Accsys Technologies PLC Directors' Interests (0480H)
05 Julio 2012 - 10:16AM
UK Regulatory
TIDMAXS
RNS Number : 0480H
Accsys Technologies PLC
05 July 2012
AIM: AXS
NYSE Euronext Amsterdam: AXS
5 July 2012
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Directors' Interests
The Company announces that in connection with employee
remuneration and incentivisation arrangements and in respect of the
period from 1 July 2011 to 30 June 2012, following recommendation
from the nomination and remuneration committee of the Company, the
Board has resolved to issue Ordinary Shares to an Employee Benefit
Trust, the beneficiaries of which include executive Directors.
Such Ordinary Shares shall vest if the employees, including the
executive Directors, remain in employment with the Company to the
vesting date, being 1 July 2013 (subject to certain other
provisions including good-leaver, take-over and committee
discretion provisions).
A total of 3,926,666 Ordinary Shares will be issued to the
Employee Benefit Trust, of which 2,166,666 relate to the executive
Directors as set out below:
Name Number Number of Ordinary Shares
Paul Clegg 1,500,000
Hans Pauli 666,666
All Ordinary Shares will be issued pending admission to trading
on AIM and Euronext which is expected to take place on 6 July
2012.
The issued share capital of the Company following admission will
be 407,943,308.
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Citigate
PLC Hans Pauli, CFO Dewe Rogerson
Nominated Adviser: Oliver
Cardigan
Corporate Broking: Christopher
Wilkinson +44 (0)20 7260
Numis Securities Ben Stoop 1000
Ginny Pulbrook +44 20 7282 2945
Malcolm Robertson +44 20 7282 2867
Citigate Dewe Rogerson Suzanne Bakker +31 20 575 4023
Notes to Editors:
Accsys Technologies PLC(www.accsysplc.com) is an environmental
science and technology company whose primary focus is on the
production of Accoya(R) wood and 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 Windsor, United Kingdom, and an
American office in Dallas, Texas (via its subsidiary Titan Wood,
Inc). All group subsidiaries are ultimately 100% owned by Accsys
and trade as Accsys Technologies. 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 by NYSE Euronext,
under the symbols 'AXS'. Accsys' operations comprise three
principal business units: (i) Accoya(R) wood production; (ii)
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
(iii) the licensing of technology for the production of Accoya(R)
wood and Tricoya(R) wood elements across the globe.
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.
Unlike most tropical and European hardwoods, its colour does not
degrade when exposed to ultraviolet light. Moreover, the Accoya(R)
wood production process does not compromise the wood's strength or
machinability. The combination of UV resistance, dimensional
stability, durability and retained strength means that Accoya(R)
wood offers a wealth of new opportunities to architects, designers
and specifiers. For marine uses where weight is also important,
Accoya(R) wood for the first time provides boat builders with a
wood that is strong, lightweight, durable and retains its natural
beauty for far longer. For a full archive of Accoya(R) news, visit
www.accoya.com/news.asp.
Wood Acetylation is a process which increases the amount of
'acetyl' molecules in wood, thereby changing its physical
properties. The 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.
Accoya(R) , Tricoya(R) , the Trimarque Device and the Elements
logo are registered trademarks owned by Titan Wood Limited and may
not be used or reproduced without written permission.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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