REG - Accsys Technologies - Employee Benefit Trust and Directors Interests <Origin Href="QuoteRef">ACCS.L</Origin>
RNS Number : 9152KAccsys Technologies PLC12 July 2017AIM: AXS
Euronext Amsterdam: AXS
12 July 2017
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")Employee Benefit Trust and Directors' Interests
Further to the Company's previous announcements, including on 28 June 2016, awards over 679,435 ordinary shares of 0.05 each in the Company ("Shares") held by the Accsys Employee Benefit Trust ('EBT') vested on 11 July 2017. These awards were granted in line with the Company's employee remuneration and incentivisation arrangements and related to the year ended 31 March 2016.
Certain beneficiaries elected to sell a total of 405,169 Shares on the open market to fund the resulting personal tax liabilities (amongst other reasons), including the executive directors whose names are set out below. These Shares were sold at a price of 0.88 per Share on 11 July 2017. The venue of execution was Euronext Amsterdam.
Details concerning Directors' Share sales from the EBT are set out below;
Name Number of 0.05 Number of 0.05
SharesVestedSharessubsequently
soldPaul Clegg 75,842 37,921
Hans Pauli 52,250 26,250
William Rudge 42,576 23,170
Template for notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Clegg
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Vesting of shares
c)
Price(s) and volume(s)
Price
Volume(s)
0.05
75,842
d)
Aggregated information
- Aggregated volume
- Price
75,842
0.05
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
Off Market Trade
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Paul Clegg
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.88
37,921
d)
Aggregated information
- Aggregated volume
- Price
37,921
0.88
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
XAMS
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Hans Pauli
2
Reason for the notification
a)
Position/status
Executive Director, Corporate Development
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Vesting of shares
c)
Price(s) and volume(s)
Price
Volume(s)
0.05
52,250
d)
Aggregated information
- Aggregated volume
- Price
52,250
0.05
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
Off Market Trade
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Hans Pauli
2
Reason for the notification
a)
Position/status
Executive Director, Corporate Development
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.88
26,250
d)
Aggregated information
- Aggregated volume
- Price
26,250
0.88
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
XAMS
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
William Rudge
2
Reason for the notification
a)
Position/status
Finance Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Vesting of shares
c)
Price(s) and volume(s)
Price
Volume(s)
0.05
42,576
d)
Aggregated information
- Aggregated volume
- Price
42,576
0.05
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
Off Market Trade
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
William Rudge
2
Reason for the notification
a)
Position/status
Finance Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Accsys Technologies PLC
b)
LEI
213800HKRFK8PNUNV581
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Identification code
Ordinary Shares
GB00BQQFX454
b)
Nature of the transaction
Sale of shares
c)
Price(s) and volume(s)
Price(s)
Volume(s)
0.88
23,170
d)
Aggregated information
- Aggregated volume
- Price
23,170
0.88
e)
Date of the transaction
11/07/2017
f)
Place of the transaction
XAMS
Ends
For further information, please contact:
Accsys Technologies PLC
Paul Clegg, CEO
Will Rudge, FD
Hans Pauli, Executive Director, CorporateDevelopment
via MHP Communications
Numis Securities
Nominated Adviser:
Oliver Cardigan
Jamie Lillywhite
Corporate Broking:
Christopher Wilkinson
Ben Stoop
+44 (0) 20 7260 1000
MHP Communications
Tim Rowntree
Kelsey Traynor
+44 (0) 20 3128 8100
Off the Grid (The Netherlands)
Frank Neervoort
Yvonne Derske
+31 681 734 236
+31 2 22 37 96 66
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya 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 London, United Kingdom, an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc) and technology licencing 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 three principal business units: (i) Accoya 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 wood and Tricoya wood elements across the globe.
Accoya 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 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 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 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 news, visit www.accoya.com/news.asp.
Tricoya 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 Wood Elements is carried out through Tricoya Technologies Limited. Tricoya 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, TRICOYA 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 registered trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya brand.
This information is provided by RNSThe company news service from the London Stock ExchangeENDDSHQLLFFDDFLBBZ
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