Accsys Technologies PLC Employee Benefit Trust and Directors' Interests (5744H)
August 04 2021 - 6:45AM
UK Regulatory
TIDMAXS
RNS Number : 5744H
Accsys Technologies PLC
04 August 2021
AIM: AXS
Euronext Amsterdam: AXS
4 August 2021
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Employee Benefit Trust and Directors' Interests
Further to the Company's announcement of 23 June 2020, the
awards over ordinary shares of EUR0.05 each in the Company
("Shares") held by the Accsys Employee Benefit Trust ("EBT") on
behalf of various employees, including the Company's Executive
Directors, Robert Harris and William Rudge, have vested.
These awards were granted last year as part of the Company's
employee remuneration and incentivisation strategy in-light of the
COVID-19 pandemic and include share awards made to Executive
Directors in lieu of cash bonuses for the year ended 31 March
2020.
The table below shows the number of shares owned by Executive
Directors which have vested.
Executive Number of Shares vested
Director
Robert Harris 89,250
------------------------
William Rudge 77,067
------------------------
The following notifications are made under article 19 of the
Market Abuse Regulation relating to certain transactions by persons
discharging managerial responsibilities in the Shares of the
Company.
1. Details of the person discharging managerial responsibilities / person closely associated
Name Robert Harris
------------------------------------------------- -------------------------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------------------------------------
Position/Status Chief Executive Officer
------------------------------------------------- -------------------------------------------------------------
Initial notification/amendment Initial notification
------------------------------------------------- -------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer,
or auction monitor
----------------------------------------------------------------------------------------------------------------
Name Accsys Technologies plc
------------------------------------------------- -------------------------------------------------------------
LEI 213800HKRFK8PNUNV581
------------------------------------------------- -------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
Description of the Financial instrument, type of Ordinary shares of EUR0.05 each in Accsys Technologies plc
instrument
------------------------------------------------- -------------------------------------------------------------
Identification code GB00BQQFX454
------------------------------------------------- -------------------------------------------------------------
Nature of the Transaction Vesting of Shares
------------------------------------------------- -------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------- ------------------------------ -----------------------------
EUR0.05 89,250
------------------------------------------------------ ------------------------------ -----------------------------
Aggregated information:
Aggregated volume 89,250
------------------------------------------------------ -------------------------------------------------------------
Date of the transaction 29 July 2021
------------------------------------------------------ -------------------------------------------------------------
Place of the transaction Outside a trading venue
------------------------------------------------------ -------------------------------------------------------------
1. Details of the person discharging managerial responsibilities / person closely associated
Name William Rudge
------------------------------------------------- -------------------------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------------------------------------
Position/Status Finance Director
------------------------------------------------- -------------------------------------------------------------
Initial notification/amendment Initial notification
------------------------------------------------- -------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer,
or auction monitor
----------------------------------------------------------------------------------------------------------------
Name Accsys Technologies plc
------------------------------------------------- -------------------------------------------------------------
LEI 213800HKRFK8PNUNV581
------------------------------------------------- -------------------------------------------------------------
4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii)
each type of transaction; (iii) each date; and (iv) each place where transactions have been
conducted
----------------------------------------------------------------------------------------------------------------
Description of the Financial instrument, type of Ordinary shares of EUR0.05 each in Accsys Technologies plc
instrument
------------------------------------------------- -------------------------------------------------------------
Identification code GB00BQQFX454
------------------------------------------------- -------------------------------------------------------------
Nature of the Transaction Vesting of Shares
------------------------------------------------- -------------------------------------------------------------
Price(s) and volume(s) Price(s) Volume(s)
------------------------------------------------- ------------------------------ -----------------------------
EUR0.05 77,067
------------------------------------------------------ ------------------------------ -----------------------------
Aggregated information:
Aggregated volume 77,067
------------------------------------------------------ -------------------------------------------------------------
Date of the transaction 29 July 2021
------------------------------------------------------ -------------------------------------------------------------
Place of the transaction Outside a trading venue
------------------------------------------------------ -------------------------------------------------------------
Ends
For further information, please contact:
Accsys Technologies PLC ir@accsysplc.com
Sarah Ogilvie, Investor Relations
======================================== ======================
Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000
======================================== ======================
Investec Bank plc (London)
Carlton Nelson, Alex Wright +44 (0) 20 7597 5970
ABN Amro (Amsterdam)
Richard van Etten, Dennis van Helmond +31 20 344 2000
======================================== ======================
FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340
======================================== ======================
Off the Grid (The Netherlands)
Frank Neervoort, Yvonne Derske +31 681 734 236
======================================== ======================
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 Accoya(R) wood and
Tricoya(R) wood elements: 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 an up to 50-year warranty,
locking carbon stored in the wood into useful products for decades,
with performance characteristics that match or better those of
non-renewable, resource-depleting and polluting alternatives.
Accsys is listed on the London Stock Exchange AIM market and on
Euronext Amsterdam, under the symbols 'AXS'. Visit
www.accsysplc.com
Accoya(R) solid wood is sustainable, durable, and stable 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. It 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. Primary
applications for Accoya(R) wood include windows, doors, cladding
and decking, where the combination of performance and
sustainability benefits compete favorably against hardwoods,
plastics, metals and concrete. Visit www.accoya.com
Tricoya(R) acetylated wood elements are produced for use in the
fabrication of panel products such as medium density fibreboard
(MDF). Panel products made with Tricoya(R) wood elements are truly
durable and stable enough for use outdoors and in wet environments,
unlocking new possibilities for design and construction. They have
been lauded as the first major innovation in the wood composites
industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a
whole new range of applications. Visit www.tricoya.com
Any references in this announcement to agreements with Accsys
shall mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. '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.
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END
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