Issuance of Shares and Directors Interests

RNS Number : 7516C

Accsys Technologies PLC

22 June 2021

 

 

AIM: AXS

Euronext Amsterdam: AXS

22 June 2021

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

Issuance of Shares and Director Interests

Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create high performance, sustainable wood building products announces the issue of 318,346 new ordinary shares of €0.05 each in the Company ("Shares") to the Company's Employee Benefit Trust ("EBT") the beneficiaries of which are the Executive Finance Director, William Rudge, and the Company Secretary.

These Shares have been conditionally issued and allotted following the vesting in August 2016 and exercise today by William Rudge and the Company Secretary of nil cost options over 159,173 Shares each, granted in 2013 under the Company's 2013 Long Term Incentive Plan. Following instructions, the EBT has today sold a total of 76,557 Shares at an average price of £1.67 per Share on behalf of William Rudge in order to satisfy Mr Rudge's tax liabilities arising from the exercise. 

The 318,346 Shares are expected to be admitted to trading on AIM and Euronext Amsterdam on 24 June 2021. The Company does not hold any shares in treasury. Therefore, the total voting rights in the Company following the issue of the Shares will be 192,066,853. Following the issue of the Shares, this figure may be used by shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company's securities under the FCA's Disclosure Guidance and Transparency Rules.

The following notifications are made under article 19 of the Market Abuse Regulation ("MAR") 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
	Name	William Rudge
2.	Reason for the Notification
	Position/Status	Finance Director
	Initial notification/amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
	Name	Accsys Technologies plc
	LEI	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
	Description of the Financial instrument, type of instrument	Ordinary shares of €0.05 each in Accsys Technologies plc
	Identification code	GB00BQQFX454
	Nature of the Transaction	Interest in Shares following Exercise of Options
	Price(s) and volume(s)	Price(s)	Volume(s)
		Nil	159,173
	Aggregated information: Aggregated volume Price	N/A
	Date of the transaction	22 June 2021
	Place of the transaction	London Stock Exchange (XLON); AIM Market
	Description of the Financial instrument, type of instrument	Ordinary shares of €0.05 each in Accsys Technologies plc
	Identification code	GB00BQQFX454
	Nature of the Transaction	Disposal of Shares
	Price(s) and volume(s)	Price(s)	Volume(s)
		£1.67	76,557
	Aggregated information: Aggregated volume Price	N/A
	Date of the transaction	22 June 2021
	Place of the transaction	London Stock Exchange (XLON); AIM Market

Ends

For further information, please contact:

Investors:Accsys Technologies PLC Sarah Ogilvie, 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, Geertje Cornelissen	[phone] [phone]
Media:
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 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 characteristics that match or better those of man-made, intensely resource-depleting and heavily carbon-polluting alternatives. 

The company's primary focus is on the production of Accoya^® wood and Tricoya^® wood elements, as well as technology licensing via its subsidiaries Titan Wood Limited and Tricoya Technologies Limited.  Accsys has its head office in London, UK, production operations in Arnhem, the Netherlands, an American office in Dallas, Texas, and is constructing the world's first Tricoya^® plant in Hull, UK.

Accsys is committed to a more sustainable world and uses abundantly available wood sources that are certified as sustainable. With our business model already aligned with several UN Sustainable Development Goals, Accsys is currently working on identifying further strategic ESG priorities to have an even greater positive impact on the world.

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, under the symbols 'AXS'.

More information about Accsys can be found at www.accsysplc.com 

Accoya^® wood is a sustainable, durable and stable solid wood product 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. Produced from certified (e.g. FSC^®) sustainable sources, Accoya^® wood has many environmental credentials and ecolabels, and 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.

With an up to 50 year warranty and 70+ year service life, the combination of sustainability, dimensional stability, durability and retained strength means that Accoya^® wood offers a wealth of new opportunities to architects, designers, specifiers, manufacturers and homeowners. These benefits result in lower maintenance and total cost of ownership while also offering significant sustainability benefits. For more information about Accoya^® wood, visit www.accoya.com.

Tricoya^® acetylated wood elements (www.tricoya.com) 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. Combining the sustainability, durability and stability from our acetylation process with the ease of use and quality finish of wood panel products, the enhanced durability and dimensional stability opens new opportunities for the use of these products, making them suitable in applications and environments that previously required solid wood, synthetic or unsustainable materials.

Tricoya^® wood elements have been lauded as the first major innovation in the wood composites industry in more than 30 years. For more information about Tricoya^® wood elements, visit www.tricoya.com.

Wood acetylation is a process which increases the naturally occurring acetyl content of wood, thereby changing its physical properties. When carried out to a sufficient degree throughout the wood, as with Accsys' proprietary process, it significantly reduces the ability of the wood to absorb water without adding any toxic or harmful compounds, elements or substances that were not already present in the wood. This makes it much more dimensionally stable and, because it is no longer easily digestible to most organisms, extremely durable.

'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 trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya^® brand.

 

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