TIDMAXS
RNS Number : 9152K
Accsys Technologies PLC
12 July 2017
AIM: AXS
Euronext Amsterdam: AXS
12 July 2017
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Employee Benefit Trust and Directors' Interests
Further to the Company's previous announcements, including on 28
June 2016, awards over 679,435 ordinary shares of EUR0.05 each in
the Company ("Shares") held by the Accsys Employee Benefit Trust
('EBT') vested on 11 July 2017. These awards were granted in line
with the Company's employee remuneration and incentivisation
arrangements and related to the year ended 31 March 2016.
Certain beneficiaries elected to sell a total of 405,169 Shares
on the open market to fund the resulting personal tax liabilities
(amongst other reasons), including the executive directors whose
names are set out below. These Shares were sold at a price of
EUR0.88 per Share on 11 July 2017. The venue of execution was
Euronext Amsterdam.
Details concerning Directors' Share sales from the EBT are set
out below;
Name Number of EUR0.05 Number of EUR0.05
Shares Vested Shares subsequently
sold
Paul Clegg 75,842 37,921
Hans Pauli 52,250 26,250
William Rudge 42,576 23,170
Template for notification and public disclosure of transactions
by persons discharging managerial responsibilities and persons
closely associated with them
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name Paul Clegg
---- ----------------------------------- -------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ----------------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
---- ----------------------------------- -------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- ----------------------------------- -------------------------------
b) LEI 213800HKRFK8PNUNV581
---- ----------------------------------- -------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- ----------------------------------- -------------------------------
b) Nature of the transaction Vesting of shares
---- ----------------------------------- -------------------------------
c) Price(s) and volume(s) Price Volume(s)
------- ----------
EUR0.05 75,842
------- ----------
---- ----------------------------------- -------------------------------
Aggregated information
- Aggregated volume 75,842
d) - Price EUR0.05
---- ----------------------------------- -------------------------------
e) Date of the transaction 11/07/2017
---- ----------------------------------- -------------------------------
f) Place of the transaction Off Market Trade
---- ----------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name Paul Clegg
---- ----------------------------------- -------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Chief Executive Officer
---- ----------------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
---- ----------------------------------- -------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- ----------------------------------- -------------------------------
b) LEI 213800HKRFK8PNUNV581
---- ----------------------------------- -------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- ----------------------------------- -------------------------------
b) Nature of the transaction Sale of shares
---- ----------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
EUR0.88 37,921
--------- ----------
---- ----------------------------------- -------------------------------
Aggregated information
- Aggregated volume 37,921
d) - Price EUR0.88
---- ----------------------------------- -------------------------------
e) Date of the transaction 11/07/2017
---- ----------------------------------- -------------------------------
f) Place of the transaction XAMS
---- ----------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------
a) Name Hans Pauli
---- --------------------------- -------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------
a) Position/status Executive Director, Corporate Development
---- --------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- --------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- --------------------------- -------------------------------------------
b) LEI 213800HKRFK8PNUNV581
---- --------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- --------------------------- -------------------------------------------
b) Nature of the transaction Vesting of shares
---- --------------------------- -------------------------------------------
c) Price(s) and volume(s) Price Volume(s)
------- ----------
EUR0.05 52,250
------- ----------
---- --------------------------- -------------------------------------------
Aggregated information
- Aggregated volume
52,250
d) - Price EUR0.05
---- --------------------------- -------------------------------------------
e) Date of the transaction 11/07/2017
---- --------------------------- -------------------------------------------
f) Place of the transaction Off Market Trade
---- --------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- ------------------------------------------------------------------------
a) Name Hans Pauli
---- --------------------------- -------------------------------------------
2 Reason for the notification
---- ------------------------------------------------------------------------
a) Position/status Executive Director, Corporate Development
---- --------------------------- -------------------------------------------
b) Initial notification Initial Notification
/Amendment
---- --------------------------- -------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- ------------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- --------------------------- -------------------------------------------
b) LEI 213800HKRFK8PNUNV581
---- --------------------------- -------------------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- ------------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- --------------------------- -------------------------------------------
b) Nature of the transaction Sale of shares
---- --------------------------- -------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
EUR0.88 26,250
--------- ----------
---- --------------------------- -------------------------------------------
Aggregated information
- Aggregated volume
26,250
d) - Price EUR0.88
---- --------------------------- -------------------------------------------
e) Date of the transaction 11/07/2017
---- --------------------------- -------------------------------------------
f) Place of the transaction XAMS
---- --------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name William Rudge
---- ----------------------------------- -------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Finance Director
---- ----------------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
---- ----------------------------------- -------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- ----------------------------------- -------------------------------
b) LEI 213800HKRFK8PNUNV581
---- ----------------------------------- -------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- ----------------------------------- -------------------------------
b) Nature of the transaction Vesting of shares
---- ----------------------------------- -------------------------------
c) Price(s) and volume(s) Price Volume(s)
------- ----------
EUR0.05 42,576
------- ----------
---- ----------------------------------- -------------------------------
Aggregated information
- Aggregated volume
42,576
d) - Price EUR0.05
---- ----------------------------------- -------------------------------
e) Date of the transaction 11/07/2017
---- ----------------------------------- -------------------------------
f) Place of the transaction Off Market Trade
---- ----------------------------------- -------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
---- --------------------------------------------------------------------
a) Name William Rudge
---- ----------------------------------- -------------------------------
2 Reason for the notification
---- --------------------------------------------------------------------
a) Position/status Finance Director
---- ----------------------------------- -------------------------------
b) Initial notification Initial Notification
/Amendment
---- ----------------------------------- -------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
---- --------------------------------------------------------------------
a) Name Accsys Technologies PLC
---- ----------------------------------- -------------------------------
b) LEI 213800HKRFK8PNUNV581
---- ----------------------------------- -------------------------------
4 Details of the transaction(s): section to be repeated
for (i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
---- --------------------------------------------------------------------
a) Description of the Ordinary Shares
financial instrument,
type of instrument
GB00BQQFX454
Identification code
---- ----------------------------------- -------------------------------
b) Nature of the transaction Sale of shares
---- ----------------------------------- -------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
EUR0.88 23,170
--------- ----------
---- ----------------------------------- -------------------------------
Aggregated information
- Aggregated volume 23,170
d) - Price EUR0.88
---- ----------------------------------- -------------------------------
e) Date of the transaction 11/07/2017
---- ----------------------------------- -------------------------------
f) Place of the transaction XAMS
---- ----------------------------------- -------------------------------
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
Frank Neervoort +31 2 22 37 96
Off the Grid (The Netherlands) Yvonne Derske 66
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.
Unlike most tropical and European hardwoods, its colour does not
degrade when exposed to ultraviolet light. Moreover, the Accoya(R)
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(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.asp.
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
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