REG - Accsys Technologies - Accsys Employee Share Participation Plan

Accsys TechnologiesAnnouncement

27/01/2022 14:35

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RNS Number : 8925Z  Accsys Technologies PLC  27 January 2022

IM: AXS

Euronext Amsterdam: AXS

 

27 January 2022

 

Accsys Technologies PLC

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

 

Accsys Employee Share Participation Plan

 

Accsys, the fast-growing and eco-friendly company that combines chemistry and
technology to create high performance, sustainable wood building products,
announces the issue of new ordinary shares of €0.05 each in the Company
("Shares") for the benefit of employees in relation to employee
incentivisation and share plan arrangements.

 

The Company previously established an Employee Share Participation Plan (the
"Plan") intended to promote the long term growth and profitability of Accsys
by providing employees with an opportunity to acquire an ownership interest in
Shares as an additional benefit of employment. Under the terms of the Plan,
the Company issues Shares to a trust for the benefit of the subscribing
employees at the then market price ("Subscription Shares") with the Shares to
be released to employees after one year, together with an additional Share on
a 1 for 1 matched basis provided the employee remains in the employment of
Accsys at that point in time or is a good leaver (the "Matching Shares").

 

Following the subscription by employees and resulting issuance of Shares under
the Plan last year as announced by the Company on 15 February 2021, 189,931
Matching Shares will be issued for the benefit of various employees at nominal
value of €0.05 each.

 

In addition, and again pursuant to the terms of the Plan, various employees
have newly subscribed for a total of 193,424 Shares at an acquisition price of
€2.015 per Share, being the closing price of Shares in the Company on 6
December 2021 on Euronext Amsterdam, the closing date for subscriptions under
the Plan (the "Subscription Shares").

 

The Subscription Shares and Matching Shares (together totalling 383,355 new
Shares) will be issued (subject to the rules of the Plan) on or about 31
January 2022, pending admission of the Shares to AIM and Euronext.

The total number of issued Shares following Admission will be 192,761,322
Shares. The Company does not hold any shares in treasury. Therefore, the total
voting rights in the Company following Admission will be 192,761,322. This
figure may be used by shareholders as the denominator for the calculations by
which they may determine if they are required to notify their interest in, or
a change to their interest in, the Company's securities under the FCA's
Disclosure Guidance and Transparency Rules.

 

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
 Investec Bank plc (London)              +44 (0) 20 7597 5970

Carlton Nelson, Alex Wright

                                       +31 20 344 2000
 ABN Amro (Amsterdam)

Richard van Etten, Dennis van Helmond
 FTI Consulting (UK)                     +44 (0) 20 3727 1340

Matthew O'Keeffe, Alex Le May
 Off the Grid (The Netherlands)          +31 681 734 236

Frank Neervoort, Yvonne Derske

 

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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