AIM: AXS
Euronext Amsterdam:
AXS
19
July 2024
Accsys Technologies
PLC
("Accsys", the
"Group" or the "Company")
Director Interests and Incentive Awards
Accsys, the world's leading supplier
of premium, high performance and sustainable wood building
materials, today announces that the Remuneration Committee has
granted bonus and long term incentive awards to various senior
employees, including the Chief Executive Officer, Jelena Arsic van
Os, and Interim Chief Financial Officer, Hans Pauli. The awards
have been granted in accordance with the terms of the Deferred
Bonus Plan (DBP) rules and the Long Term Incentive Plan (LTIP)
rules.
The DBP awards have been granted in
respect of bonuses earned for the financial year ending 31 March
2024. In the case of Jelena Arsic van Os and as referred to in the
Directors' Remuneration Report for that year, she has been awarded
140,600 new ordinary shares of €0.05 each in the Company (Ordinary
Shares) which will vest 80% on 1 September 2024, and 20% on 18 July
2026.
Hans Pauli's award of 43,138
Ordinary Shares was granted to him in respect of his service before
his appointment as an Executive Director and will vest in full on 1
September 2024.
The LTIP awards are nil priced
options over a total of 1,562,252 Ordinary Shares. Of this total,
an award over 886,364 shares has been granted to Jelena Arsic van
Os, and an award over 143,092 shares to Hans Pauli.
The awards will vest three years
after grant, subject to the terms of the LTIP Plan Rules, including
continued employment of the beneficiaries by the Company and
satisfaction of performance targets. Information in relation to the
performance conditions is contained in the Directors' Remuneration
Report for the year ended 31 March 2024. A two-year holding period
applies to the awards granted to Jelena Arsic van Os and Hans Pauli
following the end of the vesting period.
The Directors' Remuneration Report
for the year ended 31 March 2024 can be found on page 93 of the
Annual Report and Financial Statements covering the same
period (see www.accsysplc.com/investors/reports-results/).
|
1
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Details of the person discharging managerial
responsibilities/person closely associated
|
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a)
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Name
|
Jelena Arsic van Os
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer
|
|
a)
|
Name
|
Accsys Technologies PLC
|
|
b)
|
LEI code
|
213800HKRFK8PNUNV581
|
|
4
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of €0.05
each
|
|
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Identification code
|
ISIN GB00BQQFX454
|
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b)
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Nature of the transaction
|
Grant of award under the Accsys
Deferred Bonus Plan.
|
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c)
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Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
140,600
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
18 July 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Hans Pauli
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Interim Chief Financial Officer
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer
|
|
a)
|
Name
|
Accsys Technologies PLC
|
|
b)
|
LEI code
|
213800HKRFK8PNUNV581
|
|
4
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of €0.05
each
|
|
|
Identification code
|
ISIN GB00BQQFX454
|
|
b)
|
Nature of the transaction
|
Grant of award under the Accsys
Deferred Bonus Plan.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
43,138
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
18 July 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Jelena Arsic van Os
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Chief Executive Officer
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer
|
|
a)
|
Name
|
Accsys Technologies PLC
|
|
b)
|
LEI code
|
213800HKRFK8PNUNV581
|
|
4
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of €0.05
each
|
|
|
Identification code
|
ISIN GB00BQQFX454
|
|
b)
|
Nature of the transaction
|
Grant of LTIP Options over Ordinary
Shares.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
886,364
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
18 July 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
|
1
|
Details of the person discharging managerial
responsibilities/person closely associated
|
|
a)
|
Name
|
Hans Pauli
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
Interim Chief Financial Officer
|
|
b)
|
Initial notification/
Amendment
|
Initial notification
|
|
3
|
Details of the issuer
|
|
a)
|
Name
|
Accsys Technologies PLC
|
|
b)
|
LEI code
|
213800HKRFK8PNUNV581
|
|
4
|
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
|
|
a)
|
Description of the financial
instrument, type of instrument
|
Ordinary shares of €0.05
each
|
|
|
Identification code
|
ISIN GB00BQQFX454
|
|
b)
|
Nature of the transaction
|
Grant of LTIP Options over Ordinary
Shares.
|
|
c)
|
Price(s) and volume(s)
|
|
Price(s)
|
Volume(s)
|
|
Nil
|
143,092
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
Not applicable - single
transaction
|
|
e)
|
Date of the transaction
|
18 July 2024
|
|
f)
|
Place of the transaction
|
Outside of a trading
venue
|
Ends
For
further information, please contact:
|
Accsys Technologies PLC
Investor Relations
|
IR@accsysplc.com
|
|
Deutsche Numis (London)
Oliver Hardy (NOMAD), Ben Stoop
|
+44 (0) 20 7260 1000
|
|
ABN
Amro (Amsterdam)
Dennis van
Helmond
|
+31 20
344 2000
|
|
Huijskens Sassen Communications (The
Netherlands)
Clemens Sassen
|
+31 20 685 5955
|
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 www.accsysplc.com
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
www.accoya.com
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 www.tricoya.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.
