Accsys Technologies PLC Notifiable Interest - De Engh B.V. (0341Y)
27 Dicembre 2019 - 8:01AM
UK Regulatory
TIDMAXS
RNS Number : 0341Y
Accsys Technologies PLC
24 December 2019
24 December 2019 AIM: AXS
Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Notifiable Interest
TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i)
1a. Identity of the issuer or the Accsys Technologies plc
underlying issuer of existing shares
to which voting rights are attached(ii)
:
1b. Please indicate if the issuer is a non-UK issuer (please mark with
an "X" if appropriate)
Non-UK issuer
------------------
2. Reason for the notification (please mark the appropriate box or boxes
with an "X")
An acquisition or disposal of voting rights X
------------------
An acquisition or disposal of financial instruments
------------------
An event changing the breakdown of voting rights
------------------
Other (please specify)(iii) :
------------------
3. Details of person subject to the notification obligation(iv)
Name B.V. Beleggingsfonds "Hoog Blarick"
City and country of registered office Naarden, the Netherlands
(if applicable)
4. Full name of shareholder(s) (if different from 3.)(v)
Name De Engh B.V.
-----------------------------------------------------------
City and country of registered office Naarden, the Netherlands
(if applicable)
-----------------------------------------------------------
5. Date on which the threshold was 23/12/2019
crossed or reached(vi) :
-----------------------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY): 23/12/2019
-----------------------------------------------------------
7. Total positions of person(s) subject to the notification obligation
% of voting % of voting rights Total of both Total number
rights attached through financial in % (8.A + of voting rights
to shares (total instruments 8.B) of issuer(vii)
of 8. A) (total of 8.B
1 + 8.B 2)
----------------------- --------------------- ---------------- --------------------
Resulting situation
on the date
on which threshold
was crossed
or reached
----------------------- --------------------- ---------------- --------------------
Position of
previous notification
(if
applicable)
----------------------- --------------------- ---------------- --------------------
8. Notified details of the resulting situation on the date on which the
threshold was crossed or reached(viii)
A: Voting rights attached to shares
Class/type of Number of voting rights(ix) % of voting rights
shares
ISIN code (if
possible)
Direct Indirect Direct Indirect
(Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive
2004/109/EC) 2004/109/EC) 2004/109/EC) (DTR5.1) 2004/109/EC)
(DTR5.1) (DTR5.2.1) (DTR5.2.1)
---------------------
GB00BQQFX454 9,725,013 6.00%
-------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. A 9,725,013 6.00%
------------------------------------------- ----------------------------------------------------------
B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
(DTR5.3.1.1 (a))
Type of Expiration Exercise/ Number of voting % of voting
financial date(x) Conversion rights that may rights
instrument Period(xi) be acquired if
the instrument
is
exercised/converted.
-------------------- --------------------- ----------------------------------- ---------------------
SUBTOTAL 8. B 1
--------------------- ----------------------------------- ---------------------
B 2: Financial Instruments with similar economic effect according to
Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))
Type of Expiration Exercise/ Physical or Number of % of voting
financial date(x) Conversion cash voting rights rights
instrument Period (xi) settlement(xii)
--------------------- --------------------- ---------------- -----------------
SUBTOTAL 8.B.2
---------------- -----------------
9. Information in relation to the person subject to the notification
obligation (please mark the
applicable box with an "X")
Person subject to the notification obligation is not controlled X
by any natural person or legal entity and does not control any other
undertaking(s) holding directly or indirectly an interest in the
(underlying) issuer(xiii)
Full chain of controlled undertakings through which the voting rights
and/or the
financial instruments are effectively held starting with the ultimate
controlling natural person or legal entity(xiv) (please add additional
rows as necessary)
Name(xv) % of voting rights % of voting rights Total of both if
if it equals or through financial it equals or is
is higher than the instruments if it higher than the
notifiable threshold equals or is higher notifiable threshold
than the notifiable
threshold
-------------------------------- ------------------------- ------------------------
10. In case of proxy voting, please identify:
Name of the proxy holder
---------------------------------------------------
The number and % of voting rights
held
---------------------------------------------------
The date until which the voting rights
will be held
---------------------------------------------------
11. Additional information(xvi)
Place of completion Maarsbergen
Date of completion 23/12/2019
------------
For further information, please contact:
Accsys Technologies Robert Harris, CEO (incoming) via FTI Consulting
PLC Paul Clegg, CEO (outgoing)
William Rudge, FD
Oliver Hardy (NOMAD)
Numis Securities Limited Christopher Wilkinson
-Nominated Adviser Ben Stoop
and Joint Broker Oliver Cox +44 (0) 20 7260 1000
Carlton Nelson
Investec Bank plc - James Rudd
Joint Broker Alex Wright +44 (0) 20 7597 5970
Matthew O'Keeffe
FTI Consulting Alex Le May +44 (0) 20 3727 1340
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 fast-growing
and eco-friendly company that combines chemistry and technology to
create high performance, sustainable wood building products.
Accsys' 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.
Tricoya(R) Consortium In March 2017, Accsys announced the
formation of the Tricoya(R) Consortium to fund, build and operate
the Tricoya(R) plant in Hull, UK. Members of the consortium include
BP and the leading manufacturer of sustainable wood-based panels,
MEDITE Europe DAC. Tricoya Ventures UK Ltd (TVUK), a subsidiary of
Accsys, owns and will operate the Tricoya(R) plant. TTL exploits
all Tricoya(R) related intellectual property and benefits from any
Tricoya(R) related revenues other than those generated by the
Tricoya(R) plant. The Tricoya(R) plant has a targeted annual
production capacity of 30,000 metric tonnes of Tricoya(R) chips per
annum, enough to produce approximately 40,000m3 of Tricoya(R) panel
products per annum. The Tricoya(R) plant is expected to reach
EBITDA breakeven at approximately 40% design capacity and to take
approximately three years to reach full capacity following
start-up. The location of the Tricoya(R) plant at Saltend Chemicals
Park in Hull allows for expansion when market conditions
dictate.
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' and 'Accsys Technologies' are trading names of Titan
Wood Limited. Accsys, 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 news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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