ACCSYS TECHNOLOGIES PLC Company | Accsys Technologies PLC |
TIDM | AXS |
Headline | Notifiable Interest |
Released | 2 July 2015 |
Number | 0593S |
("Accsys" or "the Company")
Notifiable InterestTR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii | ACCSYS TECHNOLOGIES PLC |
2 Reason for the notification (please tick the appropriate box or boxes): | |
An acquisition or disposal of voting rights | |
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | |
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | |
An event changing the breakdown of voting rights | |
Other (please specify): PASSIVE CROSSING OF THRESHOLD | X |
3. Full name of person(s) subject to the notification obligation: iii | OP GROUP CENTRAL COOPERATIVE |
4. Full name of shareholder(s) (if different from 3.):iv | OP-EUROPE EQUITY FUND |
5. Date of the transaction and date on which the threshold is crossed or reached: v | 30/06/2015 |
6. Date on which issuer notified: | 02/07/2015 |
7. Threshold(s) that is/are crossed or reached: vi, vii | 5.00% |
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8. Notified details: | |||||||
A: Voting rights attached to shares viii, ix | |||||||
Class/type of shares if possible using the ISIN CODE | Situation previous to the triggering transaction | Resulting situation after the triggering transaction | |||||
Class/type of shares if possible using the ISIN CODE | Number of Shares | Number of Voting Rights | Number of shares | Number of voting rights | % of voting rights x | ||
Class/type of shares if possible using the ISIN CODE | Number of Shares | Number of Voting Rights | Direct | Direct xi | Indirec t xii | Direct | Indire ct |
GB00BQQFX4 54 | 4471706 | 4471706 | 447170 6 | 447170 6 | 4.98% |
xiv
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi | |||||
Resulting situation after the triggering transaction | |||||
Type of financial instrument | Exercise price | Expiratio n date xvii | Exercise/ Conversio n period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx |
Nomin al | Delta | ||||
Total (A+B+C) | |
Number of voting rights | Percentage of voting rights |
4471706 | 4.98% |
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9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
OP GROUP CENTRAL COOPERATIVE (HEREINAFTER 'CENTRAL COOPERATIVE') IS THE CENTRAL INSTITUTION OF OP GROUP. AS CENTRAL INSTITUTION IT IS IN CHARGE OF GROUP STEERING AND CONTROL. ONE OF THE MAIN SUBSIDIARIES IS OP FUND MANAGEMENT COMPANY LTD (HEREINAFTER 'FUND MANAGEMENT COMPANY'), WHICH MANAGES OP GROUP'S MUTUAL FUNDS. BOTH THE FUND MANAGEMENT COMPANY AND THE CENTRAL COOPERATIVE ARE SEPARATE LEGAL ENTITIES AND THE FUND MANAGEMENT COMPANY IS A FULLY OWNED SUBSIDIARY OF THE CENTRAL COOPERATIVE. THE CORPORATE FORM OF THE CENTRAL COOPERATIVE IS CO-OPERATIVE. THE REGULATORY AUTHORITY OF BOTH CORPORATIONS IS THE FINANCIAL SUPERVISORY AUTHORITY (FIN-FSA) IN FINLAND.
OP-EUROPE EQUITY FUND (HEREINAFTER 'FUND') IS A UCITS FUND AND THE REGULATION OF THE FUND IS BASED ON THE FINNISH ACT OF COMMON FUNDS 29.1.1999/48 WHICH HAS BEEN ENACTED PURSUANT TO COUNCIL DIRECTIVE 85/611/EEC OF 20 DECEMBER 1985 ON THE COORDINATION OF LAWS, REGULATIONS AND ADMINISTRATIVE PROVISIONS RELATING TO UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN THE TRANSFERABLE SECURITIES (UCITS) AND ITS AMENDMENTS DIRECTIVES 2001/107/EC AND 2001/108/EC OF THE EUROPEAN PARLIAMENT. THE FUND IS NOT A SEPARATE LEGAL ENTITY (I.E. LEGAL PERSON). THE FUND IS A MUTUAL
FUND AND IT INVESTS ITS ASSETS PRIMARILY IN LISTED SHARES AND THE UNITHOLDERS OF THE FUND (I.E. INVESTORS) ARE LEGAL OWNERS OF THE FUND UNITS BUT NOT THE ASSETS.
THE FUND MANAGEMENT COMPANY (~ UCITS MANAGEMENT COMPANY) IS RESPONSIBLE FOR THE MANAGEMENT OF THE FUND AND IT REPRESENTS THE FUND IN ITS OWN NAME AND ACTS ON THEIR BEHALF IN MATTERS CONCERNING THE FUND AND EXERCISES THE RIGHTS ASSOCIATED WITH THE FUND'S ASSETS. THE MAJORITY OF THE BOARD OF DIRECTORS OF THE FUND MANAGEMENT COMPANY IS APPOINTED BY THE CENTRAL COOPERATIVE.
Proxy Voting: |
10. Name of the proxy holder: |
11. Number of voting rights proxy holder will cease |
to hold: |
12. Date on which proxy holder will cease to hold |
voting rights: |
13. Additional information: | OP GROUP CENTRAL COOPERATIVE OP FUND MANAGEMENT COMPANY LTD TEOLLISUUSKATU 1 B, 00510 HELSINKI, FINLAND |
14. Contact name: | MIKKO MASKUNIITTY, HEAD OF MIDDLE OFFICE |
15. Contact telephone number: | +358 10 252 2897 |
Ends
For further information, please contact:
Accsys Technologies PLC Paul Clegg, CEO Hans Pauli, COO
Will Rudge, FD
via MHP Communications
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Numis Securities | Nominated Adviser: Oliver Cardigan Corporate Broking: Christopher Wilkinson Ben Stoop | +44 (0) 20 7260 1000 |
MHP Communications | Tim Rowntree James White Tess Harris | +44 (0) 20 3128 8100 |
Off the Grid (The Netherlands) | Frank Neervoort Giedo Van Der Zwan | +31 681 734 236 +31 624 212 238 |
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is a chemical technology group whose primary focus is on the production of Accoya® 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, an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc) and technology licencing associated with the acetylation of wood elements via its subsidiary Tricoya Technologies Limited. 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® 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® wood and Tricoya® wood elements across the globe.
Accoya® 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® 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® 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® 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® news, visit www.accoya.com/news.asp.
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 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® Wood Elements is carried out through Tricoya Technologies Limited. Tricoya® 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®, TRICOYA® 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® registered trademark, from Tricoya Technologies Limited, a wholly owned subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.
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