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TIDMAXS
RNS Number : 3992A
Accsys Technologies PLC
29 March 2012
AIM: AXS
NYSE Euronext Amsterdam: AXS
29 March 2012
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following notification on 29 March 2012
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
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1. Identity of the issuer or the underlying Accsys Technologies PLC
issuer
of existing shares to which voting rights
are
attached: (ii)
---------------------------------------------------------------------- --------------------------------------------------
2 Reason for the notification (please tick the appropriate box or boxes):
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An acquisition or disposal of voting rights X
---------------------------------------------------------------------------------------------------------------- --------
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
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Other (please
specify):
---------------------- ---------------------------------------------------------------------------------------- --------
3. Full name of person(s) subject Zurab Lysov
to the
notification obligation: (iii)
-------------------------------------------------------------- ----------------------------------------------------------
4. Full name of shareholder(s)
(if different from 3.):(iv)
-------------------------------------------------------------- ----------------------------------------------------------
5. Date of the transaction and date 27(th) March 2012
on
which the threshold is crossed
or
reached: (v)
-------------------------------------------------------------- ----------------------------------------------------------
6. Date on which issuer notified: 29(th) March 2012
-------------------------------------------------------------- ----------------------------------------------------------
7. Threshold(s) that is/are crossed Above 3%
or
reached: (vi, vii)
-------------------------------------------------------------- ----------------------------------------------------------
8. Notified details:
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A: Voting rights attached to shares (viii, ix)
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Class/type Situation previous Resulting situation after the triggering
of to the triggering transaction
shares transaction
if possible
using
the ISIN
CODE
------------- -------------------------------------- -------------------------------------------------------------------
Number Number Number Number of voting % of voting rights
of of of shares rights (x)
Shares Voting
Rights
------------- ------------------- ----------------- --------------- ---------------------- --------------------------
Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- ----- ------- ------ ----- --------------- ----------- --------- ----------- -------------
GB00B0LMC530 12,400,000 12,400,000 15,000,000 15,000,000 3.71%
------------------- ----------------- --------------- ----------- --------- ----------- -------------
B: Qualifying Financial Instruments
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Resulting situation after the triggering transaction
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Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period rights that may rights
(xiv) be
acquired if the
instrument is
exercised/ converted.
------------------------- --------------- -------------------------- -------------------------- ----------------------
C: Financial Instruments with similar economic effect to Qualifying Financial
Instruments (xv, xvi)
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Resulting situation after the triggering transaction
--------------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting % of voting rights
financial price date (xvii) Conversion rights instrument (xix, xx)
instrument period refers to
(xviii)
--------------- ----------------- ------------- ------------------- -------------------------- ----------------------
Nominal Delta
--------------- ----------------- ------------- ------------------- -------------------------- ------------ --------
Total (A+B+C)
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Number of voting rights Percentage of voting rights
----------------------------------------------------------------- -------------------------------------------------------
15,000,000 3.71%
----------------------------------------------------------------- -------------------------------------------------------
9. Chain of controlled undertakings through which the voting rights and/or
the
financial instruments are effectively held, if applicable: (xxi)
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Proxy Voting:
--------------------------------------------------------------------------------------------------------------------------
10. Name of the proxy holder:
----------------------------------------------------------------------------------- -------------------------------------
11. Number of voting rights proxy holder will
cease
to hold:
----------------------------------------------------------------------------------- -------------------------------------
12. Date on which proxy holder will cease to
hold
voting rights:
----------------------------------------------------------------------------------- -------------------------------------
13. Additional information:
----------------------------------------------------------------- -------------------------------------------------------
14. Contact name: Boris Bolchakov
----------------------------------------------------------------- -------------------------------------------------------
15. Contact telephone number: 7 495 236 3018
----------------------------------------------------------------- -------------------------------------------------------
ENDS
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Citigate Dewe
PLC Hans Pauli, CFO Rogerson
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0)20 7260
Numis Securities Ben Stoop 1000
Ginny Pulbrook +44 20 7282 2945
Malcolm Robertson +44 20 7282 2867
Citigate Dewe Rogerson Suzanne Bakker +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(R) 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(R) 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(R) wood and Tricoya(R) 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(R) 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(R) 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(R) 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(R) wood offers a wealth of new opportunities to architects, designers and specifiers. For marine uses where weight is also important, Accoya(R) 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(R) news, visit www.accoya.com/news.asp.
Tricoya(R) 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(R) Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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