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RNS Number : 1597X  Accsys Technologies PLC  19 July 2024

AIM: AXS

Euronext Amsterdam: AXS

 

19 July 2024

 

Accsys Technologies PLC

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

 

Director Interests and Incentive Awards

 

 

Accsys, the world's leading supplier of premium, high performance and
sustainable wood building materials, today announces that the Remuneration
Committee has granted bonus and long term incentive awards to various senior
employees, including the Chief Executive Officer, Jelena Arsic van Os, and
Interim Chief Financial Officer, Hans Pauli. The awards have been granted in
accordance with the terms of the Deferred Bonus Plan (DBP) rules and the Long
Term Incentive Plan (LTIP) rules.

The DBP awards have been granted in respect of bonuses earned for the
financial year ending 31 March 2024. In the case of Jelena Arsic van Os and as
referred to in the Directors' Remuneration Report for that year, she has been
awarded 140,600 new ordinary shares of €0.05 each in the Company (Ordinary
Shares) which will vest 80% on 1 September 2024, and 20% on 18 July 2026.

Hans Pauli's award of 43,138 Ordinary Shares was granted to him in respect of
his service before his appointment as an Executive Director and will vest in
full on 1 September 2024.

The LTIP awards are nil priced options over a total of 1,562,252 Ordinary
Shares. Of this total, an award over 886,364 shares has been granted to Jelena
Arsic van Os, and an award over 143,092 shares to Hans Pauli.

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 2024. A two-year holding period applies to the awards
granted to Jelena Arsic van Os and Hans Pauli following the end of the vesting
period.

The Directors' Remuneration Report for the year ended 31 March 2024 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 award under the Accsys Deferred Bonus Plan.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       140,600
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      18 July 2024
 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

18 July 2024

f)

Place of the transaction

Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Hans Pauli
 2   Reason for the notification
 a)  Position/status                                              Interim 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 award under the Accsys Deferred Bonus Plan.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       43,138
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      18 July 2024
 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

18 July 2024

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 LTIP Options over Ordinary Shares.
 c)  Price(s) and volume(s)                                       Price(s)  Volume(s)
                                                                  Nil       886,364
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      18 July 2024
 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

18 July 2024

f)

Place of the transaction

Outside of a trading venue

 

 

 1   Details of the person discharging managerial responsibilities/person closely
     associated
 a)  Name                                                         Hans Pauli
 2   Reason for the notification
 a)  Position/status                                              Interim 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       143,092
 d)  Aggregated information

     - Aggregated volume                                          Not applicable - single transaction

     - Price
 e)  Date of the transaction                                      18 July 2024
 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

18 July 2024

f)

Place of the transaction

Outside of a trading venue

 

 

 

Ends

 

For further information, please contact:

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

Investor Relations
 Deutsche Numis (London)                             +44 (0) 20 7260 1000
 Oliver Hardy (NOMAD), Ben Stoop
 ABN Amro (Amsterdam)                                +31 20 344 2000
 Dennis van Helmond
 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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