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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 |
TIDMAXS
RNS Number : 7809V
Accsys Technologies PLC
25 July 2018
25 July 2018 AIM: AXS
Euronext Amsterdam: AXS
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 X ---------------------------------------------------------------------------- -------------------------------------- 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 July 25(th) , 2018 on which the threshold is crossed or reached: (v) ------------------------------------------ 6. Date on which issuer notified: July 25(th) , 2018 ------------------------------------------ 7. Threshold(s) that is/are crossed or reached: (vi, vii) 13.0% ------------------------------------------ 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 Indirect Direct Indirect (xi) (xii) --------- ----------- ------------ ----------- ----------- --------- ------- --------- GB00BQQFX454 14,647,548 14,647,548 14,647,548 14,647,548 n.a. 12.42 n.a.% ---------------------- ------------ ----------- ----------- --------- ------- --------- B: Qualifying Financial Instruments Resulting situation after the triggering transaction Type of Expiration Exercise/ Number of voting % of voting financial date (xiii) Conversion rights that may rights instrument Period be (xiv) 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 Conversion rights instrument (xix, xx) instrument (xvii) period refers to (xviii) --------- ----------- ------------ ------------------------ ----------------------------- Nominal Delta --------- ----------- ------------ ------------------------ ------------------ --------- Total (A+B+C) Number of voting rights Percentage of voting rights ---------------------------- 14,647,548 12.42% ---------------------------- 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: 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 Derkse +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 Tricoya(R) wood elements, 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 licensing 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 four principal business units: (i) Accoya(R) wood production; (ii) building and operating of Tricoya(R) wood chip acetylation plant in Hull; (iii) 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 (iv) 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 highly sustainable and environmentally 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 naturally occurring '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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
HOLRAMATMBITBRP
(END) Dow Jones Newswires
July 25, 2018 11:51 ET (15:51 GMT)
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