REG - Accsys Technologies - Director Interests and LTIP awards

Accsys TechnologiesAnnouncement

23/06/2021 16:25

RNS Number : 8979C
  
Accsys Technologies PLC
  
23 June 2021
  
 
 
AIM: AXS
Euronext Amsterdam: AXS
 
 
23 June 2021
 
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
 
Director Interests and Long Term Incentive Plan (LTIP) Awards
 
Accsys, the fast-growing and eco-friendly company that combines chemistry and technology to create high performance, sustainable wood building products, announces that under the Accsys Long Term Incentive Plan, the Remuneration Committee has resolved to grant LTIP Awards to various senior employees, including on a conditional basis to the Chief Executive Officer, Rob Harris, and Finance Director, William Rudge, in accordance with the terms of the LTIP Plan Rules approved by the Company's shareholders in 2013.
The LTIP Awards are nil priced options over a total of 918,659 new ordinary shares of €0.05 each in the Company. Of this total, 215,178 LTIP Awards are expected to be granted to Rob Harris, and 100,851 to William Rudge, conditional on and immediately following approval of the Company's updated Remuneration Policy, to be tabled for approval by shareholders at the Company's Annual General Meeting in September this year. 
The LTIP Awards will vest three years after grant, subject to the terms of the LTIP Plan Rules, including continued employment of the beneficiaries by the Company and satisfaction of financial and non-financial performance conditions. A two year holding period applies following the end of the performance period.




1)


Details of the person discharging managerial responsibility




a)


Name


Robert Harris




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 of €0.05 each.
ISIN GB00BQQFX454 
 




b)


Nature of the transaction


Grant of LTIP Options over Ordinary Shares




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil


 215,178




 




d)


Aggregated information
- Aggregated volume
- Price


Not applicable - single transaction




e)


Date of the transaction


23 June 2021




f)


Place of the transaction


Outside of a trading venue




 




1)


Details of the person discharging managerial responsibility




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 of €0.05 each.
ISIN GB00BQQFX454 
 




b)


Nature of the transaction


Grant of LTIP Options over Ordinary Shares




c)


Price(s) and volume(s)






Price(s)


Volume(s)




Nil


 100,851




 




d)


Aggregated information
- Aggregated volume
- Price


Not applicable - single transaction




e)


Date of the transaction


23 June 2021




f)


Place of the transaction


Outside of a trading venue




 
 
Ends
 
For further information, please contact:




Investors:

Accsys Technologies PLC

Sarah Ogilvie, Investor Relations


ir@accsysplc.com




Numis Securities (London)

Oliver Hardy (NOMAD), Ben Stoop




+44 (0) 20 7260 1000




Investec Bank plc (London)

Carlton Nelson, Alex Wright
ABN Amro (Amsterdam)

Richard van Etten, Geertje Cornelissen




+44 (0) 20 7597 5970


+31 20 344 2000




 
Media: 


 




FTI Consulting (UK)

Matthew O'Keeffe, Alex Le May




+44 (0) 20 3727 1340 




Off the Grid (The Netherlands)

Frank Neervoort, Yvonne Derske




+31 681 734 236




 
 
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 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 characteristics that match or better those of man-made, intensely resource-depleting and heavily carbon-polluting alternatives.  
The company's primary focus is on the production of Accoya® wood and Tricoya® wood elements, as well as technology licensing via its subsidiaries Titan Wood Limited and Tricoya Technologies Limited.  Accsys has its head office in London, UK, production operations in Arnhem, the Netherlands, an American office in Dallas, Texas, and is constructing the world's first Tricoya® plant in Hull, UK.
Accsys is committed to a more sustainable world and uses abundantly available wood sources that are certified as sustainable. With our business model already aligned with several UN Sustainable Development Goals, Accsys is currently working on identifying further strategic ESG priorities to have an even greater positive impact on the world.
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'. 
More information about Accsys can be found at www.accsysplc.com  
Accoya® wood is a sustainable, durable and stable solid wood product 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. Produced from certified (e.g. FSC®) sustainable sources, Accoya® wood has many environmental credentials and ecolabels, and 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.
With an up to 50 year warranty and 70+ year service life, the combination of sustainability, dimensional stability, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers, specifiers, manufacturers and homeowners. These benefits result in lower maintenance and total cost of ownership while also offering significant sustainability benefits. For more information about Accoya® wood, visit www.accoya.com. 
Tricoya® acetylated wood elements (www.tricoya.com) 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. Combining the sustainability, durability and stability from our acetylation process with the ease of use and quality finish of wood panel products, the enhanced durability and dimensional stability opens new opportunities for the use of these products, making them suitable in applications and environments that previously required solid wood, synthetic or unsustainable materials. 
Tricoya® wood elements have been lauded as the first major innovation in the wood composites industry in more than 30 years. For more information about Tricoya® wood elements, visit www.tricoya.com.
Wood acetylation is a process which increases the naturally occurring acetyl content of wood, thereby changing its physical properties. When carried out to a sufficient degree throughout the wood, as with Accsys' proprietary process, it significantly reduces the ability of the wood to absorb water without adding any toxic or harmful compounds, elements or substances that were not already present in the wood. This makes it much more dimensionally stable and, because it is no longer easily digestible to most organisms, extremely durable. 
'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 trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.
 
 

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