Notifiable Interest

RNS Number : 4240T

Accsys Technologies PLC

06 December 2011

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

6 December 2011

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Notifiable Interest

The Company announces that it received the following notification on 5 December 2011:

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:			Accsys Technologies PLC
2. Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights				Yes
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 to the notification obligation:		FIL Limited
4. Full name of shareholder(s)  (if different from 3.):		BROWN BROS HARRIMN LTD LUX
5. Date of the transaction and date on which the threshold is crossed or reached:		01 December 2011
6. Date on which issuer notified:		05 December 2011
7. Threshold(s) that is/are crossed or reached:		5%

8. Notified details:
A: Voting rights attached to shares
Class/type of shares if possible using the ISIN CODE	Situation previous to the triggering transaction				Resulting situation after the triggering transaction
	Number of Shares		Number of Voting Rights		Number of shares		Number of voting rights		% of  voting rights
					Indirect		Direct	Indirect	Direct		Indirect
GB00B0LMC530	20,202,089		20,202,089		19,934,458			19,934,458			4.93%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument		Expiration date		Exercise/ Conversion Period		Number of voting rights that may be acquired if the instrument is exercised/ converted.				% of voting rights

C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument	Exercise price	Expiration date	Exercise/ Conversion period	Number of voting rights instrument refers to	% of voting rights
					Nominal	Delta
Total (A+B+C)
Number of voting rights				Percentage of voting rights
19,934,458				4.93%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
FIL Limited Issuer name:                                       ACCSYS TECHNOLOGIES PLC Current ownership percentage:          4.93% Total shares held:                               19,934,458 Issued share capital:                           403,885,811 SHARES HELD                      NOMINEE                                            MANAGEMENT COMPANY 19,934,458                  BROWN BROS HARRIMN LTD LUX             FIL FIL Limited (FIL) is the parent holding company for various direct and indirect subsidiaries, including FIL Fund Management Limited (FFML), FIL Investment Services Ltd (FISL), FIL Gestion (FIGEST), FIL Asset Management (Korea) Limited (FIAKL), FIL Investments Management (Hong Kong) Limited (FIMHK), FIL Pension Management (FPM), Fidelity Investments Japan (FIJ) and FIL Investments International (FII), investment managers for various non-US investment companies and  institutional clients.
Proxy Voting:
10. Name of the proxy holder:	FIL Limited
11. Number of voting rights proxy holder will cease to hold:	267,631
12. Date on which proxy holder will cease to hold voting rights:	01 December 2011
13. Additional information:		None
14. Contact name:		Shaheen Hussain
15. Contact telephone number:		[e-mail]

Ends

For further information, please contact:

Accsys Technologies PLC		Paul Clegg, CEO Hans Pauli, CFO		via Citigate Dewe Rogerson
Numis Securities		Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson                             Ben Stoop		[phone]
Citigate Dewe Rogerson		Ginny Pulbrook Malcolm Robertson Suzanne Bakker		[phone] [phone] [phone]

Notes to Editors:

Accsys Technologies PLC(www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya^® wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an American office in Dallas, Texas. Accsys Technologies PLC is listed on the London Stock Exchange AIM market, and on Euronext Amsterdam by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) the Accoya^® wood production facility; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood elements; and (iii) the licensing of technology for the production of Accoya^® wood and Tricoya^® wood elements across the globe.

Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The 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.

Accoya^® wood (www.accoya.com) is produced using a process, the subject of patent applications around the world, 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^® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya^® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya^® wood offers a wealth of new opportunities to architects, designers and specifiers. For marine uses where weight is also important, Accoya^® wood for the first time provides boat builders with a wood that is strong, lightweight, durable and retains its natural beauty for far longer.  For a full archive of Accoya^® news, visit www.accoya.com/news.asp.

Tricoya^® wood Elements (www.tricoya.com) is Titan Wood's proprietary technology for the acetylation of wood chips, and particles for use in the fabrication of wood based composites, including panel products. These composites 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. Tricoya^® Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.

 

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