Notifiable Interest

RNS Number : 9070B

Accsys Technologies PLC

25 February 2011

 



Regulatory Announcement

Company Accsys Technologies PLC TIDM AXS Headline Notifiable Interest Released    25 February 2011 Number

AIM: AXS

NYSE Euronext Amsterdam: AXS

25 February 2011

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

Notifiable Interest

The Company announces that it received the following notification on 25 February 2011:

TR-1[i]:               notification of major interests in shares

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		X
An acquisition or disposal of financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights		X
Other (please specify): Disclosure under DTA transitional rule [FSA Policy Statement 06/11 para 3.39]
3. Full name of person(s) subject to the notification obligation[iii]:	Royal Bank of Canada
4. Full name of shareholder(s) (if different from 3.)[iv]:	Roy Nominees Limited
5. Date of the transaction (and date on which the threshold is crossed or reached if different)[v]:	18th February 2011
6. Date on which issuer notified:	24th February 2011
7. Threshold(s) that is/are crossed or reached:	5 %

8. Notified details:

1.  

1.   1.   1.  

A: Voting rights attached to shares
Class/type of shares  if possible using the ISIN CODE	Situation previous to the Triggering transaction [vi]		Resulting situation after the triggering transaction[vii]
	Number of Shares	Number of Voting Rights viii	Number of shares	Number of voting rights ix		% of voting rights
			Direct	Direct  x	Indirect xi	Direct	Indirect
Ordinary EUR 0.01 shares Isin GB00B0LMC530	11,555,855				23,111,709		5%

B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial instrument	Expiration date xiii	Exercise/ Conversion  Period/ Date xiv	Number of voting rights that may be acquired if the instrument is exercised/ converted.	% of voting rights

Total (A+B)
Number of voting rights	% of voting rights
23,111,709	5%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:
The shares are registered in the name Roy Nominees which acts as the nominee holding company for RBC Trustees (CI) Limited whose ultimate parent is Royal Bank of Canada Due to the change in the issued share capital from 200,602,528 shares to 403,102,528, Royal Bank of Cananda's reportable position has been reduced and crossed a reportable thresehold.

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:	This disclosure incorporates the position previouly disclosed by OakFoundation USA INC./Oak Holdings Limited.
14. Contact name:	Scott Roberts
15. Contact telephone number:	[phone]

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	[phone]
Numis Securities Limited	Christopher Wilkinson Ben Stoop	[phone] [phone]
Citigate Dewe Rogerson	Ginny Pulbrook 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 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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