Accsys Technologies PLC Notifiable Interest - Ineos Industries Holdings (6145D)

TIDMAXS

RNS Number : 6145D

Accsys Technologies PLC

27 April 2017

AIM: AXS

Euronext Amsterdam: AXS

27 April 2017

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Notifiable Interest

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------------------------------------------------------------------- 
 
 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): 
-------------------------------------------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights 
---------------------------------------------------------------------------------------------------------- 
 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                                                            P 
---------------------------------------------------------------------------------------------------------- 
 Other (please                                                              Passive crossing of threshold 
  specify): 
-------------------------------------------------------------------------  ------------------------------- 
 3. Full name of person(s) subject                                               INEOS INDUSTRIES HOLDINGS LTD 
  to the 
  notification obligation: (iii) 
--------------------------------------------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
--------------------------------------------------------------------------  ---------------------------------- 
 5. Date of the transaction and date                                                         24(th) April 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
--------------------------------------------------------------------------  ---------------------------------- 
 6. Date on which issuer notified:                                                           27(th) April 2017 
--------------------------------------------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                        5% 
--------------------------------------------------------------------------  ---------------------------------- 
 
 
 
 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) 
-------------      -----------    -----------    -------------  ------------  -----------  ------------  ------------- 
 GB00BQQFX454   4,705,882        4,705,882        4,705,882      4,705,882                  4.24% 
               ---------------  ---------------  -------------  ------------  -----------  ------------  ------------- 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of            Expiration     Exercise/                       Number of voting             % of voting 
 financial           date (xiii)    Conversion Period               rights that may              rights 
 instrument                         (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 
-------------------------------------------------  ------------------------------------------------------------------- 
                                        4,705,882                                                                4.24% 
-------------------------------------------------  ------------------------------------------------------------------- 
 
 
 
 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:                                                              Martin Olavesen 
----------------------------------------------------------------------------  ----------------- 
 15. Contact telephone number:                                                 + 41 79 907 6274 
----------------------------------------------------------------------------  ----------------- 
 
 

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                          [phone] 
 Numis Securities                   Ben Stoop                           1000 
                                   Tim Rowntree                        [phone] 
 MHP Communications                 Kelsey Traynor                      8100 
 
                                     Frank Neervoort                     [phone] 
 Off the Grid (The Netherlands)      Giedo Van Der Zwan                  [phone] 
 

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

HOLBLGDSRBDBGRR

(END) Dow Jones Newswires

April 27, 2017 12:19 ET (16:19 GMT)