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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.30 | -0.53% | 56.20 | 56.00 | 56.40 | 56.00 | 56.00 | 56.00 | 100,525 | 16:35:06 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Manufacturing Industries,nec | 162.02M | -69.86M | -0.3173 | -1.76 | 123.29M |
From Apr 2019 to Apr 2024
TIDMAXS
RNS Number : 4142T
Accsys Technologies PLC
12 October 2017
AIM: AXS
Euronext Amsterdam: AXS
12 October 2017
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
TR-1: Standard form for notification of major holdings
Hot Features
Premium
NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and
to the FCA in Microsoft Word format if possible)(i)
------------------------------------------------------------------------------------------------------------------
1a. Identity of the issuer or the Accsys Technologies PLC
underlying issuer of existing shares
to which voting rights are attached(ii)
:
------------------------------------------------------- ---------------------------------------------------------
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
------------------------------------------------------------------------------------------------------------------
Non-UK issuer
---------------------------------------------------------------------------------------------- ------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
------------------------------------------------------------------------------------------------------------------
An acquisition or disposal of voting rights X
---------------------------------------------------------------------------------------------- ------------------
An acquisition or disposal of financial instruments
---------------------------------------------------------------------------------------------- ------------------
An event changing the breakdown of voting rights
---------------------------------------------------------------------------------------------- ------------------
Other (please specify)(iii) :
---------------------------------------------------------------------------------------------- ------------------
3. Details of person subject to the notification obligation(iv)
Name INEOS INDUSTRIES HOLDINGS LTD
City and country of registered office Lyndhurst, UK
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
------------------------------------------------------------------------------------------------------------------
Name
------------------------------------------------------- ---------------------------------------------------------
City and country of registered office
(if applicable)
------------------------------------------------------- ---------------------------------------------------------
5. Date on which the threshold was 10(th) October 2017
crossed or reached(vi) :
------------------------------------------------------- ---------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 11(th) October 2017
------------------------------------------------------- ---------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
------------------------------------------------------------------------------------------------------------------
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
------------------------------ ----------------------- ------------------- ---------------- ------------------
Resulting situation
on the date
on which threshold
was crossed
or reached 2.995% 2.995% 3,335,882
------------------------------ ----------------------- ------------------- ---------------- ------------------
Position of
previous notification
(if
applicable) 3.984% 3.984%
------------------------------ ----------------------- ------------------- ---------------- ------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
--------------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares
--------------------------------------------------------------------------------------------------------------------------
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
-----------------
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------- -------------------- --------------------- ----------------------------------- ---------------------
GB00BQQFX454 3,335,882 2.995%
----------------- -------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. A 3,335,882 2.995%
----------------- ------------------------------------------- ----------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
--------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Number of voting % of voting
financial date(x) Conversion rights that may rights
instrument Period(xi) be acquired if
the instrument
is
exercised/converted.
----------------- -------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ----------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
--------------------------------------------------------------------------------------------------------------------------
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
---------------- --------------------- --------------------- ---------------- ----------------- ---------------------
SUBTOTAL 8.B.2
---------------- ----------------- ---------------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights X
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
----------------------------------------------------------------------------- ---------------------
Name(xv) % of voting rights % of voting rights Total of both
if it equals or through financial if it equals
is higher than instruments if it or is higher
the notifiable equals or is higher than the notifiable
threshold than the notifiable threshold
threshold
------------------------------- -------------------- ---------------------- ---------------------
James Arthur Ratcliffe
(Controlling shareholder) 1.7578%
------------------------------- -------------------- ---------------------- ---------------------
INEOS Limited 2.995%
------------------------------- -------------------- ---------------------- ---------------------
INEOS AG
(100% subsidiary
of above) 2.995%
------------------------------- -------------------- ---------------------- ---------------------
INEOS Industries
Limited
(100% subsidiary of above) 2.995% ------------------------------- -------------------- ---------------------- --------------------- INEOS Industries Holdings Limited (100% subsidiary of above) 2.995% ------------------------------- -------------------- ---------------------- --------------------- 10. In case of proxy voting, please identify: ---------------------------------------------------------------------------------------------------- Name of the proxy holder ----------------------------------------------------- --------------------------------------------- The number and % of voting rights held ----------------------------------------------------- --------------------------------------------- The date until which the voting rights will be held ----------------------------------------------------- --------------------------------------------- 11. Additional information(xvi) ---------------------------------------------------------------------------------------------------- Place of completion London -------------------- -------------------- Date of completion 10(th) October 2017 -------------------- --------------------
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
Off the Grid Frank Neervoort +31 222 379
(The Netherlands) Yvonne Derske 666
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. Moreover, the Accoya(R) wood production process does not compromise the wood's strength or machinability. The combination of 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.
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
HOLGRBDGCDBBGRD
(END) Dow Jones Newswires
October 12, 2017 03:34 ET (07:34 GMT)
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