13:59 Wed 15 Jul 2020
Accsys Technologies - Director Interests and LTIP Awards
AIM: AXS
Euronext Amsterdam: AXS
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Director Interests and Long Term Incentive Plan (LTIP) Awards
The LTIP Awards, granted in accordance with the Company's Remuneration Policy (as approved by shareholders), are nil priced options over a total of 1,326,966 shares. Of this total, 309,333 LTIP Awards have been granted to
The LTIP 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 financial and non-financial performance conditions. Under the LTIP Plan Rules, a two year holding period applies post vesting.
1) |
Details of the person discharging managerial responsibility |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Chief Executive Officer |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800HKRFK8PNUNV581 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of ISIN GB00BQQFX454
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b) |
Nature of the transaction |
Grant of LTIP Options over Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside of a trading venue |
1) |
Details of the person discharging managerial responsibility |
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a) |
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2 |
Reason for the notification |
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a) |
Position/status |
Finance Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
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b) |
LEI |
213800HKRFK8PNUNV581 |
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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 |
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a) |
Description of the financial instrument, type of instrument Identification code |
Ordinary shares of ISIN GB00BQQFX454
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b) |
Nature of the transaction |
Grant of LTIP Options over Ordinary Shares |
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c) |
Price(s) and volume(s) |
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d) |
Aggregated information - Aggregated volume - Price |
Not applicable - single transaction |
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e) |
Date of the transaction |
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f) |
Place of the transaction |
Outside of a trading venue |
ENDS
For further information, please contact:
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via FTI Consulting |
Joint Broker |
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+44 (0) 20 7260 1000
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+44 (0) 20 7597 5970 |
FTI Consulting |
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+44 (0) 20 3727 1340
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Off the Grid ( |
Frank Neervoort Yvonne Derkse
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+31 681 734 236 +31 622 37 96 66 |
Notes to editors:
The company's primary focus is on the production of Accoya® wood and Tricoya® wood elements, as well as technology licensing via its subsidiaries
Any references in this announcement to agreements with
More information about
Accoya® wood is a sustainable, durable and stable solid wood product with exceptional performance, finish and sustainability.
With an up to 50 year warranty and 70+ year service life, the combination of sustainability, dimensional stability, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers, specifiers, manufacturers and homeowners. These benefits result in lower maintenance and total cost of ownership while also offering significant sustainability benefits. For more information about Accoya® wood, visit www.accoya.com.
Panel products made with Tricoya® wood elements are truly durable and stable enough for use outdoors and in wet environments. Combining the sustainability, durability and stability from our acetylation process with the ease of use and quality finish of wood panel products, the enhanced durability and dimensional stability opens new opportunities for the use of these products, making them suitable in applications and environments that previously required solid wood, synthetic or unsustainable materials.
Tricoya® wood elements have been lauded as the first major innovation in the wood composites industry in more than 30 years. For more information about Tricoya® wood elements, visit www.tricoya.com.
In
Wood acetylation is a process which increases the naturally occurring acetyl content of wood, thereby changing its physical properties. When carried out to a sufficient degree throughout the wood, as with
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