REG - Accsys Technologies - Board Changes

Accsys TechnologiesAnnouncement

10/06/2022 07:00

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RNS Number : 3949O  Accsys Technologies PLC  10 June 2022

AIM: AXS

Euronext Amsterdam: AXS

 

10 June 2022

 

Accsys Technologies PLC

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

 

Board Changes

 

Accsys announces that Montague John "Nick" Meyer has informed Accsys of his
intention to retire from its board of directors (the "Board") with effect from
the conclusion of the Company's Annual General Meeting, to be convened later
this year.

Accsys further announces the appointment of Louis Eperjesi to the Board with
effect from 14 June 2022.

Nick Meyer will be stepping down as a non-executive director having served on
the Board for eleven years.  In light of Nick's detailed and valuable
knowledge of Accsys and the markets in which it operates, Nick has agreed to
provide consultancy advice to the Board for up to 12 months once he has
stepped down.

Louis brings over 30 years' experience in the building materials sector to the
Board. He is currently a non-executive director of Ibstock plc and The
Cheltenham Trust, where he is the Chair of Trustees.  During his executive
career, Louis was the Chief Executive Officer of Tyman Plc.  Prior to that
Louis held senior executive roles in Kingspan Plc, Baxi Group Limited, Lafarge
SA and Caradon Plc.

Louis will be a member of the Nomination Committee, the Remuneration Committee
and the Audit Committee.

Louis holds no shares in Accsys.

Stephen Odell, Chairman of Accsys, commented:

"On behalf of the Board, I would like to thank Nick deeply for his significant
contribution to Accsys over many years.  Nick has helped steer the strategy
and delivery of the Company over the last eleven years.  His extensive
knowledge of the timber industry and his remarkable people skills have been an
invaluable asset to the Company for that time.  I would also like to thank
Nick personally for helping my integration onto the Board.  I am delighted to
welcome Louis to the Accsys Board.  His depth of experience in building
products will be a great asset to the Board and Accsys generally."

The following information is disclosed in accordance with paragraph (g) of
Schedule Two of the AIM Rules for Companies in relation to Louis Eperjesi's
appointment to the Board as non-executive director:

Full name: Louis Leslie Alexander Eperjesi

Age: 60 years

Current Directorships: The Cheltenham Trust, Ibstock plc, Cheltenham Leisure
and Culture Limited, JLQ Investment Ltd, Allander Topco Limited.

Directorships held in the past five years: Tyman plc, Wolseley Limited,
Schlegel Acquisition Holdings Limited, Jasper Acquisition Limited, Jasper
Acquisition Holdings Limited, Tyman Investments Limited, Tyman Financial
Services Limited, Lupus Capital Limited.

There are no other matters in relation to the retirement of Montague John
"Nick" Meyer or the appointment of Louis Eperjesi which are required to be
disclosed in accordance with the AIM Rules for Companies.

Ends

For further information, please contact:

 Accsys Technologies PLC             ir@accsysplc.com (mailto:ir@accsysplc.com)

Sarah Ogilvie, Investor Relations
 Numis Securities (London)           +44 (0) 20 7260 1000
 Oliver Hardy (NOMAD), Ben Stoop

 

 

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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