Director/PDMR Shareholding

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.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	William Rudge
2	Reason for the notification
a)	Position/status	Finance Director
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer
a)	Name	Accsys Technologies PLC
b)	LEI code	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
a)	Description of the financial instrument, type of instrument	Ordinary shares of €0.05 each
	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 and brokerage cost £ 0.632 per share 44,031 Shares retained n/a 49,459
d)	Aggregated information - Aggregated volume - Price	(i) Exercise Volume:  93,490 Price:  Nil (ii) Shares sold to satisfy income tax, NIC liability and brokerage cost of sale Volume:  44,031 Price £0.632 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 Katharine Rycroft, Investor Relations	[e-mail]
Numis Securities (London) Oliver Hardy (NOMAD), Ben Stoop	[phone]
Investec Bank plc (London) Carlton Nelson, Alex Wright ABN Amro (Amsterdam) Richard van Etten, Dennis van Helmond	[phone] [phone]
FTI Consulting (UK) Matthew O'Keeffe, Alex Le May	[phone]
Off the Grid (The Netherlands) Frank Neervoort, Yvonne Derske	[phone]

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^® wood and Tricoya^® 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^® 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™ 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^® 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^® acetylated wood elements are produced for use in the fabrication of panel products such as medium density fibreboard (MDF). Panel products made with Tricoya^® 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 ^® , Tricoya ^® 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 ^® registered brand trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya^® brand.

 

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