Accsys Technologies PLC Accsys Employee Share Participation Plan (6006X)
January 14 2014 - 6:01AM
UK Regulatory
TIDMAXS
RNS Number : 6006X
Accsys Technologies PLC
14 January 2014
AIM: AXS
NYSE Euronext Amsterdam: AXS
14 January 2014
ACCSYS TECHNOLOGIES PLC
("Accsys" or the "Company")
Accsys Employee Share Participation Plan
Accsys, the environmental science and wood technology company,
previously announced on 1 August 2011 the establishment of an
Employee Share Participation Plan (the "Plan") intended to promote
the long term growth and profitability of Accsys by providing
employees with an opportunity to acquire an ownership interest in
new ordinary shares in the Company ("Shares") as an additional
benefit of employment.
Under the terms of the Plan, the Company issues Shares to a
trust for the benefit of the subscribing employees (the "Trust")
with the Shares to be released to employees after one year,
together with an additional Share on a 1 for 1 matched basis
provided the employee remains in the employment of Accsys at that
point in time. The Plan is in line with industry approved employee
share plans and is open for subscription by employees twice a year
following release of annual and half yearly financial results.
A total of 369,423 Shares were issued in January 2013 to the
Trust to be held on behalf of a number of employees under the terms
of the Plan. As at the date hereof, all of these employees have
remained with Accsys and accordingly and pursuant to the Plan, a
further 369,423 Shares will (pending admission of the Shares to AIM
and Euronext ("Admission") expected on 20 January 2014)now be
issued at nominal value of EUR0.01 each and released to the
employees together with the Shares issued to the Trust last year.
This includes the issue of 17,857 "matched" Shares to Hans Pauli, a
director and Chief Operating Officer of the Company.
Following the issue of all the above Shares, the Company will
have a total of 439,219,864 Shares in issue.
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Blythe Weigh
PLC Hans Pauli, COO Communications
Will Rudge, FD
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Ben Stoop 1000
+44 (0) 20 7138
3204
Paul Weigh +44 (0) 7989 129658
Blythe Weigh Communications Eleanor Parry +44 (0) 7551 293620
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 an environmental
science and technology company 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, 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(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, it 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 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(R) Wood Elements is carried out through Tricoya
Technologies Limited, a joint venture between Accsys and INEOS
Industries Holdings 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 joint venture between TWL and INEOS Industries Holdings
Limited 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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