Accsys Technologies PLC Total Voting Rights (3443Q)
August 29 2014 - 5:13AM
UK Regulatory
TIDMAXS
RNS Number : 3443Q
Accsys Technologies PLC
29 August 2014
AIM: AXS
NYSE Euronext Amsterdam: AXS
29 August 2014
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Total Voting Rights and Remuneration Policy Clarification
Further to the Company's announcement of 12 August 2014,
relating to the issue of a total of 4,514,997 ordinary shares of
EUR0.01 each in the capital of the Company ("Shares") pursuant to
the Company's Employee Share Plan and Employee Benefit Trust
arrangements, and pursuant to 5.6.1 of the Disclosure and
Transparency Rules, the Company notifies the market of the
following:
The issued share capital of the Company now consists of
443,734,861 Shares with voting rights. No Shares are held in
treasury.
The above figure of 443,734,861 Shares may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change to their interest in, the Company under the FCA's
Disclosure and Transparency Rules. This figure replaces and
supersedes any figure previously announced.
The Company would like to clarify one aspect of the remuneration
policy set out on page 30 of the 2014 Annual Report. The LTIP rules
approved by shareholders in 2013 do not include an individual grant
limit. Nonetheless, the Company confirms that it will apply an
internal limit such that no Executive Director will receive an
award under the LTIP in the 2014/15 (or any subsequent) financial
year of more than 300% of base salary in that financial year. In
practice, the Company had not envisaged and continues not to
envisage awards at even this level.
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Blytheweigh
PLC Hans Pauli, COO
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
+44 (0) 7989 129
658
Paul Weigh +44 (0) 7989 394
Blytheweigh Alex Shilov 027
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 focussed on the development and commercialisation
of a range of transformational technologies based upon the
acetylation of solid wood (Accoya(R) ) and wood elements
(Tricoya(R) ) for use as class leading, environmentally sustainable
construction materials. Accsys's 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, 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 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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