TIDMAXS
RNS Number : 8493D
Accsys Technologies PLC
28 June 2019
28 June 2019 AIM: AXS
Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Share purchase by a PCA of a Non-Executive Director
Accsys, the fast growing and sustainable chemical technology
group, was notified that, on Wednesday 26 June 2019 Anthony
Christopher Mair who is a person closely associated ("PCA") with
Accsys' Non-Executive Director Sue Farr, purchased in total 10,000
ordinary shares of EUR0.05 in the Company ("Shares") at a price of
GBP1.175 per Share.
The following notifications are made under article 19 of the
Market Abuse Regulation ("MAR") relating to certain transactions by
persons discharging managerial responsibilities ("PDMR") and
persons closely associated with them in the shares of the
Company.
1. Details of the person discharging managerial responsibilities / person closely associated
Name Anthony Christopher Mair
------------------------------------ --------------------------------------------------------------------------
2. Reason for the Notification
----------------------------------------------------------------------------------------------------------------
Position/Status The notification concerns a person closely associated with a person
discharging managerial
responsibilities, being Sue Farr, Non-Executive Director
------------------------------------ --------------------------------------------------------------------------
Initial notification/amendment Initial notification
------------------------------------ --------------------------------------------------------------------------
3. Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
----------------------------------------------------------------------------------------------------------------
Name Accsys Technologies plc
------------------------------------ --------------------------------------------------------------------------
LEI 213800HKRFK8PNUNV581
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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
----------------------------------------------------------------------------------------------------------------
Description of the Financial Ordinary shares of EUR0.05 each in Accsys Technologies plc ("Shares")
instrument, type of instrument
------------------------------------ --------------------------------------------------------------------------
Identification code GB00BQQFX454
------------------------------------ --------------------------------------------------------------------------
Nature of the Transaction Purchase of Shares
------------------------------------ --------------------------------------------------------------------------
Price(s) and volume(s) Price(s) GBP Volume(s)
------------------------------------ ------------------------------------ ------------------------------------
1.175 10,000
----------------------------------------- ------------------------------------ ------------------------------------
Aggregated information: N/A single transaction
----------------------------------------- --------------------------------------------------------------------------
Date of the transaction 26 June 2019
----------------------------------------- --------------------------------------------------------------------------
Place of the transaction London Stock Exchange (XLON); AIM Market
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ACCSYS TECHNOLOGIES PLC
("Accsys" of "de Vennootschap")
Aandelenaankoop door een PCA van een Non-Executive Director
Accsys, de snelgroeiende en duurzame chemische technologie
groep, is geinformeerd dat Anthony Christopher Mair, een persoon
nauw verbonden ("PCA") met Accsys Non-Executive Director Sue Farr,
op vrijdag 26 juni 2019 in totaal 10.000 gewone aandelen in de
Vennootschap ("Aandelen") van EUR 0,05 per aandelen heeft gekocht
tegen een prijs van GBP1,175 per aandeel.
De onderstaande kennisgevingen worden gedaan op grond van
artikel 19 van de Market Abuse Regulation ("MAR") met betrekking
tot bepaalde transacties door personen met leidinggevende
verantwoordelijkheden ("PDMR") en personen die nauw met hen
verbonden zijn, in aandelen van de Vennootschap.
1. Gegevens over de persoon met leidinggevende verantwoordelijkheden / nauw verbonden persoon
Naam Anthony Christopher Mair
------------------------------------ --------------------------------------------------------------------------
2. Reden voor de kennisgeving
----------------------------------------------------------------------------------------------------------------
Positie/Status De kennisgeving betreft een persoon die nauw betrokken is bij een persoon
met leidinggevende
verantwoordelijkheden, zijnde Sue Farr, Non-Executive Director
------------------------------------ --------------------------------------------------------------------------
Eerste kennisgeving / wijziging Eerste kennisgeving
------------------------------------ --------------------------------------------------------------------------
3. Gegevens van de emittent, deelnemer aan de emissierechtenmarkt, veilingplatform, veilingmeester
of veilingmonitor
----------------------------------------------------------------------------------------------------------------
Naam Accsys Technologies plc
------------------------------------ --------------------------------------------------------------------------
LEI 213800HKRFK8PNUNV581
------------------------------------ --------------------------------------------------------------------------
4. Details van de transactie (s): sectie die moet worden herhaald voor (i) elk type instrument;
(ii) elk type transactie; (iii) elke datum; en (iv) elke plaats waar transacties zijn uitgevoerd
----------------------------------------------------------------------------------------------------------------
Beschrijving van het Gewone aandelen van elk EUR 0,05 in Accsys Technologies plc ("aandelen")
financiële instrument, type
instrument
------------------------------------ --------------------------------------------------------------------------
Identificatiecode GB00BQQFX454
------------------------------------ --------------------------------------------------------------------------
Aard van de transactie Aankoop van aandelen
------------------------------------ --------------------------------------------------------------------------
Prijs en volume Prijs GBP Volume
------------------------------------ ------------------------------------ ------------------------------------
1,175 10.000
----------------------------------------- ------------------------------------ ------------------------------------
Geaggregeerde informatie Niet toepasbaar
----------------------------------------- --------------------------------------------------------------------------
Datum van de transactie 26 juni 2019
----------------------------------------- --------------------------------------------------------------------------
Plaats van de transactie London Stock Exchange (XLON); AIM Market
----------------------------------------- --------------------------------------------------------------------------
- Ends -
For further information, please contact:
Accsys Technologies PLC via MHP Communications
Paul Clegg, CEO
Will Rudge, FD
Numis Securities - Nominated Adviser and
Joint Broker
Nominated Adviser: Oliver Hardy
Corporate Broking: Christopher Wilkinson +44 (0) 20 7260
/ Ben Stoop 1000
Investec Bank plc - Joint Broker
Carlton Nelson
James Rudd +44 (0) 20 7597
Alex Wright 5970
MHP Communications
Tim Rowntree +44 (0) 20 3128
Kelsey Traynor 8100
Off the Grid (The Netherlands)
Frank Neervoort +31 681 734 236
Yvonne Derske +31 222 379 666
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is a chemical
technology group whose primary focus is on the production of
Accoya(R) wood and Tricoya(R) wood elements, technology licensing
via its subsidiary, Titan Wood Limited, which has manufacturing
operations in Arnhem, the Netherlands (through its subsidiary Titan
Wood B.V.), a European office in London, United Kingdom, an
American office in Dallas, Texas (via its subsidiary Titan Wood,
Inc.) and technology licensing associated with the acetylation of
wood elements via its subsidiary Tricoya Technologies Limited. 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'. Accsys' operations comprise four principal
business units: (i) Accoya(R) wood production; (ii) building and
operating of Tricoya(R) wood chip acetylation plant in Hull; (iii)
technology development, focused on a programme of continuous
development of and improvements to the process engineering and
operating protocols for the acetylation of solid wood and the
development of technology for the acetylation of wood elements; and
(iv) the licensing of technology for the production of Accoya(R)
wood and Tricoya(R) wood elements across the globe.
Tricoya(R) Consortium In March 2017, Accsys announced the
formation of the Tricoya(R) Consortium to fund, build and operate
the Tricoya(R) plant in Hull, UK. Members of the consortium include
BP and the leading manufacturer of sustainable wood-based panels,
MEDITE Europe DAC. Tricoya Ventures UK Ltd (TVUK), a subsidiary of
Accsys, owns and will operate the Tricoya(R) plant. TTL exploits
all Tricoya(R) related intellectual property and benefits from any
Tricoya(R) related revenues other than those generated by the
Tricoya(R) plant. The Tricoya(R) plant is expected to have an
initial capacity of 30,000 metric tonnes of Tricoya(R) chips per
annum, enough to produce approximately 40,000m(3) of Tricoya(R)
panel products per annum. The Tricoya(R) plant is expected to reach
EBITDA breakeven at approximately 40% design capacity and to take
approximately four years to reach full capacity following
completion. The location of the Tricoya(R) plant at Saltend
Chemicals Park in Hull allows for expansion when market conditions
dictate.
Accoya(R) Wood (www.accoya.com) is produced using Accsys'
proprietary patented acetylation technology that effectively
converts sustainably grown softwoods and non-durable hardwoods into
what is best described as a "high technology wood". Distinguished
by its durability, dimensional stability and, perhaps most
importantly of all, its reliability (in terms of consistency of
both supply and quality), Accoya(R) wood is particularly suited to
exterior applications where performance and appearance are valued.
Moreover, the Accoya(R) wood production process does not compromise
the wood's strength or machinability. The combination of
dimensional stability, durability and retained strength means that
Accoya(R) wood offers a wealth of new opportunities to architects,
designers and specifiers. These benefits result in lower
maintenance and total cost of ownership while using a higher
sustainable and environmental responsible building material. For a
full archive of Accoya(R) news, visit www.accoya.com/news.
Tricoya(R) Wood Elements (www.tricoya.com) are produced using
Accsys' proprietary technology for the acetylation of wood chips
and particles for use in the fabrication of panel products such as
medium density fibreboard and particle-board. These products
demonstrate enhanced durability and dimensional stability which
allow them to be used in a variety of applications that were once
limited to solid wood or man-made products. Exploitation of Accsys'
proprietary technology relating to Tricoya(R) Wood Elements is
carried out through Tricoya Technologies Limited. Tricoya(R) Wood
Elements are lauded as the first major innovation in the wood
composites industry in more than 30 years.
Wood Acetylation is a process which increases the amount of
'acetyl' molecules in wood, thereby changing its physical
properties. When carried out to a sufficient level throughout the
wood, this process protects wood from rot by making it "inedible"
to most micro-organisms and fungi, without - unlike conventional
treatments - making it toxic. It also greatly reduces the wood's
tendency to swell and shrink, making it less prone to cracking and
ensuring that, when painted, it requires dramatically reduced
maintenance.
Accsys Technologies is the trading name of Titan Wood Limited.
ACCOYA(R) , TRICOYA(R) and the Trimarque Device are registered
trademarks owned by Titan Wood Limited ("TWL"), a wholly owned
subsidiary of Accsys Technologies PLC, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya(R) registered trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the
Tricoya(R) brand.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHFPMMTMBATBFL
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