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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 | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 1.74% | 58.50 | 57.20 | 59.80 | 59.80 | 58.00 | 58.00 | 114,371 | 16:35:02 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Manufacturing Industries,nec | 162.02M | -69.86M | -0.3173 | -1.88 | 131.65M |
TIDMAXS
RNS Number : 4870H
Accsys Technologies PLC
28 July 2023
AIM: AXS
Euronext Amsterdam: AXS
28 July 2023
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Director Interests and Long Term Incentive Plan (LTIP) Awards
Accsys, the fast-growing and eco-friendly company that combines technology and ingenuity to enhance the properties of wood to create products that are extremely durable and stable, presenting new opportunities for the built environment, today announces that the Remuneration Committee has granted long term incentive awards to various senior employees, including the Chief Executive Officer, Jelena Arsic van Os, and Chief Financial Officer, Steven Salo. The awards have been granted in accordance with the terms of new LTIP plan rules which the Company will be putting to its shareholders for approval at the next AGM, due to be held on 20 September 2023 (the "LTIP Plan Rules").
The awards are nil priced options over a total of 1,306,659 new ordinary shares of EUR0.05 each in the Company. Of this total, an award over 499,488 shares has been granted to Jelena Arsic van Os, and an award over 271,516 shares to Steven Salo.
The awards will vest three years after grant, subject to the terms of the LTIP Plan Rules, including continued employment of the beneficiaries by the Company and satisfaction of performance targets. Information in relation to the performance conditions is contained in the Directors' Remuneration Report for the year ended 31 March 2023. A two-year holding period applies to the awards granted to Jelena Arsic van Os and Steven Salo following the end of the vesting period.
In addition, Jelena Arsic van Os has been granted an award in accordance with the LTIP Plan Rules in respect of a vested award granted by her former employer which she forfeited in connection with joining the Company (the "Buy-Out Award"). The Buy-Out Award is a nil priced option over 131,557 new ordinary shares of EUR0.05 each in the Company. Further information in relation to the Buy-Out Award is contained in the Directors' Remuneration Report for the year ended 31 March 2023.
The Directors' Remuneration Report for the year ended 31 March 2023 can be found on page 93 of the Annual Report and Financial Statements covering the same period (see www.accsysplc.com/investors/reports-results/ ).
Details of the person discharging managerial responsibilities/person 1 closely associated a) Name Jelena Arsic van Os ------------------------------- ------------------------------------- Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status Chief Executive Officer ------------------------------- ------------------------------------- b) Initial notification/ Amendment Initial notification ------------------------------- ------------------------------------- Details of the issuer 3 ---------------------------------------------------------------------- a) Name Accsys Technologies PLC ------------------------------- ------------------------------------- b) LEI code 213800HKRFK8PNUNV581 ------------------------------- ------------------------------------- Details of the transaction(s): section to be repeated 4 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 financial Ordinary shares of EUR0.05 each instrument, type of instrument Identification code ISIN GB00BQQFX454 ------------------------------- ------------------------------------- b) Nature of the transaction Grant of LTIP Options over Ordinary Shares. ------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 499,488 ---------- ------------------------------- ------------------------------------- d) Aggregated information - Aggregated volume Not applicable - single transaction - Price ------------------------------- ------------------------------------- e) Date of the transaction 27 July 2023 ------------------------------- ------------------------------------- f) Place of the transaction Outside of a trading venue ------------------------------- ------------------------------------- Details of the person discharging managerial responsibilities/person 1 closely associated a) Name Steven Salo ------------------------------- ------------------------------------- Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status Chief Financial Officer ------------------------------- ------------------------------------- b) Initial notification/ Amendment Initial notification ------------------------------- ------------------------------------- Details of the issuer 3 ---------------------------------------------------------------------- a) Name Accsys Technologies PLC ------------------------------- ------------------------------------- b) LEI code 213800HKRFK8PNUNV581 ------------------------------- ------------------------------------- Details of the transaction(s): section to be repeated 4 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 financial Ordinary shares of EUR0.05 each instrument, type of instrument Identification code ISIN GB00BQQFX454 ------------------------------- ------------------------------------- b) Nature of the transaction Grant of LTIP Options over Ordinary Shares. ------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 271,516 ---------- ------------------------------- ------------------------------------- d) Aggregated information - Aggregated volume Not applicable - single transaction - Price ------------------------------- ------------------------------------- e) Date of the transaction 27 July 2023 ------------------------------- ------------------------------------- f) Place of the transaction Outside of a trading venue ------------------------------- ------------------------------------- Details of the person discharging managerial responsibilities/person 1 closely associated a) Name Jelena Arsic van Os ------------------------------- ------------------------------------- Reason for the notification 2 ---------------------------------------------------------------------- a) Position/status Chief Executive Officer ------------------------------- ------------------------------------- b) Initial notification/ Amendment Initial notification ------------------------------- ------------------------------------- Details of the issuer 3 ---------------------------------------------------------------------- a) Name Accsys Technologies PLC ------------------------------- ------------------------------------- b) LEI code 213800HKRFK8PNUNV581 ------------------------------- ------------------------------------- Details of the transaction(s): section to be repeated 4 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 financial Ordinary shares of EUR0.05 each instrument, type of instrument Identification code ISIN GB00BQQFX454 ------------------------------- ------------------------------------- b) Nature of the transaction Grant of an option to replace incentive pay forfeited by the executive on leaving her previous employment. ------------------------------- ------------------------------------- c) Price(s) and volume(s) Price(s) Volume(s) Nil 131,557 ---------- ------------------------------- ------------------------------------- d) Aggregated information - Aggregated volume Not applicable - single transaction - Price ------------------------------- ------------------------------------- e) Date of the transaction 27 July 2023 ------------------------------- ------------------------------------- f) Place of the transaction Outside of a trading venue ------------------------------- -------------------------------------
Ends
For further information, please contact:
Accsys Technologies PLC Katharine Rycroft, Head of Investor Relations +44 (0) 7783 776080 ======================================== ====================== Numis Securities (London) Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000 ======================================== ====================== Investec Bank plc (London) Carlton Nelson, Alex Wright +44 (0) 20 7597 5970 ABN Amro (Amsterdam) Richard van Etten, Dennis van Helmond +31 20 344 2000 ======================================== ====================== FTI Consulting (UK) Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340 ======================================== ====================== Huijskens Sassen Communications (The Netherlands) Clemens Sassen +31 20 685 5955 ======================================== ======================
Notes to editors:
Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make Accoya wood and Tricoya wood elements: high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably. Accsys transforms fast-growing, certified sustainable wood into building materials with an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'. Visit www.accsysplc.com
Accoya solid wood is sustainable, durable, and stable with exceptional performance, finish and sustainability. Accsys' proprietary acetylation process makes the wood more dimensionally stable and because it is no longer easily digestible, extremely durable. It is one of very few building materials to be Cradle to Cradle Certified(TM) at the Gold level, with a Platinum rating for Material Health, confirming that no harmful or toxic additives or chemicals are present to leach out into the environment. Primary applications for Accoya wood include windows, doors, cladding and decking, where the combination of performance and sustainability benefits compete favorably against hardwoods, plastics, metals and concrete. Visit www.accoya.com
Tricoya acetylated wood elements are produced for use in the fabrication of panel products such as medium density fibreboard (MDF). Panel products made with Tricoya wood elements are truly durable and stable enough for use outdoors and in wet environments, unlocking new possibilities for design and construction. They have been lauded as the first major innovation in the wood composites industry in more than 30 years and bring the flexibility of traditional panel products and sustainability benefits of wood to a whole new range of applications. Visit www.tricoya.com
Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. 'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya, Tricoya and the Trimarque Device are registered trademarks owned by TWL, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya registered brand trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya brand.
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July 28, 2023 02:00 ET (06:00 GMT)
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