REG - Accsys Technologies - Director LTIP Award

Accsys TechnologiesAnnouncement

27/11/2024 15:00

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RNS Number : 8997N  Accsys Technologies PLC  27 November 2024

 

 

AIM: AXS

Euronext Amsterdam: AXS

 

27 November 2024

 

Accsys Technologies PLC

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

 

Director LTIP Award

 

 

Accsys, the world's leading supplier of premium, high performance and
sustainable wood building materials, today announces that Sameet Vohra, Chief
Financial Officer, has been granted an LTIP award in accordance with the terms
of the Company's Long-Term Incentive Plan (LTIP) rules.

 

The LTIP award is nil priced options over a total of 401,516 Ordinary Shares.

 

The awards will vest three years after grant, subject to the terms of the LTIP
Rules, including continued employment of the beneficiary by the Company and
satisfaction of performance targets. Information in relation to the
performance conditions will be contained in the Directors' Remuneration Report
for the year ended 31 March 2025. A two-year holding period applies to this
award.

 

The Company makes the following disclosures in accordance with article 19(3)
of the Market Abuse Regulation:

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         Sameet Vohra
 2    Reason for the notification
 a)   Position/status                                              Chief Financial 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  Options over Ordinary Shares of €0.05 each

      Identification code                                          GB00BQQFX454
 b)   Nature of the transaction                                    Grant of Options
 c)   Price(s) and volume(s)

Price(s)  Volume(s)
                                                                   Nil       401,516

 

 d)   Aggregated information

      - Aggregated volume                                          n/a

      - Price
 e)   Date of the transaction                                      27 November 2024
 f)   Place of the transaction                                     n/a

 

 

d)

Aggregated information

- Aggregated volume

- Price

 

n/a

e)

Date of the transaction

27 November 2024

f)

Place of the transaction

n/a

 

 

 

Ends

 

 

For further information, please contact:

 

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

 Investor Relations
 Deutsche Numis (London)

 Oliver Hardy (NOMAD), Ben Stoop                    +44 (0) 20 7260 1000
 ABN Amro (Amsterdam)

 Dennis van Helmond                                 +31 20 344 2000
 Huijskens Sassen Communications (The Netherlands)

 Clemens Sassen                                     +31 20 685 5955

 

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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