Accsys Technologies PLC Issue of Equity (8298F)
February 23 2018 - 10:05AM
UK Regulatory
TIDMAXS
RNS Number : 8298F
Accsys Technologies PLC
23 February 2018
23 February 2018 AIM: AXS
Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Issuance of Shares
Accsys, the chemical technology group focused on the highly
sustainable acetylation of wood, announces the issue of 143,511 new
ordinary shares of EUR0.05 each in the Company ("Shares") to an
ex-employee.
118,511 of these Shares have been conditionally issued and
allotted following the exercise of nil cost options, granted in
2013 under the Company's 2013 Long Term Incentive Plan ("LTIP"),
with the balance of 25,000 Shares conditionally issued and allotted
as part of the individual's severance terms.
The Shares will be issued pending (amongst other things)
admission to AIM and Euronext Amsterdam, which is expected to take
place on or about 26 February 2018. Following the issue of the
above Shares, the Company will have a total of 111,513,145 Shares
in issue.
ACCSYS TECHNOLOGIES PLC
("Accsys" of "de Vennootschap")
Uitgifte van aandelen
Accsys, de chemische technologiegroep die zich richt op de zeer
duurzame acetylatie van hout, maakt de uitgifte bekend van 143.511
nieuwe, gewone aandelen in de Vennootschap ("Aandelen") van EUR
0,05 per aandeel aan een voormalig medewerker.
118.511 van deze Aandelen zijn voorwaardelijk uitgegeven en
toegekend volgend op de uitoefening van zero-cost opties, welke in
2013 zijn toegekend onder het Long-Term Incentive Plan (LTIP) van
de Vennootschap, daterend uit 2013. De resterende 25.000 Aandelen
zijn voorwaardelijk uitgegeven en toegekend als onderdeel van de
vertrekregeling van de persoon in kwestie.
De Aandelen zullen worden uitgegeven na (onder andere) toelating
tot de AIM en Euronext Amsterdam. Dit zal naar verwachting
plaatsvinden op of rond 26 februari 2018. Na de uitgifte van de
hiervoor genoemde Aandelen beschikt de Vennootschap over in totaal
111.513.145 uitgegeven Aandelen.
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
Off the Grid Frank Neervoort +31 222 379
(The Netherlands) Yvonne Derske 666
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 Tricoya(R) wood elements, 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 licensing 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 four principal
business units: (i) Accoya(R) wood production; (ii) building and
operating of Tricoya(R) wood chip acetylation plant in Hull; (iii)
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
(iv) 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.
Moreover, the Accoya(R) wood production process does not compromise
the wood's strength or machinability. The combination of
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.
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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