Issue of Shares pursuant to Loan Note Deed

Accsys Technologies PLC

02 July 2026

 

AIM: AXS

Euronext Amsterdam: AXS

2 July 2026

Accsys Technologies PLC

("Accsys", the "Company" and together with its subsidiary companies, the "Group")

The manufacturer of high performance and sustainable Accoya wood

Issue of Shares pursuant to Loan Note Deed

As part of the Company's capital raise announced on 21 November 2023, and following execution of the Loan Note Deed on 23 November 2023 (the "Deed"), €21 million of convertible loan notes were issued to five holders, including Teslin Participates Coöperatief U.A. ("Teslin") and De Engh B.V. ("De Engh") (together the "Noteholders"), for a six-year term on an unsecured basis with a fixed coupon of 9.5%.

Under the terms of the Deed, all Noteholders had the option, for the period of 30 months from the date of the Deed up to and including 23 May 2026 (the "Interest Date"), to elect to receive accrued and rolled-up interest to the Interest Date either in i) cash or ii) ordinary shares of €0.05 each in the capital of the Company (the "Shares") at a conversion price of €0.8322 per Share in €500,000 tranches, with the residual interest balance payable in cash. 

The Company today announces that three Noteholders have elected to receive interest accrued up to the Interest Date in cash, whilst Teslin and De Engh have elected to receive accrued interest to the Interest Date in Shares (the "Share Election"), thereby improving the Group's net debt position.

Further terms of the Deed are set out in the Company's announcement of 21 November 2023.

Issue of Shares

Accordingly, pursuant to the Share Election, the Company announces the issue of 3,004,085 Shares as follows:

Teslin:                    600,817 Shares in respect of €500,000 of accrued and rolled up interest under the Deed
De Engh:               2,403,268 Shares in respect of €2,000,000 of accrued and rolled up interest under the Deed

Application for admission of 3,004,085 Shares to trading on AIM and Euronext Amsterdam has now been made, with admission expected on or around 3 July 2026. The Company does not hold any Shares in treasury. Therefore, the total voting rights in the Company following the issue of the Shares will be 246,674,698. Following the issue of the Shares, this figure may be used by shareholders as the denominator for the calculations by which they may determine if they are required to notify their interest in, or a change to their interest in, the Company's securities under the FCA's Disclosure Guidance and Transparency Rules.

Ends

Enquiries:

Accsys Investor Relations                                                                                    [e-mail]

Panmure Liberum (London) - Nomad and Broker

Nicholas How (NOMAD), Will King                                                                      [phone]

ABN Amro (Amsterdam) - Broker

Richard van Etten, Dennis van Helmond                                                            [phone]

Media: 

Camarco (UK)                                                                                              [e-mail]

Ginny Pulbrook, Tom Huddart, Tilly Butcher                                                     [phone]                                                                        

Huijskens Sassen Communications (NL)

Clemens Sassen, Tessa Nelissen                                                                    [phone]

Notes to editors:

Accsys (Accsys Technologies PLC) is disrupting the building materials industry with its high-performance wood products and proprietary technology. Driven by its purpose of "changing wood to change the world", Accsys takes fast-growing, certified sustainable wood and turns it into long lasting, eco-friendly building materials - backed by warranties of up to 50 years. Operating in the rapidly growing global wood construction market, Accsys has an established manufacturing footprint in Europe and North America with active product distribution in more than 25 countries. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'.

Accsys is a Participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business.

Visit www.accsysplc.com 

Accoya^® is the global leader for high-performance wood. Created through a proprietary acetylation process developed by Accsys, Accoya delivers superior durability and stability, backed by an industry-leading warranty of up to 50 years. It holds Cradle to Cradle Certified^® Gold (Full Scope - V3.1) status for its circular economy benefits. Combining the natural beauty of wood with exceptional performance, Accoya is the preferred choice for windows, doors, cladding, and decking - outperforming hardwoods and manmade materials in durability, stability, and sustainability.

Tricoya^® acetylated wood chips redefine panel products, creating next-generation panels that thrive outdoors and in wet environments. Recognised as the biggest leap in wood composites in over 30 years, Tricoya panels combine the strength and versatility of traditional products with unmatched durability and eco-friendliness - backed by a warranty of up to 50 years - expanding design and construction possibilities like never before.

To find out more visit: www.accoya.com

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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