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AXS Accsys Technologies Plc

56.50
0.50 (0.89%)
19 Apr 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
  0.50 0.89% 56.50 55.00 55.80 55.60 54.00 55.00 102,761 16:35:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Manufacturing Industries,nec 162.02M -69.86M -0.3173 -1.75 122.41M

Accsys Technologies PLC Notifiable Interest - Royal Bank of Canada (0226B)

04/01/2018 4:01pm

UK Regulatory


Accsys Technologies (LSE:AXS)
Historical Stock Chart


From Apr 2019 to Apr 2024

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TIDMAXS TIDM88DB

RNS Number : 0226B

Accsys Technologies PLC

04 January 2018

AIM: AXS

Euronext Amsterdam: AXS

04 January 2018

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Notifiable Interest

 
  NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and 
   to the FCA in Microsoft Word format if possible)(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                                                                                                N/a 
 ------------------------------------------------------------------------------------------------------  -------------- 
  2. Reason for the notification (please mark the appropriate box or boxes 
   with an "X") 
 ---------------------------------------------------------------------------------------------------------------------- 
  An acquisition or disposal of voting rights                                                                   X 
 ------------------------------------------------------------------------------------------------------  -------------- 
  An acquisition or disposal of financial instruments                                                          N/a 
 ------------------------------------------------------------------------------------------------------  -------------- 
  An event changing the breakdown of voting rights                                                             N/a 
 ------------------------------------------------------------------------------------------------------  -------------- 
  Other (please specify)(iii) : Update to issue share cap position                                              X 
   held 
 ------------------------------------------------------------------------------------------------------  -------------- 
  3. Details of person subject to the notification obligation(iv) 
  Name                                       Royal Bank of Canada 
  City and country of registered office 
   (if applicable) 
  4. Full name of shareholder(s) (if different from 3.)(v) 
 ---------------------------------------------------------------------------------------------------------------------- 
  Name                                       Roy Nominees Limited 
 -----------------------------------------  --------------------------------------------------------------------------- 
  City and country of registered office 
   (if applicable) 
 -----------------------------------------  --------------------------------------------------------------------------- 
  5. Date on which the threshold was         28/11/2017 
   crossed or reached(vi) : 
 -----------------------------------------  --------------------------------------------------------------------------- 
  6. Date on which issuer notified           04/01/2018 
  (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)         of issuer(vii) 
                            of 8. A)             (total of 8.B 
                                                  1 + 8.B 2) 
 ------------------  ---------------------  ---------------------  ----------------  ---------------------------------- 
  Resulting 
   situation 
   on the date 
   on which 
   threshold 
   was crossed 
   or reached         2,792,280              2.5%                                     111,369,634 
 ------------------  ---------------------  ---------------------  ----------------  ---------------------------------- 
  Position of 
   previous 
   notification 
   (if 
   applicable)        3,466,756              4% 
 ------------------  ---------------------  ---------------------  ----------------  ---------------------------------- 
 
      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(ix)                  % of voting rights 
      shares 
      ISIN code (if 
      possible) 
     --------------- 
                             Direct                Indirect                       Direct                     Indirect 
                       (Art 9 of Directive   (Art 10 of Directive           (Art 9 of Directive              (Art 10 of 
                          2004/109/EC)           2004/109/EC)              2004/109/EC) (DTR5.1)             Directive 
                            (DTR5.1)              (DTR5.2.1)                                                2004/109/EC) 
                                                                                                             (DTR5.2.1) 
     --------------   --------------------  ---------------------  ------------------------------------  ---------------- 
      GB00BQQFX454          2,792,280                                              2.5% 
     ---------------  --------------------  ---------------------  ------------------------------------  ---------------- 
 
      SUBTOTAL 8. A                    2,792,280                                            2.5% 
     ---------------  -------------------------------------------  ------------------------------------------------------ 
 
      B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC 
       (DTR5.3.1.1 (a)) 
     -------------------------------------------------------------------------------------------------------------------- 
      Type of          Expiration            Exercise/              Number of voting                      % of voting 
      financial         date(x)              Conversion              rights that may                       rights 
      instrument                             Period(xi)              be acquired if 
                                                                     the instrument 
                                                                     is 
                                                                     exercised/converted. 
     ---------------  --------------------  ---------------------  ------------------------------------  ---------------- 
      N/a 
     ---------------  --------------------  ---------------------  ------------------------------------  ---------------- 
 
 
                                             SUBTOTAL 8. B 1 
                                            ---------------------  ------------------------------------  ---------------- 
 
      B 2: Financial Instruments with similar economic effect according to 
       Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) 
     -------------------------------------------------------------------------------------------------------------------- 
      Type of         Expiration             Exercise/              Physical or       Number of           % of voting 
      financial        date(x)               Conversion             cash              voting rights        rights 
      instrument                             Period (xi)            settlement(xii) 
     --------------  ---------------------  ---------------------  ----------------  ------------------  ---------------- 
      N/a 
     --------------  ---------------------  ---------------------  ----------------  ------------------  ---------------- 
 
 
                                                                    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(xiv) (please add additional 
  rows as necessary) 
-------------------------------------------------------------------------------------------------------  -------------- 
      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                  equals or is higher                   notifiable threshold 
                            threshold                  than the notifiable 
                                                            threshold 
--------------------  --------------------  ---------------------------------------  ---------------------------------- 
 Royal Bank of                2.5%                                                          2.5% (Parent company) 
 Canada 
--------------------  --------------------  ---------------------------------------  ---------------------------------- 
 Roy Nominees 
  Limited                     2.5%                                                                  2.5% 
--------------------  --------------------  ---------------------------------------  ---------------------------------- 
 
 
 
 
 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) 
----------------------------------------------------------------------------------------------------------------------- 
 The Issued Share Capital Position is 111,369,634 shares as at 04/01/2018. 
 
  Previous disclosure made on issued share cap position 403,102,528 as 
  at 24/02/2011 
----------------------------------------------------------------------------------------------------------------------- 
 
 
 
 Place of completion   Jersey, Channel Islands 
--------------------  ------------------------ 
 Date of completion    04/01/2018 
--------------------  ------------------------ 
 

Ends

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 
                                                              +31 681 734 
                                                               236 
 Off the Grid           Frank Neervoort                        +31 222 379 
  (The Netherlands)      Yvonne Derske                         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. 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 higher sustainable and environmental 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 '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

HOLUSVVRWVAARAR

(END) Dow Jones Newswires

January 04, 2018 11:01 ET (16:01 GMT)

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