Source - LSE Regulatory
RNS Number : 7585U
Accsys Technologies PLC
27 November 2023
 

AIM: AXS

Euronext Amsterdam: AXS

 

27 November 2023

 

Accsys Technologies PLC

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

 

Notifiable Interest - Teslin Participaties Coöperatief U.A.

 

TR-1: Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS

 

1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Accsys Technologies PLC

 

1b. Please indicate if the issuer is a non-UK issuer (please mark with an "X" if appropriate)

 

Non-UK issuer


 

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

 

An acquisition or disposal of voting rights

 

 

An acquisition or disposal of financial instruments


 

An event changing the breakdown of voting rights


 

Other (please specify)iii:

As a result of Hoogh Blarick BV and Teslin Participaties Coöperatief UA having entered into a relationship agreement with Accsys, a lasting common policy applies.

 

3. Details of person subject to the notification obligationiv

 

Name         

Teslin Participaties Coöperatief U.A.

 

City and country of registered office (if applicable)

Maarsbergen, The Netherlands

 

4. Full name of shareholder(s) (if different from 3.)v

 

Name

 

 

City and country of registered office (if applicable)


 

5. Date on which the threshold was crossed or reachedvi:

23/11/2023

 

6. Date on which issuer notified (DD/MM/YYYY):

24/11/2023

 

7. Total positions of person(s) subject to the notification obligation

 

 

% of voting rights attached to shares (total of 8. A)

% of voting rights through financial instruments
(total of 8.B 1 + 8.B 2)

Total of both in % (8.A + 8.B)

Total number of voting rights of issuervii

 

Resulting situation on the date on which threshold was crossed or reached

29.28000%

0.00%

29.28000%

70,064,708

 

Position of previous notification (if applicable)

15.781000%

-

15.781000%

 

 

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

 

A: Voting rights attached to shares

 

Class/type of
shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

 

Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)

 

Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

Direct
(Art 9 of Directive 2004/109/EC) (DTR5.1)


Indirect
(Art 10 of Directive 2004/109/EC) (DTR5.2.1)

 

GB00BQQFX454

35,720,981

34,343,727

14.93000%

14.35000%

 

 


 


 

 

 


 


 

 

SUBTOTAL 8. A

70,064,708

29.28000%

 

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Number of voting rights that may be acquired if the instrument is exercised/converted

% of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8. B 1

 

 

 

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

 

Type of financial instrument

Expiration
date
x

Exercise/
Conversion Period
xi

Physical or cash settlementxii

Number of voting rights

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SUBTOTAL 8.B.2

 

 

 

 

 

 

 

 

 

 

9. Information in relation to the person subject to the notification obligation (please mark the

applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

X

Full chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv (please add additional rows as necessary)

 

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial instruments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

 

 

 

 

 

 

 

 

 

 

 

 

10. In case of proxy voting, please identify:

Name of the proxy holder

 

The number and % of voting rights held

 

The date until which the voting rights will be held

 

11. Additional informationxvi















 

Place of completion

Amsterdam, The Netherlands

Date of completion

24 November 2023


ENDS

For further information, please contact:

Accsys Technologies PLC
Katharine Rycroft, Investor Relations

ir@accsysplc.com

Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop


+44 (0) 20 7260 1000

ABN AMRO Bank N.V. (Amsterdam)
Julie Wakkie, Diederik Berend

 


+31 20 628 5789

FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May


+44 (0) 20 3727 1340 

Communications (NL)

Clemens Sassen, Tessa Nelissen, Huijskens Sassen

 

+31 (0) 20 68 55 955

 

 

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 wood and Tricoya 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 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 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®) sustainable sources, Accoya wood has many environmental credentials and ecolabels, and 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.

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 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® wood, visit www.accoya.com.

Tricoya 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 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 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 wood elements, visit www.tricoya.com.

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, 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 trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
HOLPPGUWGUPWUBM
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJBell logo

Related Charts

Accsys Technologies PLC (AXS)

+0.40p (+0.74%)
delayed 16:55PM