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AXS Accsys Technologies Plc

59.00
0.00 (0.00%)
Last Updated: 08:26:15
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 60.00 60.00 59.00 59.00 27,992 08:26:15
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 Notifiable Interest - Teslin (8820P)

05/09/2017 2:36pm

UK Regulatory


Accsys Technologies (LSE:AXS)
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TIDMAXS

RNS Number : 8820P

Accsys Technologies PLC

05 September 2017

AIM: AXS

Euronext Amsterdam: AXS

05 September 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                                                     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                                             Teslin Participaties Coöperatief 
  to the                                                                                                        U.A. 
  notification obligation: (iii) 
------------------------------------------------------------------------  ------------------------------------------ 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
------------------------------------------------------------------------  ------------------------------------------ 
 5. Date of the transaction and date                                                            September 1(st) 2017 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
------------------------------------------------------------------------  ------------------------------------------ 
 6. Date on which issuer notified:                                                            September 4(th) , 2017 
------------------------------------------------------------------------  ------------------------------------------ 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                            8,0% 
------------------------------------------------------------------------  ------------------------------------------ 
 
 
 
 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 
                  of               of               of shares      rights                      rights (x) 
                  Shares           Voting 
                                   Rights 
--------------  ---------------  ---------------  -------------  --------------------------  ------------------------- 
                                                   Direct         Direct (xi)    Indirect     Direct     Indirect 
                                                                                 (xii) 
--------------      -----------    -----------    -------------  -------------  -----------  ---------  -------------- 
 
 
  GB00BQQFX454   7,820,400        7,820,400        8,953,184      8,953,184      n.a.         8,061      n.a.% 
                ---------------  ---------------  -------------  -------------  -----------  ---------  -------------- 
 
 
 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        % of voting rights 
 financial          price         date (xvii)    Conversion       voting            (xix, xx) 
 instrument                                      period (xviii)   rights 
                                                                  instrument 
                                                                  refers to 
----------------  -------------  -------------  ---------------  ---------------  ------------------------------------ 
                                                                                   Nominal                 Delta 
----------------  -------------  -------------  ---------------  ---------------  ----------------------  ------------ 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                             Percentage of voting rights 
--------------------------------------------------  ------------------------------------------------------------------ 
 8,953,184                                           8,061 
--------------------------------------------------  ------------------------------------------------------------------ 
 
 
 
 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: 
---------------------------------------------------------------------------  ---- 
 15. Contact telephone number: 
---------------------------------------------------------------------------  ---- 
 
 

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)     Yvonne Derske                       +31 222 379 666 
 

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. 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

HOLFMGGLFKFGNZM

(END) Dow Jones Newswires

September 05, 2017 09:36 ET (13:36 GMT)

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