Director/PDMR Shareholding

RNS Number : 8943J
Accsys Technologies PLC
15 December 2022


Euronext Amsterdam: AXS


15 December 2022


Accsys Technologies PLC

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


Director/PDMR Dealing



The following notification is made under article 19 of the Market Abuse Regulation relating to certain transactions by William Rudge, as a person discharging managerial responsibilities (PDMR) in the Shares of the Company.


Details of the person discharging managerial responsibilities/person closely associated



William Rudge


Reason for the notification



Finance Director


Initial notification/ Amendment

Initial notification


Details of the issuer



Accsys Technologies PLC


LEI code



Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


Description of the financial instrument, type of instrument

Ordinary shares of €0.05 each

Identification code



Nature of the transaction

(i) Exercise of certain nil cost options relating to the Company's Long Term Incentive Plan (LTIP), specifically 53,221 shares vested under the 2016 LTIP and 40,269 shares vested under the 2017 LTIP, and (ii) the subsequent sale of 44,031 shares sold to satisfy income tax and NIC liabilities, together with the brokerage cost of selling the same



Price(s) and volume(s)




(i) Acquisition of shares on exercise of share option




(ii) Sale of shares to satisfy income tax, NIC liability and brokerage cost

£ 0.632 per share


Shares retained




Aggregated information

- Aggregated volume

- Price

(i) Exercise

Volume:  93,490
Price:  Nil

(ii) Shares sold to satisfy income tax, NIC liability and brokerage cost of sale

Volume:  44,031
£0.632 per share


Date of the transaction

14 December 2022


Place of the transaction

(i) Exercise of LTIPs - outside of a trading venue
(ii) Sale of shares - London Stock Exchange (XLON); AIM Market



For further information, please contact:

Accsys Technologies PLC
Katharine Rycroft, Investor Relations

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

+44 (0) 20 7260 1000

Investec Bank plc (London)
Carlton Nelson, Alex Wright

ABN Amro (Amsterdam)
Richard van Etten, Dennis van Helmond

+44 (0) 20 7597 5970

+31 20 344 2000

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

+44 (0) 20 3727 1340 

Off the Grid (The Netherlands)
Frank Neervoort, Yvonne Derske

+31 681 734 236



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 Accoya® wood and Tricoya® wood elements:  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 an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives.  Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'.  Visit  

Accoya® solid wood is sustainable, durable, and stable 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. It 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. Primary applications for Accoya® wood include windows, doors, cladding and decking, where the combination of performance and sustainability benefits compete favorably against hardwoods, plastics, metals and concrete. Visit

Tricoya® acetylated wood elements are produced for use in the fabrication of panel products such as medium density fibreboard (MDF). Panel products made with Tricoya® wood elements are truly durable and stable enough for use outdoors and in wet environments, unlocking new possibilities for design and construction. They have been lauded as the first major innovation in the wood composites industry in more than 30 years and bring the flexibility of traditional panel products and sustainability benefits of wood to a whole new range of applications. Visit

Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. '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 brand trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.


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