REG - Accsys Technologies - Director Interests and LTIP Awards

Accsys TechnologiesAnnouncement

28/07/2023 07:00

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RNS Number : 4870H  Accsys Technologies PLC  28 July 2023

AIM: AXS

Euronext Amsterdam: AXS

 

28 July 2023

 

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 technology and
ingenuity to enhance the properties of wood to create products that are
extremely durable and stable, presenting new opportunities for the built
environment, today announces that the Remuneration Committee has granted long
term incentive awards to various senior employees, including the Chief
Executive Officer, Jelena Arsic van Os, and Chief Financial Officer, Steven
Salo. The awards have been granted in accordance with the terms of new LTIP
plan rules which the Company will be putting to its shareholders for approval
at the next AGM, due to be held on 20 September 2023 (the "LTIP Plan Rules").

The awards are nil priced options over a total of 1,306,659 new ordinary
shares of €0.05 each in the Company. Of this total, an award over 499,488
shares has been granted to Jelena Arsic van Os, and an award over 271,516
shares to Steven Salo.

The 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 performance targets. Information in relation to the
performance conditions is contained in the Directors' Remuneration Report for
the year ended 31 March 2023. A two-year holding period applies to the awards
granted to Jelena Arsic van Os and Steven Salo following the end of the
vesting period.

In addition, Jelena Arsic van Os has been granted an award in accordance with
the LTIP Plan Rules in respect of a vested award granted by her former
employer which she forfeited in connection with joining the Company (the
"Buy-Out Award"). The Buy-Out Award is a nil priced option over 131,557 new
ordinary shares of €0.05 each in the Company. Further information in
relation to the Buy-Out Award is contained in the Directors' Remuneration
Report for the year ended 31 March 2023.

The Directors' Remuneration Report for the year ended 31 March 2023 can be
found on page 93 of the Annual Report and Financial Statements covering the
same period (see www.accsysplc.com/investors/reports-results/
(http://www.accsysplc.com/investors/reports-results/) ).

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jelena Arsic van Os
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer
 a)  Name                                                         Accsys Technologies PLC
 b)  LEI code                                                     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  Ordinary shares of €0.05 each
     Identification code                                          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       499,488
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      27 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

27 July 2023

f)

Place of the transaction

Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Steven Salo
 2   Reason for the notification
 a)  Position/status                                              Chief Financial Officer
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer
 a)  Name                                                         Accsys Technologies PLC
 b)  LEI code                                                     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  Ordinary shares of €0.05 each
     Identification code                                          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       271,516
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      27 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

27 July 2023

f)

Place of the transaction

Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Jelena Arsic van Os
 2   Reason for the notification
 a)  Position/status                                              Chief Executive Officer
 b)  Initial notification/ Amendment                              Initial notification
 3   Details of the issuer
 a)  Name                                                         Accsys Technologies PLC
 b)  LEI code                                                     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  Ordinary shares of €0.05 each
     Identification code                                          ISIN GB00BQQFX454
 b)  Nature of the transaction                                    Grant of an option to replace incentive pay forfeited by the executive on
                                                                  leaving her previous employment.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       131,557
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      27 July 2023
 f)  Place of the transaction                                     Outside of a trading venue

d)

Aggregated information

- Aggregated volume

- Price

 

Not applicable - single transaction

e)

Date of the transaction

27 July 2023

f)

Place of the transaction

Outside of a trading venue

 

 

Ends

For further information, please contact:

 Accsys Technologies PLC                             +44 (0) 7783 776080

Katharine Rycroft, Head of 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
 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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