Notifiable Interest

RNS Number : 1739U

Accsys Technologies PLC

16 December 2011

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

16 December 2011

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

Notifiable Interest

The Company announces that it received the following notification on 15 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:		Legal & General Group Plc (Group) Legal & General Investment Management Limited (LGIM) Legal & General Group Plc (L&G)
4. Full name of shareholder(s)  (if different from 3.):		Legal & General Assurance Society Limited (LGAS & LGPL)
5. Date of the transaction and date on which the threshold is crossed or reached:		14 December 2011
6. Date on which issuer notified:		15 December 2011
7. Threshold(s) that is/are crossed or reached:		Group (Above 5%) LGIM (Above 5%) L&G (From 3% to 4%)

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

Direct

Indirect

Direct

Indirect

ORD EUR0.01

Below 5% (As on 23/02/2011) (LGIM)

17,077,574

17,077,574

-

4.22%

12,967,574 (As on 23/02/2011) (L&G)

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

CFD

N/A

N/A

N/A

3,425,229

Nominal

Delta

0.85%

0.85%

Total (A+B+C)

Number of voting rights

Percentage of voting rights

20,502,803 (LGIM)

5.07%

17,077,574 (L&G)

4.22%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable:
Legal & General Group Plc (Direct and Indirect) (Group) ( 20,502,803 -5.07%= Total Position) Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect)  ( 20,502,803 -5.07% = Total Position) Legal & General Investment Management Limited (Indirect) (LGIM) ( 20,502,803 - 5.07% = Total Position) Legal & General Group Plc (Direct) (L&G) ( 17,077,574 -4.22%= LGAS, LGPL & PMC) Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) ( PMC)  Legal & General Insurance Holdings Limited (Direct) (LGIH) ( 16,237,844 -4.02%= LGAS & LGPL)  Legal & General Assurance (Pensions Management) Limited  (PMC) (PMC)  Legal & General Assurance Society Limited  (LGAS & LGPL) ( 16,237,844 - 4.02%= LGAS & LGPL)  Legal & General Pensions Limited (Direct)  (LGPL)
Proxy Voting:
10. Name of the proxy holder:		N/A
11. Number of voting rights proxy holder will cease to hold:		N/A
12. Date on which proxy holder will cease to hold voting rights:		N/A
13. Additional information:	Notification using the total voting rights figure of  403,885,811
14. Contact name:	Paul Toon (LGIM)
15. Contact telephone number:	020 3124 3854

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.

 

END

 

 

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