Securities - NOMAD and Joint Broker 
  Oliver Hardy (NOMAD)                          +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 ( Accsys Technologies PLC ) is a fast growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably.

Accsys transforms fast-growing, certified sustainable wood into building materials with characteristics that match or better those of man-made, intensely resource-depleting and heavily carbon-polluting alternatives.

The company's primary focus is on the production of Accoya(R) wood and Tricoya(R) wood elements, as well as technology licensing via its subsidiaries Titan Wood Limited and Tricoya Technologies Limited. Accsys has its head office in London, UK, production operations in Arnhem, the Netherlands, an American office in Dallas, Texas, and is constructing the world's first Tricoya(R) plant in Hull, UK.

Accsys is committed to a more sustainable world, and uses abundantly available wood sources that are certified as sustainable. With our business model already aligned with several UN Sustainable Development Goals, Accsys is currently working on identifying further strategic ESG priorities to have an even greater positive impact on the world.

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'.

More information about Accsys can be found at www.accsysplc.com

Accoya (R) wood is a sustainable, durable and stable solid wood product with exceptional performance, finish and sustainability. Accsys' proprietary acetylation process makes the wood more dimensionally stable and, because it is no longer easily digestible, extremely durable. Produced from certified (e.g. FSC(R) ) sustainable sources, Accoya(R) wood has many environmental credentials and ecolabels, and is one of very few building materials to be Cradle to Cradle Certified(TM) at the Gold level, with a Platinum rating for Material Health, confirming that no harmful or toxic additives or chemicals are present to leach out into the environment.

With an up to 50 year warranty and 70+ year service life, the combination of sustainability, dimensional stability, durability and retained strength means that Accoya(R) wood offers a wealth of new opportunities to architects, designers, specifiers, manufacturers and homeowners. These benefits result in lower maintenance and total cost of ownership while also offering significant sustainability benefits. For more information about Accoya (R) wood, visit www.accoya.com .

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 (MDF) and particle-board.

Panel products made with Tricoya(R) wood elements are truly durable and stable enough for use outdoors and in wet environments. Combining the sustainability, durability and stability from our acetylation process with the ease of use and quality finish of wood panel products, the enhanced durability and dimensional stability opens new opportunities for the use of these products, making them suitable in applications and environments that previously required solid wood, synthetic or unsustainable materials.

Tricoya(R) wood elements have been lauded as the first major innovation in the wood composites industry in more than 30 years. For more information about Tricoya (R) wood elements, visit www.tricoya.com .

In March 2017, Accsys announced the formation of the Tricoya(R) Consortium to fund, build, own and operate the Tricoya(R) plant in Hull, UK, through its subsidiary Tricoya Ventures UK Limited. M embers of the consortium include BP and the leading manufacturer of sustainable wood-based panels, MEDITE Europe DAC. More information is available at: https://www.accsysplc.com/about-us/accsys-corporate-structure/

Wood acetylation is a process which increases the naturally occurring acetyl content of wood, thereby changing its physical properties. When carried out to a sufficient degree throughout the wood, as with Accsys' proprietary process, it significantly reduces the ability of the wood to absorb water without adding any toxic or harmful compounds, elements or substances that were not already present in the wood. This makes it much more dimensionally stable and, because it is no longer easily digestible to most organisms, extremely durable.

'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya(R) , Tricoya(R) and the Trimarque Device are registered trademarks owned by TWL, 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

IOEGZGGKGNKGGZM

(END) Dow Jones Newswires

May 07, 2020 06:08 ET (10:08 GMT)

Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Jun 2024 to Jul 2024