REG - Accsys Technologies - Block listing application to AIM

Accsys TechnologiesAnnouncement

27/02/2024 07:00

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RNS Number : 5000E  Accsys Technologies PLC  27 February 2024

AIM: AXS

Euronext Amsterdam: AXS

 

27 February 2024

 

Accsys Technologies PLC

("Accsys", the "Group" or the "Company")

 

Block Listing Application to AIM

 

 

Accsys, the fast-growing and purpose-driven company that enhances the natural
properties of wood to create high performance and sustainable building
products, announces that application has been made to the London Stock
Exchange for a block listing of 1,000,000 ordinary shares of €0.05 each in
the Company ("New Ordinary Shares").

The block listing will be used to issue shares over time in connection with
the Company's share plans, including satisfying outstanding options already
issued under the 2013 LTIP plan, issued to the Company's Employee Benefit
Trust in relation to employee share awards or the Company's Deferred Bonus
Scheme and issued to the Company's Dutch foundation in connection with the
Company's employee participation plan. The New Ordinary Shares issued and
admitted to trading under the block admission will rank equally with the
existing shares.

The New Ordinary Shares are expected to be admitted to trading on AIM on 28
February 2024. The Company does not hold any shares in treasury.

The application referred to above follows the Company's announcement on 12 May
2023 of a previous block listing of 1,000,000 shares, of which 56,135 shares
remain unallotted. The Company will continue to make six-monthly announcements
of the utilisation of the block admission, in line with its obligations under
AIM Rule 29.

Ends

For further information, please contact:

 Accsys Technologies PLC                             IR@accsysplc.com

Investor Relations
 Deutsche Numis (London)                             +44 (0) 20 7260 1000
 Oliver Hardy (NOMAD), Ben Stoop
 ABN Amro (Amsterdam)                                +31 20 344 2000
 Richard van Etten, Dennis van Helmond
 Huijskens Sassen Communications (The Netherlands)   +31 20 685 5955

Clemens Sassen

 

 

 

Notes to editors:

 

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose:
changing wood to change the world. The company combines chemistry, technology
and ingenuity to make Accoya wood and Tricoya wood elements:  high
performance wood products that are extremely durable and stable, opening new
opportunities for the built environment and giving the world a choice to build
sustainably. Accsys transforms fast-growing, certified sustainable wood into
building materials with an up to 50-year warranty, locking carbon stored in
the wood into useful products for decades, with performance characteristics
that match or better those of non-renewable, resource-depleting and polluting
alternatives.  Accsys is listed on the London Stock Exchange AIM market and
on Euronext Amsterdam, under the symbols 'AXS'.  Visit www.accsysplc.com
(http://www.accsysplc.com)

Accoya solid wood is sustainable, durable, and stable with exceptional
performance, finish and sustainability. Accsys' proprietary acetylation
process makes the wood more dimensionally stable and because it is no longer
easily digestible, extremely durable. It is one of very few building materials
to be Cradle to Cradle Certified™ at the Gold level, with a Platinum rating
for Material Health, confirming that no harmful or toxic additives or
chemicals are present to leach out into the environment. Primary applications
for Accoya wood include windows, doors, cladding and decking, where the
combination of performance and sustainability benefits compete favorably
against hardwoods, plastics, metals and concrete. Visit www.accoya.com
(http://www.accoya.com)

Tricoya acetylated wood elements are produced for use in the fabrication of
panel products such as medium density fibreboard (MDF). Panel products made
with Tricoya wood elements are truly durable and stable enough for use
outdoors and in wet environments, unlocking new possibilities for design and
construction. They have been lauded as the first major innovation in the wood
composites industry in more than 30 years and bring the flexibility of
traditional panel products and sustainability benefits of wood to a whole new
range of applications. Visit www.tricoya.com (http://www.tricoya.com)

Any references in this announcement to agreements with Accsys shall mean
agreements with either Accsys or its subsidiary entities unless otherwise
specified. 'Accsys' and 'Accsys Technologies' are trading names of Titan Wood
Limited ("TWL"), a wholly-owned subsidiary of Accsys Technologies PLC. Accoya,
Tricoya and the Trimarque Device are registered trademarks owned by TWL, and
may not be used or reproduced without written permission from TWL, or in the
case of the Tricoya registered brand trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya
brand.

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