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AXS Accsys Technologies Plc

59.00
0.00 (0.00%)
Last Updated: 09:41:13
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Accsys Technologies Plc LSE:AXS London Ordinary Share GB00BQQFX454 ORD EUR0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 59.00 59.00 61.00 60.00 59.00 59.00 31,461 09:41:13
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 162.02M -69.86M -0.3173 -1.86 129.89M

Accsys Technologies PLC Director Dealings (1814D)

24/04/2017 5:59pm

UK Regulatory


Accsys Technologies (LSE:AXS)
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TIDMAXS

RNS Number : 1814D

Accsys Technologies PLC

24 April 2017

AIM: AXS

Euronext Amsterdam: AXS

24 April 2017

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Director Dealings

Accsys, the chemical technology group, focused on the acetylation of wood, announces that following publication of the Company's Prospectus on 29 March 2017, Patrick Shanley, Paul Clegg, Michael Sean Christie and Nick Meyer have each subscribed for, and have today had issued to them, ordinary shares in the capital of the Company ("Shares") under the terms of the Open Offer and at the Offer Price of EUR0.69 per Share. Details of each of these Company Director Dealings are further set out below:

Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                               Montague John Meyer 
----  ---------------------------------  --------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                     Non-Executive Director 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
----  ---------------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Accsys Technologies PLC 
----  ---------------------------------  --------------------------------- 
 b)    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 
----  -------------------------------------------------------------------- 
 a)    Description of the                  Ordinary Shares 
        financial instrument, 
        type of instrument 
                                            GB00BQQFX454 
        Identification code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of the transaction          Firm placing and open offer 
----  ---------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            EUR0.69    460 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                 460 
 
 
 d)     - Price                             EUR0.69 
----  ---------------------------------  --------------------------------- 
 e)    Date of the transaction             24/04/2017 
----  ---------------------------------  --------------------------------- 
 f)    Place of the transaction            Off Market Trade 
----  ---------------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                               Patrick Shanley 
----  ---------------------------------  --------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                     Chairman 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
----  ---------------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Accsys Technologies PLC 
----  ---------------------------------  --------------------------------- 
 b)    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 
----  -------------------------------------------------------------------- 
 a)    Description of the                  Ordinary Shares 
        financial instrument, 
        type of instrument 
                                            GB00BQQFX454 
        Identification code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of the transaction          Firm placing and open offer 
----  ---------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            EUR0.69    2218 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                 2218 
 
 
 d)     - Price                             EUR0.69 
----  ---------------------------------  --------------------------------- 
 e)    Date of the transaction             24/04/2017 
----  ---------------------------------  --------------------------------- 
 f)    Place of the transaction            Off Market Trade 
----  ---------------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                               Michael Sean Christie 
----  ---------------------------------  --------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                     Non-Executive Director 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
----  ---------------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Accsys Technologies PLC 
----  ---------------------------------  --------------------------------- 
 b)    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 
----  -------------------------------------------------------------------- 
 a)    Description of the                  Ordinary Shares 
        financial instrument, 
        type of instrument 
                                            GB00BQQFX454 
        Identification code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of the transaction          Firm placing and open offer 
----  ---------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            EUR0.69    2258 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                 2258 
 
 
 d)     - Price                             EUR0.69 
----  ---------------------------------  --------------------------------- 
 e)    Date of the transaction             24/04/2017 
----  ---------------------------------  --------------------------------- 
 f)    Place of the transaction            Off Market Trade 
----  ---------------------------------  --------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                               Paul Clegg 
----  ---------------------------------  --------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                     Chief Executive Officer 
----  ---------------------------------  --------------------------------- 
 b)    Initial notification               Initial Notification 
        /Amendment 
----  ---------------------------------  --------------------------------- 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
----  -------------------------------------------------------------------- 
 a)    Name                               Accsys Technologies PLC 
----  ---------------------------------  --------------------------------- 
 b)    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 
----  -------------------------------------------------------------------- 
 a)    Description of the                  Ordinary Shares 
        financial instrument, 
        type of instrument 
                                            GB00BQQFX454 
        Identification code 
----  ---------------------------------  --------------------------------- 
 b)    Nature of the transaction          Firm placing and open offer 
----  ---------------------------------  --------------------------------- 
 c)    Price(s) and volume(s)              Price(s)   Volume(s) 
                                           ---------  ---------- 
                                            EUR0.69    19119 
                                           ---------  ---------- 
----  ---------------------------------  --------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                 19119 
 
 
 d)     - Price                             EUR0.69 
----  ---------------------------------  --------------------------------- 
 e)    Date of the transaction             24/04/2017 
----  ---------------------------------  --------------------------------- 
 f)    Place of the transaction            Off Market Trade 
----  ---------------------------------  --------------------------------- 
 

For further information, please contact:

 
 Accsys Technologies               Paul Clegg, CEO                      via MHP Communications 
  PLC                               Will Rudge, FD 
                                    Hans Pauli, Executive Director, 
                                    Corporate 
                                    Development 
                                   Nominated Adviser: Oliver 
                                    Cardigan 
                                    Jamie Lillywhite 
                                    Corporate Broking: Christopher 
                                    Wilkinson                          +44 (0) 20 7260 
 Numis Securities                   Ben Stoop                           1000 
                                   Tim Rowntree                        +44 (0) 20 3128 
 MHP Communications                 Kelsey Traynor                      8100 
 
                                     Frank Neervoort                     +31 681 734 236 
 Off the Grid (The Netherlands)      Giedo Van Der Zwan                  +31 624 212 238 
 

Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is a chemical technology group 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 London, United Kingdom, an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc) and technology licencing associated with the acetylation of wood elements via its subsidiary Tricoya Technologies Limited. 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'. 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, 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. 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 panel products such as medium density fibreboard and particle-board. These products 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. 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 subsidiary of TWL with exclusive rights to exploit the Tricoya(R) brand.

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHBLGDSLUDBGRS

(END) Dow Jones Newswires

April 24, 2017 12:59 ET (16:59 GMT)

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