TIDMAXS
RNS Number : 4845W
Accsys Technologies PLC
18 August 2020
AIM: AXS
Euronext Amsterdam: AXS
18 August 2020
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Notice of Annual General Meeting
Accsys Technologies PLC (the "Company") announces that it will
be holding its Annual General Meeting at 10:30 a.m. (UK time) on
Friday, 18 September 2020.
Copies of each of the following documents have been posted to
shareholders (except those shareholders who have previously
consented to receive information via the website):
1. Annual Report and Financial Statements of the Company for the year ended 31 March 2020;
2. Circular to shareholders of the Company, including notice of
the Annual General Meeting of the Company ("AGM Circular");
3. Form of proxy for use at the Annual General Meeting; and
4. Request for consent to send or supply documents and
information via a website (except those shareholders who have
previously requested to receive documents and information in hard
copy).
The Annual Report and Financial Statements and the AGM Circular
are also available on the Company's website at www.accsysplc.com
.
Impact of Coronavirus (COVID-19) on the Annual General
Meeting
The Company is closely monitoring developments relating to the
current outbreak of COVID-19, including the related public health
guidance and legislation issued by the UK Government.
The UK Government advice is, amongst other things, to help
people to work from home and to maintain social distancing where
possible.
The health and safety of our shareholders and colleagues is
always our utmost priority. As provided for pursuant to the
Corporate Insolvency and Governance Act 2020, and in line with
guidance from The Chartered Governance Institute (July 2020,
endorsed by The Department for Business, Energy and Industrial
Strategy and the Financial Reporting Council) the Annual General
Meeting shall be held as a closed meeting and shareholders and
their proxies (other than the chair) will not be able to attend.
The Company will make arrangements such that the legal requirements
to hold the Annual General Meeting can be satisfied through the
attendance of a minimum number of Directors or employees and the
format of the Annual General Meeting will be purely functional.
Shareholders are therefore strongly encouraged to submit a proxy
vote in advance of the Annual General Meeting. Details on how to
submit your proxy vote by post are set out in the AGM Circular.
Notwithstanding the above, shareholder engagement remains
important to the Company. We therefore encourage shareholders to
submit any questions that they may otherwise have wished to raise
in person at the Annual General Meeting to the Company in advance
of the Annual General Meeting, as further set out in the AGM
Circular. We shall endeavour to respond to any questions as swiftly
as possible and publish responses on our website at
www.accsysplc.com .
This situation is constantly evolving, and the UK Government may
change current restrictions or implement further measures relating
to the holding of general meetings during the affected period. Any
changes to the Annual General Meeting will be communicated to
shareholders before the Annual General Meeting through our website
at www.accsysplc.com and, where appropriate, by RIS
announcement.
ENDS
For further information, please contact:
Accsys Technologies Robert Harris, CEO via FTI Consulting
PLC William Rudge, FD
Numis Securities Limited
-Nominated Adviser
and Oliver Hardy (NOMAD)
Joint Broker Ben Stoop +44 (0) 20 7260 1000
Carlton Nelson
Investec Bank plc - James Rudd
Joint Broker Alex Wright +44 (0) 20 7597 5970
Matthew O'Keeffe
FTI Consulting Alex Le May +44 (0) 20 3727 1340
Frank Neervoort +31 681 734 236
Off the Grid (The Netherlands) Yvonne Derkse +31 622 37 96 66
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 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 characteristics that match or better those
of man-made, intensely resource-depleting and heavily
carbon-polluting alternatives.
The company's primary focus is on the production of Accoya (R)
wood and Tricoya (R) wood elements, as well as technology licensing
via its subsidiaries Titan Wood Limited and Tricoya Technologies
Limited. Accsys has its head office in London, UK, production
operations in Arnhem, the Netherlands, an American office in
Dallas, Texas, and is constructing the world's first Tricoya (R)
plant in Hull, UK.
Accsys is committed to a more sustainable world, and uses
abundantly available wood sources that are certified as
sustainable. With our business model already aligned with several
UN Sustainable Development Goals, Accsys is currently working on
identifying further strategic ESG priorities to have an even
greater positive impact on the world.
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'.
More information about Accsys can be found at
www.accsysplc.com
Accoya (R) wood is a sustainable, durable and stable solid wood
product 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. Produced from certified (e.g. FSC
(R) ) sustainable sources, Accoya (R) wood has many environmental
credentials and ecolabels, and is one of very few building
materials to be Cradle to Cradle Certified(TM) 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.
With an up to 50 year warranty and 70+ year service life, the
combination of sustainability, dimensional stability, durability
and retained strength means that Accoya (R) wood offers a wealth of
new opportunities to architects, designers, specifiers,
manufacturers and homeowners. These benefits result in lower
maintenance and total cost of ownership while also offering
significant sustainability benefits. For more information about
Accoya (R) wood, visit www.accoya.com .
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 (MDF) and particle-board.
Panel products made with Tricoya (R) wood elements are truly
durable and stable enough for use outdoors and in wet environments.
Combining the sustainability, durability and stability from our
acetylation process with the ease of use and quality finish of wood
panel products, the enhanced durability and dimensional stability
opens new opportunities for the use of these products, making them
suitable in applications and environments that previously required
solid wood, synthetic or unsustainable materials.
Tricoya (R) wood elements have been lauded as the first major
innovation in the wood composites industry in more than 30 years.
For more information about Tricoya (R) wood elements, visit
www.tricoya.com.
In March 2017, Accsys announced the formation of the Tricoya (R)
Consortium to fund, build, own and operate the Tricoya (R) plant in
Hull, UK, through its subsidiary Tricoya Ventures UK Limited.
Members of the consortium include BP and the leading manufacturer
of sustainable wood-based panels, MEDITE Europe DAC. More
information is available at:
https://www.accsysplc.com/about-us/accsys-corporate-structure/
Wood acetylation is a process which increases the naturally
occurring acetyl content of wood, thereby changing its physical
properties. When carried out to a sufficient degree throughout the
wood, as with Accsys' proprietary process, it significantly reduces
the ability of the wood to absorb water without adding any toxic or
harmful compounds, elements or substances that were not already
present in the wood. This makes it much more dimensionally stable
and, because it is no longer easily digestible to most organisms,
extremely durable.
'Accsys' and 'Accsys Technologies' are trading names of Titan
Wood Limited ("TWL"), a wholly-owned subsidiary of Accsys
Technologies PLC. Accoya (R) , Tricoya (R) 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 (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
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