Last checked at 21 Feb 2012 15:38
AIM: AXS
NYSE Euronext Amsterdam: AXS
21 February 2012
ACCSYS TECHNOLOGIES PLC("Accsys" or "the Company")
Notifiable Interest
The Company announces that it received the following notification on 21 February 2012
| 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 acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |||||||||||||||||||
| 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: | 20/02/2012 | ||||||||||||||||||
| 6. Date on which issuer notified: | 21/02/2012 | ||||||||||||||||||
| 7. Threshold(s) that is/are crossed or reached: | 3% | ||||||||||||||||||
8.Notified details: Nominee holdings |
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A: Voting rights attached to shares |
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Class/type ofshares if possible usingthe ISIN CODE | Situation previousto the triggeringtransaction | Resulting situation after the triggering transaction |
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| Number of Shares | Number of Voting Rights viii | Number of shares | Number of voting rights | % of voting rights |
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| Direct | Direct | Indirect | Direct | Indirect |
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B0LMC53 |
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| 12,745,070 |
| 3.15% |
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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 |
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Resulting situation after the triggering transaction |
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Type of financial instrument | Exercise price | Expiration Date | Exercise/ Conversion period | Number of voting rights instrument refers to | % of voting rights |
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Nominal | Delta |
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Total (A+B+C) |
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Number of voting rights | Percentage of voting rights |
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12,745,070.00 | 3.15% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
Vidacos Nominees Ltd (12,745,070.00 3.15%)
Phoenix Group Holdings Impala Holdings Limited Ignis Asset management Ltd Ignis Investment Services Ltd (indirect) |
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 404016642 |
14. Contact name: | Stuart Caldwell |
15. Contact telephone number: | 0141 222 8158 |
ENDS
For further information, please contact:
Accsys Technologies PLC | Paul Clegg, CEO Hans Pauli, CFO | via Citigate Dewe Rogerson |
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Numis Securities | Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson Ben Stoop
| +44 (0)20 7260 1000
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Citigate Dewe Rogerson | Ginny Pulbrook Malcolm Robertson Suzanne Bakker
| +44 20 7282 2945 +44 20 7282 2867 +31 20 575 4023 |
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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 (trading as Accsys Technologies), which has manufacturing operations in Arnhem, the Netherlands, a European office in Windsor and an American office in Dallas, Texas. 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) the Accoya® wood production facility; (ii) technology development, focused on a programme of continuous development and 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 elements; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.
Wood Acetylation is a process which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The 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.
Accoya® wood (www.accoya.com ) is produced using Accsys' proprietary patented process, 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 temperate 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. For marine uses where weight is also important, Accoya® wood for the first time provides boat builders with a wood that is strong, lightweight, durable and retains its natural beauty for far longer. 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 and are used 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. Tricoya® Wood Elements are lauded as the first major innovation in the wood composites industry in more than 30 years.
For an archive of news, visit www.accoya.com/news or www.accsysplc.com/news