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ACCSYS TECHNOLOGIES PLC Major Shareholding Notification 2011

Feb 25, 2011

7461_iss_2011-02-25_3ae1ec05-89d9-40eb-88c8-8c8ad870be7f.pdf

Major Shareholding Notification

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Regulatory Announcement

Company Accsys Technologies PLC TIDM AXS Headline Notifiable Interest Released 25 February 2011 Number

AIM: AXS NYSE Euronext Amsterdam: AXS

25 February 2011

ACCSYS TECHNOLOGIES PLC

("Accsys" or "the Company")

Notifiable Interest

The Company announces that it received the following notification on 25 February 2011:

TR-1i : NOTIFICATION OF MAJOR INTERESTS IN SHARES

1. Identity of the issuer or the underlying issuer of
existing shares to which voting rights are
attachedii:
Accsys Technologies Plc
2. Reason for the notification
(please tick the appropriate box or boxes)
An acquisition or disposal of voting rights
An acquisition or disposal of financial instruments which may result in the
acquisition of shares already issued to which voting rights are attached
An event changing the breakdown of voting rights
Other (please specify): Disclosure under DTA transitional rule [FSA Policy Statement
06/11 para 3.39]
3. Full name of person(s) subject to the
notification obligationiii:
Royal Bank of Canada
4. Full name of shareholder(s) (if different from 3.)iv: Roy Nominees Limited
5. Date of the transaction (and date on which the
threshold is crossed or reached if different)v
:
18th February 2011
6. Date on which issuer notified: 24th February 2011
7. Threshold(s) that is/are crossed or reached: 5 %

8. Notified details:

A: Voting rights attached to shares
Class/type of
Situation previous to
shares
the Triggering
transaction vi
if possible using the
vii
Resulting situation after the triggering transaction
ISIN CODE Number of
Shares
Number
of Voting
of
Rights viii
Number
shares
Number of voting
rights ix
% of voting rights
Direct Direct
x
Indirect xi Direct Indirect
Ordinary EUR
0.01 shares
Isin
GB00B0LMC530
11,555,855 23,111,709 5%
B: Financial Instruments
Resulting situation after the triggering transaction xii
Type of financial
instrument
Expiration
date xiii
Exercise/ Conversion
Period/ Date xiv
Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted.
% of voting
rights
Total (A+B)
Number of voting rights % of voting rights
23,111,709 5%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable xv:

The shares are registered in the name Roy Nominees which acts as the nominee holding company for RBC Trustees (CI) Limited whose ultimate parent is Royal Bank of Canada

Due to the change in the issued share capital from 200,602,528 shares to 403,102,528, Royal Bank of Cananda's reportable position has been reduced and crossed a reportable thresehold.

Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease
to hold:
12. Date on which proxy holder will cease to hold
voting rights:
13. Additional information: This disclosure incorporates the position previouly
disclosed by OakFoundation USA INC./Oak Holdings
Limited.
14. Contact name: Scott Roberts
15. Contact telephone number: (01534) 602971

Ends

For further information, please contact:

Accsys Technologies PLC Paul Clegg, CEO
Hans Pauli, CFO
via Citigate Dewe
Rogerson
Matrix Corporate Capital LLP Stephen Mischler
Nick Stone
Edmund Glover
+44 20 3206 7000
Numis Securities Limited Christopher Wilkinson
Ben Stoop
+44 20 7260 1347
+44 20 7260 1410
Citigate Dewe Rogerson Ginny Pulbrook
Malcolm Robertson
Suzanne Bakker
+44 20 7282 2945
+44 20 7282 2867
+31 20 575 4023

Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is an environmental science and technology company whose primary focus is on the production of Accoya® wood and technology licensing via its 100% owned subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands, a European office in London and an Americas office in Dallas, Texas. Accsys Technologies' operations comprise three principal business units: (i) the Accoya® wood production facility located in Arnhem, The Netherlands; (ii) technology development, focused on a programme of continuous improvements to the process engineering and operating protocols for the acetylation of wood which are currently under development and the development of technology for the acetylation of wood fibre; and (iii) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.

Accoya® Wood (www.accoya.info) is produced by using a proprietary, non-toxic process that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood" via acetylation. Distinguished by its durability, dimensional stability and, perhaps most importantly of all, its reliability (in terms of consistency of both supply and quality), Accoya® wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most woods, its colour does not degrade when exposed to sunlight. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, increased coatings life, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. Leading applications include external doors and windows, shutters/shading, siding and cladding, decking, outdoor furniture/equipment and glulam beams for structural use.

Tricoya® Wood Elements (www.tricoya.com) is Accsys Technologies' proprietary technology for the acetylation of wood fibres, chips, and particles for use in the fabrication of wood based composites, including panel products. These composites demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications which were once limited to solid wood or man-made products. Tricoya® Wood Elements is lauded as the first major innovation in the wood composites industry in more than 30 years.

Wood Acetylation is a process, which increases the amount of 'acetyl' molecules in wood, thereby changing its physical properties. The environmentally responsible process protects wood from rot by making it "inedible" to most micro-organisms and insects, without - unlike conventional treatments making it toxic. It also greatly reduces the wood's tendency to swell and shrink, making it less prone to cracking and ensuring that, when painted, it requires dramatically reduced maintenance. Acetylated wood's increased durability offers major carbon sequestration advantages, compared to other woods and man-made building materials such as steel, vinyl, and plastic.

Wood Composites include a range of derivative wood products which are manufactured by binding together the strands, particles, fibres, or veneers of wood together with adhesives to form composite materials. These products are engineered to precise design specifications which are tested to meet national or international standards.

Accsys Technologies is the trading name of Titan Wood Limited. ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited and may not be used or reproduced without written permission.