Last checked at 8 Feb 2011 16:00
Regulatory Announcement | |||||||||||
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AIM: AXS
NYSE Euronext Amsterdam: AXS
8 February 2011
ACCSYS TECHNOLOGIES PLC("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following notification on 8 February 2011:
For filings with the FSA include the annex For filings with issuer exclude the annex |
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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | |
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: | ACCSYS TECHNOLOGIES | ||
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 financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |||
An event changing the breakdown of voting rights | |||
Other (please specify): ___________ |
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3. Full name of person(s) subject to the notification obligation: | Ignis Investment Services Limited | ||
4. Full name of shareholder(s) (if different from 3.): |
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5. Date of the transaction and date on which the threshold is crossed or reached if different: | 07/02/2011 | ||
6. Date on which issuer notified: | 08/02/2011 | ||
7. Threshold(s) that is/are crossed or reached: | 3% | ||
8.Notified details: Nominee holdings | |||||||
A: Voting rights attached to shares | |||||||
Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction | |||||
| Number of Shares | Number of Voting Rights viii | Number of shares | Number of voting rights | % of voting rights | |||
| Direct | Direct | Indirect | Direct | Indirect | |||
B0LMC53 | 3,963,555 | 1.97% |
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| 6,108,555 |
| 3.05% |
B: Financial Instruments |
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Resulting situation after the triggering transaction xii |
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Type of financial instrument | Expiration date | Exercise/ Conversion Period/ Date | Number of voting rights that may be acquired if the instrument is exercised/ converted. | % of voting rights |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||||||
Resulting situation after the triggering transaction | ||||||||||
Type of financial instrument | Exercise price | Expiration Date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights | |||||
Nominal | Delta | |||||||||
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
6,108,555.00 | 3.05% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Pearl Group Limited Impala Holdings Limited Pearl Group Holdings (No1) Ltd Ignis Asset Management Ltd Ignis Investment Services Ltd
Vidacos Nominees Ltd (6,108,555.00 3.05%)
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Proxy Voting: | |
10. Name of the proxy holder: |
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11. Number of voting rights proxy holder will cease to hold: |
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12. Date on which proxy holder will cease to hold voting rights: |
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13. Additional information: | Percentage calculation based on Issued Share Capital of 200,602,528 |
14. Contact name: | Jean Birrell |
15. Contact telephone number: | 0141 222 8226 |
Ends
For further information, please contact:
Accsys Technologies PLC | Paul Clegg, CEO Hans Pauli, CFO | via Citigate Dewe Rogerson |
Matrix Corporate Capital LLP
| Stephen Mischler Nick Stone Edmund Glover | +44 20 3206 7000
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Numis Securities Limited | Christopher Wilkinson Simon Blank | +44 20 7260 1347 +44 20 7260 1409 |
Citigate Dewe Rogerson | Ginny Pulbrook Malcolm Robertson Suzanne Bakker | +44 20 7282 2945 +44 20 7282 2867 +31 20 575 4023 |
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya® wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya® wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.
Accoya® Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use.
Tricoya® Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications which were once limited to solid wood or man-made products. Tricoya® Wood Elements is 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. The environmentally responsible process protects wood from rot by making it "inedible" to most micro-organisms and insects, 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. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.
Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.
Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.