Accsys Technologies PLC Notifiable Interest (0593S)
July 02 2015 - 11:06AM
UK Regulatory
TIDMAXS
RNS Number : 0593S
Accsys Technologies PLC
02 July 2015
AIM: AXS
NYSE Euronext Amsterdam: AXS
2 July 2015
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
--------------------------------------------------
1. Identity of the issuer or the underlying ACCSYS TECHNOLOGIES
issuer PLC
----------------------
of existing shares to which voting rights
are
---------- ----------
attached: (ii)
---------------------------------------------------------- ---------- ----------
2 Reason for the notification (please tick the appropriate box
or boxes):
----------------------------------------------------------------------------------
An acquisition or disposal of voting rights
---------------------------------------------------------------------- ----------
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 PASSIVE CROSSING OF THRESHOLD X
specify):
-------------------- ------------------------------------------------ ----------
3. Full name of person(s) OP GROUP CENTRAL COOPERATIVE
subject to the
---------------------------------------------
notification obligation:
(iii)
----------------------------------- --------------------- ---------- ----------
4. Full name of shareholder(s) OP-EUROPE EQUITY FUND
---------------------------------------------
(if different from
3.):(iv)
----------------------------------- --------------------- ---------- ----------
5. Date of the transaction 30/06/2015
and date on
---------------------------------------------
which the threshold
is crossed or
--------------------- ---------- ----------
reached: (v)
----------------------------------- --------------------- ---------- ----------
6. Date on which issuer 02/07/2015
notified:
----------------------------------- ---------------------------------------------
7. Threshold(s) that
is/are crossed or 5.00%
---------------------------------------------
reached: (vi, vii)
----------------------------------- --------------------- ---------- ----------
8. Notified details:
----------------------------------------------------------------------------------------------------------------------
A: Voting rights attached to shares (viii, ix)
----------------------------------------------------------------------------------------------------------------------
Class/type Situation previous Resulting situation after the triggering transaction
of
-----------------------------------------------------------
shares to the triggering
----- --- ----- --- --------- ---- ---- ---------
transaction
------------------------------------------ ----- --- ----- --- --------- ---- ---- ---------
if possible Number Number Number Number of voting % of voting rights (x)
using
------------------------
the ISIN of of of shares rights
CODE
---- ---- ---------
Shares Voting
---------- --------------------- ---- ---- ---------
Rights Direct Direct Indirect Direct Indirect
(xi) (xii)
------------- -------------- -------------------------- ---------- ---------- --------- ------------- ---------
GB00BQQFX454 4471706 4471706 4471706 4471706 4.98%
-------------- -------------------------- ---------- ---------- --------- ------------- ---------
B: Qualifying Financial Instruments
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of financial Expiration Exercise/ Number of voting % of voting
instrument date (xiii) Conversion Period (xiv) rights that may be rights
acquired if the
instrument is
exercised/ converted.
--------------------- ------------------ --------------------------------- ----------------------- ---------------
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments
(xv, xvi)
----------------------------------------------------------------------------------------------------------------------
Resulting situation after the triggering transaction
----------------------------------------------------------------------------------------------------------------------
Type of Exercise Expiration Exercise/ Number of voting rights % of voting rights
financial price date (xvii) instrument refers to (xix, xx)
-------------- ------------- ------------------------ ---------------------
instrument Conversion period
(xviii)
----------------- ------ ------ ----- ------------------- ----- --- --------- ---- ---- ---------
Nominal Delta
----------------- -------------- ------------- ------------------- ------------------------ ---------- ---------
Total (A+B+C)
----------------------------------------------------------------------------------------------------------------------
Number of voting rights Percentage of voting rights
---------------------------------------------------------------- ----------------------------------------------------
4471706 4.98%
---------------------------------------------------------------- ----------------------------------------------------
9. Chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held, if applicable: (xxi)
--------------------------------------------------------------------------------------------------------------------
OP GROUP CENTRAL COOPERATIVE (HEREINAFTER 'CENTRAL COOPERATIVE')
IS THE CENTRAL INSTITUTION OF OP GROUP. AS CENTRAL INSTITUTION IT
IS IN CHARGE OF GROUP STEERING AND CONTROL. ONE OF THE MAIN SUBSIDIARIES
IS OP FUND MANAGEMENT COMPANY LTD (HEREINAFTER 'FUND MANAGEMENT
COMPANY'), WHICH MANAGES OP GROUP'S MUTUAL FUNDS. BOTH THE FUND
MANAGEMENT COMPANY AND THE CENTRAL COOPERATIVE ARE SEPARATE LEGAL
ENTITIES AND THE FUND MANAGEMENT COMPANY IS A FULLY OWNED SUBSIDIARY
OF THE CENTRAL COOPERATIVE. THE CORPORATE FORM OF THE CENTRAL COOPERATIVE
IS CO-OPERATIVE. THE REGULATORY AUTHORITY OF BOTH CORPORATIONS IS
THE FINANCIAL SUPERVISORY AUTHORITY (FIN-FSA) IN FINLAND.
OP-EUROPE EQUITY FUND (HEREINAFTER 'FUND') IS A UCITS FUND AND THE
REGULATION OF THE FUND IS BASED ON THE FINNISH ACT OF COMMON FUNDS
29.1.1999/48 WHICH HAS BEEN ENACTED PURSUANT TO COUNCIL DIRECTIVE
85/611/EEC OF 20 DECEMBER 1985 ON THE COORDINATION OF LAWS, REGULATIONS
AND ADMINISTRATIVE PROVISIONS RELATING TO UNDERTAKINGS FOR COLLECTIVE
INVESTMENT IN THE TRANSFERABLE SECURITIES (UCITS) AND ITS AMENDMENTS
DIRECTIVES 2001/107/EC AND 2001/108/EC OF THE EUROPEAN PARLIAMENT.
THE FUND IS NOT A SEPARATE LEGAL ENTITY (I.E. LEGAL PERSON). THE
FUND IS A MUTUAL FUND AND IT INVESTS ITS ASSETS PRIMARILY IN LISTED
SHARES AND THE UNITHOLDERS OF THE FUND (I.E. INVESTORS) ARE LEGAL
OWNERS OF THE FUND UNITS BUT NOT THE ASSETS.
THE FUND MANAGEMENT COMPANY ( UCITS MANAGEMENT COMPANY) IS RESPONSIBLE
FOR THE MANAGEMENT OF THE FUND AND IT REPRESENTS THE FUND IN ITS
OWN NAME AND ACTS ON THEIR BEHALF IN MATTERS CONCERNING THE FUND
AND EXERCISES THE RIGHTS ASSOCIATED WITH THE FUND'S ASSETS. THE
MAJORITY OF THE BOARD OF DIRECTORS OF THE FUND MANAGEMENT COMPANY
IS APPOINTED BY THE CENTRAL COOPERATIVE.
Proxy Voting:
----------------------------------------------------------------------- -------------------------------------------
10. Name of the proxy holder:
--------------------------------------------------------------------------------------------------------------------
11. Number of voting rights proxy holder will cease
to hold:
----------------------------------------------------------------------- -------------------------------------------
12. Date on which proxy holder will cease to hold
voting rights:
----------------------------------------------------------------------- -------------------------------------------
13. Additional information: OP GROUP CENTRAL COOPERATIVE
OP FUND MANAGEMENT COMPANY LTD
TEOLLISUUSKATU 1 B, 00510 HELSINKI, FINLAND
----------------------------------------------------------------------- -------------------------------------------
14. Contact name: MIKKO MASKUNIITTY, HEAD OF MIDDLE OFFICE
----------------------------------------------------------------------- -------------------------------------------
15. Contact telephone
number: +358 10 252 2897
----------------------------------------------------------------------- -------------------------------------------
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via MHP Communications
PLC Hans Pauli, COO
Will Rudge, FD
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Ben Stoop 1000
Tim Rowntree
James White +44 (0) 20 3128
MHP Communications Tess Harris 8100
Frank Neervoort +31 681 734 236
Off the Grid (The Netherlands) Giedo Van Der Zwan +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(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 Windsor, 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. 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(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 wholly owned 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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