01/22/2016 | 07:36am US/Eastern
DRAFT ANNOUNCEMENT FOR MONDAY 29TH NOVEMBER 2010 Regulatory Announcement
Company
Accsys Technologies PLC
TIDM
AXS
Headline
Employee Share Plan
Released
22 January 2016
Number
7456M
22 January 2016 AIM: AXS NYSE Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC
("Accsys" or "the Company")
Employee Share Plan
Accsys, the chemical technology group focused on the acetylation of wood, announces the issue of a total of 70,224 new ordinary shares of €0.05 each in the Company ("Shares") for the benefit of employees under the terms of the Accsys Employee Share Participation Plan (the "Plan"). These Shares are being issued as follows:
Further to the Company's announcement of 13 January 2015, 53,922 Shares will be issued to various employees on a 'matched' basis at nominal value of €0.05 each.
In addition, following the release of the Company's Interim Results for the six months ended 30 September 2015, through the Plan, various employees have subscribed for a total of 16,302 Shares at an acquisition price of €0.92 per Share (being the closing price of shares in the Company on 11 December 2015 on Euronext Amsterdam, the closing date for subscriptions of Shares under the Plan). These Shares will be issued to the trust constituted under the Plan and released to employees one year hence subject to and in accordance with Plan rules.
All Shares to be issued as referred to above in respect of the Plan will be issued on or about 26 January 2016, subject to receipt of subscription monies and pending admission of the Shares to AIM and Euronext ("Admission").
Following the issue of all the above Ordinary Shares, the Company will have a total of 89,890,019 Shares in issue.
For further information, please contact: Ends