Accsys Technologies PLC Director Interests and LTIP Awards (4870H)
28 Julho 2023 - 3:00AM
UK Regulatory
TIDMAXS
RNS Number : 4870H
Accsys Technologies PLC
28 July 2023
AIM: AXS
Euronext Amsterdam: AXS
28 July 2023
Accsys Technologies PLC
("Accsys", the "Group" or the "Company")
Director Interests and Long Term Incentive Plan (LTIP)
Awards
Accsys, the fast-growing and eco-friendly company that combines
technology and ingenuity to enhance the properties of wood to
create products that are extremely durable and stable, presenting
new opportunities for the built environment, today announces that
the Remuneration Committee has granted long term incentive awards
to various senior employees, including the Chief Executive Officer,
Jelena Arsic van Os, and Chief Financial Officer, Steven Salo. The
awards have been granted in accordance with the terms of new LTIP
plan rules which the Company will be putting to its shareholders
for approval at the next AGM, due to be held on 20 September 2023
(the "LTIP Plan Rules").
The awards are nil priced options over a total of 1,306,659 new
ordinary shares of EUR0.05 each in the Company. Of this total, an
award over 499,488 shares has been granted to Jelena Arsic van Os,
and an award over 271,516 shares to Steven Salo.
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 2023. A two-year holding period applies to the awards
granted to Jelena Arsic van Os and Steven Salo following the end of
the vesting period.
In addition, Jelena Arsic van Os has been granted an award in
accordance with the LTIP Plan Rules in respect of a vested award
granted by her former employer which she forfeited in connection
with joining the Company (the "Buy-Out Award"). The Buy-Out Award
is a nil priced option over 131,557 new ordinary shares of EUR0.05
each in the Company. Further information in relation to the Buy-Out
Award is contained in the Directors' Remuneration Report for the
year ended 31 March 2023.
The Directors' Remuneration Report for the year ended 31 March
2023 can be found on page 93 of the Annual Report and Financial
Statements covering the same period (see
www.accsysplc.com/investors/reports-results/ ).
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Jelena Arsic van Os
------------------------------- -------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------- -------------------------------------
Details of the issuer
3
----------------------------------------------------------------------
a) Name Accsys Technologies PLC
------------------------------- -------------------------------------
b) LEI code 213800HKRFK8PNUNV581
------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of EUR0.05 each
instrument, type of instrument
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 499,488
----------
------------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
------------------------------- -------------------------------------
e) Date of the transaction 27 July 2023
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Steven Salo
------------------------------- -------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- -------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------- -------------------------------------
Details of the issuer
3
----------------------------------------------------------------------
a) Name Accsys Technologies PLC
------------------------------- -------------------------------------
b) LEI code 213800HKRFK8PNUNV581
------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of EUR0.05 each
instrument, type of instrument
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 271,516
----------
------------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
------------------------------- -------------------------------------
e) Date of the transaction 27 July 2023
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Jelena Arsic van Os
------------------------------- -------------------------------------
Reason for the notification
2
----------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- -------------------------------------
b) Initial notification/ Amendment Initial notification
------------------------------- -------------------------------------
Details of the issuer
3
----------------------------------------------------------------------
a) Name Accsys Technologies PLC
------------------------------- -------------------------------------
b) LEI code 213800HKRFK8PNUNV581
------------------------------- -------------------------------------
Details of the transaction(s): section to be repeated
4 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 Ordinary shares of EUR0.05 each
instrument, type of instrument
Identification code ISIN GB00BQQFX454
------------------------------- -------------------------------------
b) Nature of the transaction Grant of an option to replace
incentive pay forfeited by the
executive on leaving her previous
employment.
------------------------------- -------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
Nil 131,557
----------
------------------------------- -------------------------------------
d) Aggregated information
- Aggregated volume Not applicable - single transaction
- Price
------------------------------- -------------------------------------
e) Date of the transaction 27 July 2023
------------------------------- -------------------------------------
f) Place of the transaction Outside of a trading venue
------------------------------- -------------------------------------
Ends
For further information, please contact:
Accsys Technologies PLC
Katharine Rycroft, Head of Investor
Relations +44 (0) 7783 776080
======================================== ======================
Numis Securities (London)
Oliver Hardy (NOMAD), Ben Stoop +44 (0) 20 7260 1000
======================================== ======================
Investec Bank plc (London)
Carlton Nelson, Alex Wright +44 (0) 20 7597 5970
ABN Amro (Amsterdam)
Richard van Etten, Dennis van Helmond +31 20 344 2000
======================================== ======================
FTI Consulting (UK)
Matthew O'Keeffe, Alex Le May +44 (0) 20 3727 1340
======================================== ======================
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(TM) 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.
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