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AXS Accsys Technologies Plc

57.00
0.70 (1.24%)
24 Apr 2024 - Closed
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
  0.70 1.24% 57.00 54.20 59.00 58.00 55.20 55.20 35,127 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 162.02M -69.86M -0.3173 -1.76 123.29M

Accsys Technologies PLC Employee Benefit Trust and Directors Interests (9152K)

12/07/2017 5:28pm

UK Regulatory


Accsys Technologies (LSE:AXS)
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From Apr 2019 to Apr 2024

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TIDMAXS

RNS Number : 9152K

Accsys Technologies PLC

12 July 2017

AIM: AXS

Euronext Amsterdam: AXS

12 July 2017

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Employee Benefit Trust and Directors' Interests

Further to the Company's previous announcements, including on 28 June 2016, awards over 679,435 ordinary shares of EUR0.05 each in the Company ("Shares") held by the Accsys Employee Benefit Trust ('EBT') vested on 11 July 2017. These awards were granted in line with the Company's employee remuneration and incentivisation arrangements and related to the year ended 31 March 2016.

Certain beneficiaries elected to sell a total of 405,169 Shares on the open market to fund the resulting personal tax liabilities (amongst other reasons), including the executive directors whose names are set out below. These Shares were sold at a price of EUR0.88 per Share on 11 July 2017. The venue of execution was Euronext Amsterdam.

Details concerning Directors' Share sales from the EBT are set out below;

   Name                            Number of EUR0.05                        Number of EUR0.05 
   Shares Vested                          Shares subsequently 

sold

   Paul Clegg                    75,842                                      37,921 
   Hans Pauli                    52,250                                      26,250 
   William Rudge               42,576                                      23,170 

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                                 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            Vesting of shares 
----  -----------------------------------  ------------------------------- 
 c)    Price(s) and volume(s)               Price     Volume(s) 
                                             -------  ---------- 
                                             EUR0.05   75,842 
                                             -------  ---------- 
----  -----------------------------------  ------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                   75,842 
 
 
 d)     - Price                               EUR0.05 
----  -----------------------------------  ------------------------------- 
 e)    Date of the transaction               11/07/2017 
----  -----------------------------------  ------------------------------- 
 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            Sale of shares 
----  -----------------------------------  ------------------------------- 
 c)    Price(s) and volume(s)                Price(s)   Volume(s) 
                                             ---------  ---------- 
                                              EUR0.88    37,921 
                                             ---------  ---------- 
----  -----------------------------------  ------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                   37,921 
 
 
 d)     - Price                               EUR0.88 
----  -----------------------------------  ------------------------------- 
 e)    Date of the transaction               11/07/2017 
----  -----------------------------------  ------------------------------- 
 f)    Place of the transaction              XAMS 
----  -----------------------------------  ------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------ 
 a)    Name                         Hans Pauli 
----  ---------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------ 
 a)    Position/status               Executive Director, Corporate Development 
----  ---------------------------  ------------------------------------------- 
 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    Vesting of shares 
----  ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)       Price     Volume(s) 
                                     -------  ---------- 
                                     EUR0.05   52,250 
                                     -------  ---------- 
----  ---------------------------  ------------------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume 
                                      52,250 
 
 d)     - Price                       EUR0.05 
----  ---------------------------  ------------------------------------------- 
 e)    Date of the transaction       11/07/2017 
----  ---------------------------  ------------------------------------------- 
 f)    Place of the transaction      Off Market Trade 
----  ---------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  ------------------------------------------------------------------------ 
 a)    Name                         Hans Pauli 
----  ---------------------------  ------------------------------------------- 
 2     Reason for the notification 
----  ------------------------------------------------------------------------ 
 a)    Position/status               Executive Director, Corporate Development 
----  ---------------------------  ------------------------------------------- 
 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    Sale of shares 
----  ---------------------------  ------------------------------------------- 
 c)    Price(s) and volume(s)        Price(s)   Volume(s) 
                                     ---------  ---------- 
                                      EUR0.88    26,250 
                                     ---------  ---------- 
----  ---------------------------  ------------------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume 
                                      26,250 
 
 d)     - Price                       EUR0.88 
----  ---------------------------  ------------------------------------------- 
 e)    Date of the transaction       11/07/2017 
----  ---------------------------  ------------------------------------------- 
 f)    Place of the transaction     XAMS 
----  ---------------------------  ------------------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                                 William Rudge 
----  -----------------------------------  ------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                       Finance 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            Vesting of shares 
----  -----------------------------------  ------------------------------- 
 c)    Price(s) and volume(s)               Price     Volume(s) 
                                             -------  ---------- 
                                             EUR0.05   42,576 
                                             -------  ---------- 
----  -----------------------------------  ------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume 
                                              42,576 
 
 d)     - Price                               EUR0.05 
----  -----------------------------------  ------------------------------- 
 e)    Date of the transaction               11/07/2017 
----  -----------------------------------  ------------------------------- 
 f)    Place of the transaction              Off Market Trade 
----  -----------------------------------  ------------------------------- 
 
 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
----  -------------------------------------------------------------------- 
 a)    Name                                 William Rudge 
----  -----------------------------------  ------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------- 
 a)    Position/status                       Finance 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            Sale of shares 
----  -----------------------------------  ------------------------------- 
 c)    Price(s) and volume(s)                Price(s)   Volume(s) 
                                             ---------  ---------- 
                                              EUR0.88    23,170 
                                             ---------  ---------- 
----  -----------------------------------  ------------------------------- 
       Aggregated information 
 
 
        - Aggregated volume                   23,170 
 
 
 d)     - Price                               EUR0.88 
----  -----------------------------------  ------------------------------- 
 e)    Date of the transaction               11/07/2017 
----  -----------------------------------  ------------------------------- 
 f)    Place of the transaction              XAMS 
----  -----------------------------------  ------------------------------- 
 

Ends

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 
 
                                                                         +31 681 734 236 
                                     Frank Neervoort                     +31 2 22 37 96 
 Off the Grid (The Netherlands)      Yvonne Derske                       66 
 

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

DSHQLLFFDDFLBBZ

(END) Dow Jones Newswires

July 12, 2017 12:28 ET (16:28 GMT)

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