Last checked at 4 Feb 2015 16:57
AIM: AXS
NYSE Euronext Amsterdam: AXS
4 February 2015
ACCSYS TECHNOLOGIES PLC("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following notification on 4 February 2015
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES | ||||
1. Identity of the issuer or the underlying issuerof existing shares to which voting rights areattached: ii | ACCSYS TECHNOLOGIES PLC
Sedol BQQG1H7 GB | |||
2 Reason for the notification (please tick the appropriate box or boxes): | ||||
An acquisition or disposal of voting rights | þ | |||
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 to thenotification obligation: iii | Majedie Asset Management Limited | |||
4. Full name of shareholder(s) (if different from 3.):iv | Majedie UK Equity Fund Majedie UK Smaller Companies Fund | |||
5. Date of the transaction and date onwhich the threshold is crossed orreached: v | 2 February 2015 | |||
6. Date on which issuer notified: | 4 February 2015 | |||
7. Threshold(s) that is/are crossed orreached: vi, vii | Above 5% | |||
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 | 3,896,904 | 3,896,904 | 4,496,904 | 5.06% | |||||||||||
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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 | |||||||||||
| |||||||||||||||
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
| ||||||||||
| Nominal | Delta | |||||||||||||
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Total (A+B+C) | |||||||||||||||
Number of voting rights | Percentage of voting rights | ||||||||||||||
4,496,904 | 5.06% | ||||||||||||||
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: | |||||||||||||||
11. Number of voting rights proxy holder will ceaseto hold: | |||||||||||||||
12. Date on which proxy holder will cease to holdvoting rights: | |||||||||||||||
13. Additional information: | Majedie Asset Management Limited is a discretionary Fund Manager. It invests funds on behalf of its clients on a segregated basis as well as through sub-funds of its pooled vehicles, Majedie Asset Management Investment Fund Company and Majedie Asset Management (International) Investment Fund Company Plc. It is also the manager of the Majedie Institutional Trust. | ||||||||||||||
14. Contact name: | Jo Mann | ||||||||||||||
15. Contact telephone number: | 020 7618 3939 | ||||||||||||||
Ends
For further information, please contact:
Accsys Technologies PLC | Paul Clegg, CEO Hans Pauli, COO Will Rudge, FD
| via MHP Communications |
Numis Securities | Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson Ben Stoop | +44 (0) 20 7260 1000
|
MHP Communications |
Tim Rowntree Tess Harris
| +44 (0) 20 3128 8100 +44 (0) 777 184 1504 +44 (0) 791 279 9538 |
Off the Grid (The Netherlands) |
Frank Neervoort Giedo Van Der Zwan |
+31 681 734 236 +31 624 212 238 |
Notes to editors:
Accsys Technologies PLC(www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya® 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 Windsor, United Kingdom, and an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc). All group subsidiaries are ultimately 100% owned by Accsys and trade as Accsys Technologies. 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 by NYSE Euronext, under the symbols 'AXS'. Accsys' operations comprise three principal business units: (i) Accoya® 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® wood and Tricoya® wood elements across the globe.
Accoya® 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® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya® 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® news, visit www.accoya.com/news.asp.
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 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 that were once limited to solid wood or man-made products. Exploitation of Accsys' proprietary technology relating to Tricoya® Wood Elements is carried out through Tricoya Technologies Limited, a joint venture between Accsys and INEOS Industries Holdings Limited. Tricoya® 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®, TRICOYA® 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® registered trademark, from Tricoya Technologies Limited, a joint venture between TWL and INEOS Industries Holdings Limited with exclusive rights to exploit the Tricoya® brand.