Director/PDMR Shareholding

RNS Number : 4643Z

Accsys Technologies PLC

15 March 2012

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

15 March 2012

ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")

Directors and Persons Discharging Managerial Responsibilities' Interests

Further to the announcement on 3 January 2012, Accsys, the environmental science and wood technology company, announces in compliance with the AIM Rules and Disclosure and Transparency Rules that 400,200 of the 750,000 ordinary shares of €0.01 in the Company ("Ordinary Shares") released from the Accsys Employee Benefit Trust to Mr Paul Clegg have been transferred into Individual Savings Accounts ('ISA') held in the name of Mr Clegg, his spouse and children, or transferred to and are now held directly by children of Mr Clegg as set out below:

Name                           Number of Ordinary Shares                Number of Ordinary Shares

                                    Beneficially held in ISA                        held Directly

Paul Clegg                                 66,700                                                  -

Susan Clegg                              66,700                                                  -

Isabella Clegg                            66,700                                                  -

Eloisa Clegg                               66,700                                                  -

Hugh Clegg                                22,350                                                  44,350 

Thomas Clegg                            22,350                                                  44,350

The above transactions were carried out on 13 March and 15 March 2012. Transfers by Mr Clegg to his spouse and children were effected on a gift basis at nil consideration. Ordinary Shares were sold and repurchased into the individual ISA accounts at a price of between 15.57 pence and 16.25 pence.

Ends

For further information, please contact:

Accsys Technologies PLC		Paul Clegg, CEO Hans Pauli, CFO		via Citigate Dewe Rogerson
Numis Securities		Nominated Adviser: Oliver Cardigan Corporate Broking:  Christopher Wilkinson                               Ben Stoop		[phone]
Citigate Dewe Rogerson		Chris Gardner Malcolm Robertson Suzanne Bakker		[phone] [phone] [phone]

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^® 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^® 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.

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^® 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. For marine uses where weight is also important, Accoya^® 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^® 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 wood based composites, including panel products. These composites 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. Tricoya^® Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.

 

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