Notifiable Interest - Replacement

RNS Number : 2394D
Accsys Technologies PLC
18 March 2011
 



AIM: AXS

NYSE Euronext Amsterdam: AXS

18 March 2011

 

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

 

Notifiable Interest Replacement

 

The Company announces that it received the following correction to the Notifiable Interest that was announced earlier today for OP-Fund Management Company Ltd. The correct name of person(s) subject to the notification obligation is OP-Pohjola Group Central Cooperative and this notification should be deemed to replace the earlier announcement.

 

TR-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): Open Offer

x

3. Full name of person(s) subject to the
notification obligation:
iii

OP-Pohjola Group Central Cooperative

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

OP-Fund Management Company Ltd. on behalf of

OP-Europe Equity Fund (UCITS)

5. Date of the transaction and date on
which the threshold is crossed or
reached:
v

23 February 2011

6. Date on which issuer notified:

18 March 2011

7. Threshold(s) that is/are crossed or
reached:
vi, vii

7%

 

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

Number
of
Shares

Number
of
Voting
Rights

Number
of shares

Number of voting
rights

% of  voting rights x

Direct

Direct xi

Indirect xii

Direct

Indirect

Ord Euro 0.01

14 905 690

-

22 358 534


-

5.55%

-

GB00BOLMC530


B: Qualifying Financial Instruments

Resulting situation after the triggering transaction

Type of financial
instrument

Expiration
date
xiii

Exercise/
Conversion Period
xiv

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

% of voting
rights







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

Expiration date xvii

Exercise/
Conversion period
xviii

Number of voting rights instrument refers to

 

% of voting rights xix, xx

 





 

 

Nominal

Delta




Total (A+B+C)

Number of voting rights

Percentage of voting rights

22 358 534

5.55%

 

9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
xxi

 

OP-Pohjola Group Central Cooperative (Central Cooperative) is Central institution of OP-Pohjola Group. As a central institution, it is in charge of Group steering and control. One of the main subsidiaries of Central Cooperative is OP Fund Management Company Ltd (hereinafter 'the Fund Management Company'), which manages the OP-Pohjola Group's mutual funds. Both the Fund Management Company and the Central Cooperative are separate legal entities and the Fund Management Company is one hundred per cent (100%) owned subsidiary of the Central Cooperative (the Parent Company). The corporate form of 'The Central Cooperative' is co-operative (society).  The regulatory authority of both corporations is the Financial Supervisory Authority (FIN-FSA) in Finland.

 

OP- Europe Equity Fund (hereinafter 'the Fund') is UCITS -fund and the regulation of 'The Fund' is based on the Finnish Act on 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 transferable securities (UCITS) and its amendments Directive 2001/107/EC and Directive 2001/108/EC of the European Parliament. 'The Fund' is not a separate legal entity (i.e. legal persons).'The Fund' is a mutual fund and it invests its assets primarily shares listed and the unitholders (i.e. investors) are legal owners of the fund units, but not the shares.

 

The Fund Management Company (~ UCITS Management Company)  is responsible for the management of the funds and it represents the funds in its own name and acts on their behalf in matters concerning the funds and exercises the rights associated with the funds' assets (i.e. shares). The majority of Board of Directors of the Fund Management Company is appointed by the Central Cooperative.  


Proxy Voting:

10. Name of the proxy holder:

Not named

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-Pohjola Group Central Cooperative

OP Fund Management Company Ltd

Address: Teollisuuskatu 1b, 00100 Helsinki, Finland

14. Contact name:

Ms. Merja Pöllänen, Fund Assistant

OP Fund Management Company Ltd

15. Contact telephone number:

+358 10 252 2354

 

Ends

 

 

For further information, please contact:

 

Accsys Technologies PLC

Paul Clegg, CEO

Hans Pauli, CFO

via Citigate Dewe Rogerson

Matrix Corporate Capital LLP

 

 

Stephen Mischler

Nick Stone

Edmund Glover

+44 20 3206 7000

 

 

Numis Securities Limited

Christopher Wilkinson

Ben Stoop

+44 20 7260 1347

+44 20 7260 1410

Citigate Dewe Rogerson

Ginny Pulbrook

Malcolm Robertson

Suzanne Bakker

+44 20 7282 2945

+44 20 7282 2867

+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® wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya® wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya® wood  and Tricoya® wood elements across the globe.

Accoya® Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. 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 woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use. 

Tricoya® Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, 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 which 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.

Wood Acetylation is a process, which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The environmentally responsible process protects wood from rot by making it "inedible" to most micro-organisms and insects, 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. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.  

Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.

 


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