REG - Accsys Technologies - Director/PDMR Shareholding

Accsys TechnologiesAnnouncement

15/12/2022 16:00

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RNS Number : 8943J  Accsys Technologies PLC  15 December 2022

AIM: AXS

Euronext Amsterdam: AXS

 

15 December 2022

 

Accsys Technologies PLC

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

 

Director/PDMR Dealing

 

 

The following notification is made under article 19 of the Market Abuse
Regulation relating to certain transactions by William Rudge, as a person
discharging managerial responsibilities (PDMR) in the Shares of the Company.

 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
 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                                    (i) Exercise of certain nil cost options relating to the Company's Long Term
                                                                  Incentive Plan (LTIP), specifically 53,221 shares vested under the 2016 LTIP
                                                                  and 40,269 shares vested under the 2017 LTIP, and (ii) the subsequent sale of
                                                                  44,031 shares sold to satisfy income tax and NIC liabilities, together with
                                                                  the brokerage cost of selling the same

 

 c)  Price(s) and volume(s)                                                                                 Price(s)            Volume(s)
                               (i) Acquisition of shares on exercise of share option                        Nil                 93,490

                               (ii) Sale of shares to satisfy income tax, NIC liability and brokerage cost  £ 0.632 per share   44,031
                               Shares retained                                                              n/a                 49,459
 d)  Aggregated information    (i) Exercise

     - Aggregated volume       Volume:  93,490

Price:  Nil
     - Price

                               (ii) Shares sold to satisfy income tax, NIC liability and brokerage cost of
                               sale

                               Volume:  44,031

Price £0.632 per share
 e)  Date of the transaction   14 December 2022
 f)  Place of the transaction  (i) Exercise of LTIPs - outside of a trading venue

(ii) Sale of shares - London Stock Exchange (XLON); AIM Market

d)

Aggregated information

- Aggregated volume

- Price

(i) Exercise

Volume:  93,490

Price:  Nil

(ii) Shares sold to satisfy income tax, NIC liability and brokerage cost of
sale

Volume:  44,031

Price £0.632 per share

e)

Date of the transaction

14 December 2022

f)

Place of the transaction

(i) Exercise of LTIPs - outside of a trading venue

(ii) Sale of shares - London Stock Exchange (XLON); AIM Market

 

Ends

For further information, please contact:

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

Katharine Rycroft, 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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