Accsys Technologies PLC Director/PDMR Shareholding (8943J)
December 15 2022 - 10:55AM
UK Regulatory
TIDMAXS
RNS Number : 8943J
Accsys Technologies PLC
15 December 2022
AIM: AXS
Euronext Amsterdam: AXS
15 December 2022
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Director/PDMR Dealing
The following notification is made under article 19 of the
Market Abuse Regulation relating to certain transactions by William
Rudge, as a person discharging managerial responsibilities (PDMR)
in the Shares of the Company.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name William Rudge
------------------------- ------------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status Finance Director
------------------------- ------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------- ------------------------------------------------
Details of the issuer
3
---------------------------------------------------------------------------
a) Name Accsys Technologies PLC
------------------------- ------------------------------------------------
b) LEI code 213800HKRFK8PNUNV581
------------------------- ------------------------------------------------
Details of the transaction(s): section to be repeated for
4 (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
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a) Description of the Ordinary shares of EUR0.05 each
financial instrument,
type of instrument
Identification code ISIN GB00BQQFX454
------------------------- ------------------------------------------------
b) Nature of the transaction (i) Exercise of certain nil cost options
relating to the Company's Long Term Incentive
Plan (LTIP), specifically 53,221 shares
vested under the 2016 LTIP and 40,269
shares vested under the 2017 LTIP, and
(ii) the subsequent sale of 44,031 shares
sold to satisfy income tax and NIC liabilities,
together with the brokerage cost of selling
the same
------------------------- ------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
(i) Acquisition
of shares on exercise
of share option Nil 93,490
------------ ----------
(ii) Sale of shares
to satisfy income
tax, NIC liability GBP 0.632
and brokerage cost per share 44,031
------------ ----------
Shares retained n/a 49,459
------------ ----------
d) Aggregated information (i) Exercise
- Aggregated volume Volume: 93,490
- Price Price: Nil
(ii) Shares sold to satisfy income tax,
NIC liability and brokerage cost of sale
Volume: 44,031
Price GBP0.632 per share
------------------------ ----------------------------------------------------
e) Date of the transaction 14 December 2022
------------------------ ----------------------------------------------------
f) Place of the transaction (i) Exercise of LTIPs - outside of a trading
venue
(ii) Sale of shares - London Stock Exchange
(XLON); AIM Market
------------------------ ----------------------------------------------------
Ends
For further information, please contact:
Accsys Technologies PLC ir@accsysplc.com
Katharine Rycroft, 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 brand trademark, from
Tricoya Technologies Limited, a subsidiary of TWL with exclusive
rights to exploit the Tricoya(R) brand.
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