Last checked at 15 Jun 2020 17:37
AIM: AXS
Euronext Amsterdam: AXS
15 June 2020
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Notifiable Interest - Teslin
TR-1: Standard form for notification of major holdings
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | ACCSYS TECHNOLOGIES PLC | ||||||||||||
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 |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to thenotification obligation: iii | Teslin Participaties Coöperatief U.A. | ||||||||||||
4. Full name of shareholder(s) (if different from 3.):iv |
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5. Date of the transaction and date onwhich the threshold is crossed orreached: v | June 12th 2020 | ||||||||||||
6. Date on which issuer notified: | June 15th 2020
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7. Threshold(s) that is/are crossed orreached: vi, vii | 14.0% | ||||||||||||
8. Notified details: | |||||||||||||
A: Voting rights attached to shares viii, ix | |||||||||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||||||||
NumberofShares | NumberofVotingRights | Numberof shares | Number of votingrights | % of voting rights x | |||||||||
Direct | Direct xi | Indirect xii | Direct | Indirect | |||||||||
GB00BQQFX454 | 22,840,177 | 22,840,177 | 23,169,553 | 23,169,553 | n.a. | 14.167% | n.a.% | ||||||
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B: Qualifying Financial Instruments | |||||||||||||
Resulting situation after the triggering transaction | |||||||||||||
Type of financialinstrument | Expirationdate xiii | Exercise/Conversion Period xiv | Number of votingrights that may beacquired if theinstrument isexercised/ converted. | % of votingrights | |||||||||
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | ||||||||
Resulting situation after the triggering transaction | ||||||||
Type of financialinstrument | Exercise price | Expiration date xvii | Exercise/Conversion period xviii | Number of voting rights instrument refers to
| % of voting rights xix, xx
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| Nominal | Delta | ||
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Total (A+B+C) | ||||||||
Number of voting rights | Percentage of voting rights | |||||||
23,169,553 | 14.167% | |||||||
9. Chain of controlled undertakings through which the voting rights and/or thefinancial instruments are effectively held, if applicable: xxi | ||||||||
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Proxy Voting: | ||||||||
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will ceaseto hold: |
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12. Date on which proxy holder will cease to holdvoting rights: |
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13. Additional information: |
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14. Contact name: |
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15. Contact telephone number: |
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Ends
For further information, please contact:
Accsys Technologies PLC Rob Harris, CEO Will Rudge, FD
| via FTI Consulting |
Numis Securities - NOMAD and Joint Broker Oliver Hardy (NOMAD) Ben Stoop
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+44 (0) 20 7260 1000
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Investec Bank plc - Joint Broker Carlton Nelson James Rudd Alex Wright
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+44 (0) 20 7597 5970 |
FTI Consulting Matthew O'Keeffe Alex Le May
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+44 (0) 20 3727 1340
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Off the Grid (The Netherlands) Frank Neervoort Yvonne Derkse |
+31 681 734 236 +31 622 379 666 |
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® wood and Tricoya® 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® 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® 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®) sustainable sources, Accoya® wood has many environmental credentials and ecolabels, and is one of very few building materials to be Cradle to Cradle Certified™ 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® 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® wood, visit www.accoya.com.
Tricoya® 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® 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® 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® wood elements, visit www.tricoya.com.
In March 2017, Accsys announced the formation of the Tricoya® Consortium to fund, build, own and operate the Tricoya® 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®, 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 trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.