Notifiable Interest

RNS Number : 3073P
Accsys Technologies PLC
23 October 2012
 



 

 

AIM: AXS

NYSE Euronext Amsterdam: AXS

23 October 2012

 

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

 

Notifiable Interest

 

The Company announces that it received the following notification on 22 October 2012

 

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

 



 

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


 

 

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

Yes

 

 

Other (please specify):

 



 

3. Full name of person(s) subject to the
notification obligation:

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:

 

19th October 2012

 

6. Date on which issuer notified:

22 October 2012

 

7. Threshold(s) that is/are crossed or
reached:

 

L&G (From 4% to 3%)

 

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

 17,077,574

 

(As on 06/02/2012)

 16,817,574

 16,817,574


3.88%


 


 

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

 

 16,817,574

3.88%

 

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)


Legal & General Investment Management (Holdings) Limited (LGIMH) (Direct and Indirect) 


Legal & General Investment Management Limited (Indirect) (LGIM)


Legal & General Group Plc (Direct) (L&G) ( 16,817,574 -3.88% = LGAS, LGPL & PMC)

Legal & General Investment Management (Holdings) Limited (Direct) (LGIMHD) 

Legal & General Insurance Holdings Limited (Direct) (LGIH) ( 15,977,.844 - 3.69%= LGAS & LGPL)

Legal & General Assurance (Pensions Management) Limited  (PMC) 

Legal & General Assurance Society Limited  (LGAS & LGPL) (15,977,.844 - 3.69%= 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  432,671,335

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, COO

 via Citigate Dewe Rogerson

Numis Securities

Nominated Adviser: Oliver Cardigan

Corporate Broking:  Christopher Wilkinson

                              Ben Stoop

+44 (0)20 7260 1000

 

Citigate Dewe Rogerson

Ginny Pulbrook

Malcolm Robertson

Suzanne Bakker

+44 20 7282 2945

+44 20 7282 2867

+31 20 575 4023

 

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 subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies.  Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified.  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) Accoya® wood production; (ii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood 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.

Tricoya® Wood Elements (www.tricoya.com) are produced using Accsys' 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.

Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. When carried out to a sufficient level throughout the wood, this process protects it 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 Accsys' proprietary patented acetylation technology, 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.

 

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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