Accsys Technologies PLC Notifiable Interest - De Engh B.V. (8055T)

TIDMAXS

RNS Number : 8055T

Accsys Technologies PLC

22 July 2020

AIM: AXS

Euronext Amsterdam: AXS

22 July 2020

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

Notifiable Interest - De Engh B.V.

TR-1: S tandard form for notification of major holdings

 
 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                                    B.V. Beleggingsfonds "Hoogh Blarick" 
  to the 
  notification obligation: (iii) 
                                             ------------------------------------------------------------- 
 4. Full name of shareholder(s)                                                               De Engh B.V. 
  (if different from 3.):(iv) 
                                             ------------------------------------------------------------- 
 5. Date of the transaction and date                                                      July 21(st) 2020 
  on 
  which the threshold is crossed 
  or 
  reached: (v) 
                                             ------------------------------------------------------------- 
 6. Date on which issuer notified:                                                        July 21(st) 2020 
                                             ------------------------------------------------------------- 
 7. Threshold(s) that is/are crossed 
  or 
  reached: (vi, vii)                                                                                  7.0% 
                                             ------------------------------------------------------------- 
 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    11,233,151    11,233,151    12,025,603    12,025,603    n.a.        7.320%      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 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 (xviii)      refers to 
                   ---------------  ------------------  ------------------  -------------------  --------------------- 
                                                                                                  Nominal       Delta 
                   ---------------  ------------------  ------------------  -------------------  ------------  ------- 
 
 
 Total (A+B+C) 
 Number of voting rights                                   Percentage of voting rights 
                                                          ------------------------------------------------------------ 
 12,025,603                                                7.320% 
                                                          ------------------------------------------------------------ 
 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: 
                                                          ------------------------------------------------------------ 
 
 
 

Ends

For further information, please contact:

 
 Accsys Technologies               Robert Harris, CEO      via FTI Consulting 
  PLC                               William Rudge, FD 
 Numis Securities Limited 
  -Nominated Adviser 
  and                              Oliver Hardy (NOMAD) 
  Joint Broker                      Ben Stoop              [phone] 
                                    Carlton Nelson 
  Investec Bank plc -                James Rudd 
   Joint Broker                      Alex Wright            [phone] 
                                   Matthew O'Keeffe 
 FTI Consulting                     Alex Le May            [phone] 
                                   Frank Neervoort         [phone] 
 Off the Grid (The Netherlands)     Yvonne Derkse           [phone] 
 

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 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 characteristics that match or better those of man-made, intensely resource-depleting and heavily carbon-polluting alternatives.

The company's primary focus is on the production of Accoya(R) wood and Tricoya(R) wood elements, as well as technology licensing via its subsidiaries Titan Wood Limited and Tricoya Technologies Limited. Accsys has its head office in London, UK, production operations in Arnhem, the Netherlands, an American office in Dallas, Texas, and is constructing the world's first Tricoya(R) plant in Hull, UK.

Accsys is committed to a more sustainable world, and uses abundantly available wood sources that are certified as sustainable. With our business model already aligned with several UN Sustainable Development Goals, Accsys is currently working on identifying further strategic ESG priorities to have an even greater positive impact on the world.

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'.

More information about Accsys can be found at www.accsysplc.com

Accoya (R) wood is a sustainable, durable and stable solid wood product 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. Produced from certified (e.g. FSC(R)) sustainable sources, Accoya(R) wood has many environmental credentials and ecolabels, and 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.

With an up to 50 year warranty and 70+ year service life, the combination of sustainability, dimensional stability, durability and retained strength means that Accoya(R) wood offers a wealth of new opportunities to architects, designers, specifiers, manufacturers and homeowners. These benefits result in lower maintenance and total cost of ownership while also offering significant sustainability benefits. For more information about Accoya(R) wood, visit www.accoya.com .

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 (MDF) and particle-board.

Panel products made with Tricoya(R) wood elements are truly durable and stable enough for use outdoors and in wet environments. Combining the sustainability, durability and stability from our acetylation process with the ease of use and quality finish of wood panel products, the enhanced durability and dimensional stability opens new opportunities for the use of these products, making them suitable in applications and environments that previously required solid wood, synthetic or unsustainable materials.

Tricoya(R) wood elements have been lauded as the first major innovation in the wood composites industry in more than 30 years. For more information about Tricoya(R) wood elements, visit www.tricoya.com.

In March 2017, Accsys announced the formation of the Tricoya(R) Consortium to fund, build, own and operate the Tricoya(R) plant in Hull, UK, through its subsidiary Tricoya Ventures UK Limited. Members of the consortium include BP and the leading manufacturer of sustainable wood-based panels, MEDITE Europe DAC. More information is available at: https://www.accsysplc.com/about-us/accsys-corporate-structure/

Wood acetylation is a process which increases the naturally occurring acetyl content of wood, thereby changing its physical properties. When carried out to a sufficient degree throughout the wood, as with Accsys' proprietary process, it significantly reduces the ability of the wood to absorb water without adding any toxic or harmful compounds, elements or substances that were not already present in the wood. This makes it much more dimensionally stable and, because it is no longer easily digestible to most organisms, extremely durable.

'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya(R), Tricoya(R) 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(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 [e-mail] or visit www.rns.com.

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July 22, 2020 11:44 ET (15:44 GMT)