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AXS Accsys Technologies Plc

57.50
-0.20 (-0.35%)
08 May 2024 - Closed
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
  -0.20 -0.35% 57.50 57.00 60.00 5,199 16:35:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 162.02M -69.86M -0.3173 -1.82 127.03M

Accsys Technologies PLC Notifiable Interest - De Engh (8036I)

06/12/2022 3:43pm

UK Regulatory


Accsys Technologies (LSE:AXS)
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From May 2022 to May 2024

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TIDMAXS

RNS Number : 8036I

Accsys Technologies PLC

06 December 2022

AIM: AXS

Euronext Amsterdam: AXS

6 December 2022

Accsys Technologies PLC

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

Notifiable Interest - De Engh

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

 
 NOTIFICATION OF MAJOR HOLDINGS (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 
                                                                                                ------------------ 
 An acquisition or disposal of financial instruments 
                                                                                                ------------------ 
 An event changing the breakdown of voting rights                                                        X 
                                                                                                ------------------ 
 Other (please specify) (iii) : 
                                                                                                ------------------ 
 3. Details of person subject to the notification obligation (iv) 
 Name                                                    Hoogh Blarick B.V. 
 City and country of registered office                   Naarden, The Netherlands 
  (if applicable) 
 4. Full name of shareholder(s) (if different from 3.) (v) 
 Name                                                    De Engh 
                                                        ---------------------------------------------------------- 
 City and country of registered office                   Naarden, The Netherlands 
  (if applicable) 
                                                        ---------------------------------------------------------- 
 5. Date on which the threshold was                      07/11/2022 
  crossed or reached (vi) : 
                                                        ---------------------------------------------------------- 
 6. Date on which issuer notified                        05/12/2022 
  (DD/MM/YYYY): 
                                                        ---------------------------------------------------------- 
 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)          held in issuer 
                                       of 8. A)            (total of 8.B                          (8.A + 8.B) 
                                                             1 + 8.B 2)                           (vii) 
                              ------------------------  -------------------  -----------------  ------------------ 
 Resulting situation 
  on the date 
  on which threshold 
  was crossed 
  or reached                   10.578000%                                     10.578000%         23,114,360 
                              ------------------------  -------------------  -----------------  ------------------ 
 Position of 
  previous notification 
  (if 
  applicable)                  11.190000%                                     11.190000% 
                              ------------------------  -------------------  -----------------  ------------------ 
 
 
 
 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                 % of voting rights 
  shares                (ix) 
  ISIN code (if 
  possible) 
                            Direct             Indirect                    Direct                  Indirect 
                            (DTR5.1)           (DTR5.2.1)                  (DTR5.1)                (DTR5.2.1) 
                                          ------------------ 
 GB00BQQFX454          23,114,360                              10.578000% 
                      ------------------  ------------------  --------------------------------  -------------- 
 
 
 SUBTOTAL 8. 
  A                                 23,114,360                                   10.578000% 
                      --------------------------------------  ------------------------------------------------ 
 
 B 1: Financial Instruments according to DTR5.3.1R (1) (a) 
 Type of financial     Expiration          Exercise/           Number of voting                  % of voting 
  instrument            date               Conversion Period    rights that may                   rights 
                        (x)                (xi)                 be acquired if 
                                                                the instrument 
                                                                is 
                                                                exercised/converted. 
                      ------------------  ------------------  --------------------------------  -------------- 
 
 
 
                                           SUBTOTAL 8. B 
                                            1 
                                          ------------------  --------------------------------  -------------- 
 
 B 2: Financial Instruments with similar economic effect according to 
  DTR5.3.1R (1) (b) 
 Type of financial    Expiration           Exercise/           Physical      Number of           % of voting 
  instrument           date (x)            Conversion          or cash        voting rights       rights 
                                           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 (please add additional 
  rows as necessary) (xiv) 
    Name (xv)            % of voting rights           % of voting rights         Total of both if 
                           if it equals or             through financial          it equals or is 
                         is higher than the            instruments if it          higher than the 
                        notifiable threshold          equals or is higher       notifiable threshold 
                                                      than the notifiable 
                                                           threshold 
                  -------------------------------  ------------------------  ------------------------ 
 
 
 
 
 
 10. In case of proxy voting, please identify: 
 Name of the proxy holder                           N/A 
                                                   -------------------------------------------------- 
 The number and % of voting rights                  N/A 
  held 
                                                   -------------------------------------------------- 
 The date until which the voting rights             N/A 
  will be held 
                                                   -------------------------------------------------- 
 
 11. Additional information (xvi) 
 
 
 
 
 Place of completion   Maarsbergen 
 Date of completion    05/12/2022 
                      ------------ 
 
S

For further information, please contact:

 
 Accsys Technologies PLC   ir@accsysplc.com 
  Investor Relations 
========================  ================= 
 

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 .

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 rns@lseg.com or visit www.rns.com.

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END

HOLEASAKELEAFFA

(END) Dow Jones Newswires

December 06, 2022 10:43 ET (15:43 GMT)

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