Accsys Technologies PLC Notifiable Interest (3736X)

TIDMAXS

RNS Number : 3736X

Accsys Technologies PLC

10 January 2014

AIM: AXS

NYSE Euronext Amsterdam: AXS

10 January 2014

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Notifiable Interest

The Company announces that it received the following notification on 9 January 2014

 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------------------------------------------- 
 
 1. Identity of the issuer or the underlying 
  issuer                                                                                         Accsys Technologies PLC 
  of existing shares to which voting rights 
  are 
  attached: (ii) 
-------------------------------------------------------------------------------  ---------------------------------------------------- 
 2 Reason for the notification (please tick the appropriate box or boxes): 
------------------------------------------------------------------------------------------------------------------------------------- 
 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 
----------------------------------------------------------------------------------------------------------------------------  ------- 
 Other (please 
  specify): 
-----------------------  ---------------------------------------------------------------------------------------------------  ------- 
 3. Full name of person(s) subject                                                       Henderson Global Investors 
  to the 
  notification obligation: (iii) 
---------------------------------------------------------------------  -------------------------------------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
---------------------------------------------------------------------  -------------------------------------------------------------- 
 5. Date of the transaction and date                                                           07 January 2014 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
---------------------------------------------------------------------  -------------------------------------------------------------- 
 6. Date on which issuer notified:                                                             08 January 2014 
---------------------------------------------------------------------  -------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed                                                              Above 5% 
  or 
  reached: (vi, vii) 
---------------------------------------------------------------------  -------------------------------------------------------------- 
 8. Notified details: 
------------------------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------------------------------------- 
 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        Below 5%               Below 5%                                                                      5.16% 
                 -------------------  -----------------------  ----------------    ------------                        -------------- 
                    22,658,000 
            --------------------------   ----------------------------------------------------------------------------  -----  ------- 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------------------------------------- 
 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) 
------------------------------------------------------------------------------------------------------------------------------------- 
 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) 
------------------------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                                    Percentage of voting rights 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
                                                                                                      5.16% 
                                 22,658,000 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 9. Chain of controlled undertakings through which the voting rights and/or 
  the 
  financial instruments are effectively held, if applicable: (xxi) 
------------------------------------------------------------------------------------------------------------------------------------- 
 
 
 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:                                                                                Wayne Powell 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 15. Contact telephone number:                                                                    020 7818 6691 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Note: Annex should only be submitted to the FSA not the issuer 
 Annex: Notification of major interests in share 
 
 A: Identity of the persons or legal entity subject to the notification 
  obligation 
------------------------------------------------------------------------------------------------------------------------------------- 
 Full name 
  (including legal form of legal entities) 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Contact address 
  (registered office for legal entities) 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Phone number & email 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Other useful information 
  (at least legal representative for 
  legal persons) 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 
 B: Identity of the notifier, if applicable 
------------------------------------------------------------------------------------------------------------------------------------- 
 Full name 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Contact address 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Phone number & email 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 Other useful information 
  (e.g. functional relationship with 
  the person or legal entity subject 
  to the notification obligation) 
-------------------------------------------------------------------------  ---------------------------------------------------------- 
 
 C: Additional information 
------------------------------------------------------------------------------------------------------------------------------------- 
 
 
 

Ends

For further information, please contact:

 
 Accsys Technologies               Paul Clegg, CEO                     via Blythe Weigh 
  PLC                               Hans Pauli, COO                     Communications 
                                    Will Rudge, FD 
                                   Nominated Adviser: Oliver 
                                    Cardigan 
                                    Corporate Broking: Christopher 
                                    Wilkinson                         [phone] 
 Numis Securities                   Ben Stoop                          1000 
                                                                      [phone] 
                                                                       3204 
                                     Paul Weigh                        [phone] 
 Blythe Weigh Communications         Eleanor Parry                     [phone] 
 
                                     Frank Neervoort                    [phone] 
 Off the Grid (The Netherlands)      Giedo Van Der Zwan                 [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(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.

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, it 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. These benefits result in lower maintenance and total cost of ownership while using a higher sustainable and environmental responsible building material. 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. Exploitation of Accsys' proprietary technology relating to Tricoya(R) Wood Elements is carried out through Tricoya Technologies Limited, a joint venture between Accsys and INEOS Industries Holdings Limited. Tricoya(R) Wood Elements are 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 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.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA(R), TRICOYA(R) and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya(R) registered trademark, from Tricoya Technologies Limited, a joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya(R) brand.

This information is provided by RNS

The company news service from the London Stock Exchange

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