Accsys Technologies : 24/12/2019 - Notifiable Interest - Janus Henderson Group

Company	Accsys Technologies PLC
TIDM	AXS
Headline	Notifiable Interest
Released	24 December 2019
Number	0343Y

		24 December 2019			AIM: AXS
					Euronext Amsterdam: AXS
		ACCSYS TECHNOLOGIES PLC
		("Accsys" or "the Company")
		Notifiable Interest
		TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi
	1a. Identity of the issuer or the underlying issuer of			Accsys Technologies plc
	existing shares to which voting rights are attachedii:
	1b. Please indicate if the issuer is a non-UK issuer	(please mark with an "X" if appropriate)
	Non-UK issuer

2. Reason for the notification (please mark the appropriate box or boxes with an "X")

An acquisition or disposal of voting rights		X
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify)iii:
3. Details of person subject to the notification obligationiv
Name	Janus Henderson Group plc (previously Henderson
Group plc)
City and country of registered office (if applicable)	London, UK
4. Full name of shareholder(s) (if different from 3.)v
Name
City and country of registered office (if applicable)
5. Date on which the threshold was crossed or	23/12/2019
reachedvi:
6. Date on which issuer notified (DD/MM/YYYY):	24/12/2019

7. Total positions of person(s) subject to the notification obligation

	% of voting rights	% of voting rights		Total number of
	through financial	Total of both in %
	attached to shares	voting rights of
	instruments	(8.A + 8.B)
	(total of 8. A)	issuervii
	(total of 8.B 1 + 8.B 2)
Resulting situation
on the date on which	Below 5%	-	Below 5%	162,083,543
threshold was
crossed or reached
Position of previous
notification (if	5.94%	-	5.94%
applicable)

8. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii

A: Voting rights attached to shares

Class/type of	Number of voting rightsix	% of voting rights
shares
ISIN code (if possible)	Direct	Indirect	Direct	Indirect
(Art 9 of Directive	(Art 10 of Directive	(Art 9 of Directive	(Art 10 of Directive
	2004/109/EC)	2004/109/EC)	2004/109/EC) (DTR5.1)	2004/109/EC)
	(DTR5.1)	(DTR5.2.1)		(DTR5.2.1)
GB00BQQFX454		Below 5%		Below 5%
SUBTOTAL 8. A	Below 5%	Below 5%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a))

			Number of voting rights
Type of financial	Expiration	Exercise/	that may be acquired if	% of voting rights
instrument	datex	Conversion Periodxi	the instrument is
			exercised/converted.

SUBTOTAL 8. B 1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b))

Type of financial	Expiration	Exercise/	Physical or	Number of
Conversion	cash	% of voting rights
instrument	datex	voting rights
Period xi	settlementxii

SUBTOTAL 8.B.2

9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X")

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuerxiii

Fullchain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxivX (please add additional rows as necessary)

		% of voting rights
	% of voting rights if it	through financial	Total of both if it equals
Namexv	equals or is higher than	instruments if it equals	or is higher than the
	the notifiable threshold	or is higher than the	notifiable threshold
		notifiable threshold

Janus Henderson Group plc, Henderson Group Holdings Asset Management Limited, HGI Asset Management Group Limited, Henderson Global Group Limited, Henderson Holdings Group Limited, HGI Group Limited, Henderson Global Investors (Holdings) Limited, Henderson Global Investors Limited.

10. In case of proxy voting, please identify:

Name of the proxy holder

The number and % of voting rights held

The date until which the voting rights will be held

11. Additional informationxvi

Place of completion 201 Bishopsgate, London EC2M 3AE

Date of completion

24/12/2019

For further information, please contact:

Accsys Technologies PLC Robert Harris, CEO (incoming) via FTI Consulting Paul Clegg, CEO (outgoing)

William Rudge, FD

Numis Securities Limited -

Nominated Adviser and

Joint Broker

Investec Bank plc - Joint Broker

FTI Consulting

Off the Grid (The

Netherlands)

Oliver Hardy (NOMAD)	+44	(0) 20 7260 1000
Christopher Wilkinson
Ben Stoop
Oliver Cox
Carlton Nelson	+44	(0) 20 7597 5970
James Rudd
Alex Wright
Matthew O'Keeffe	+44	(0) 20 3727 1340
Alex Le May
Frank Neervoort	+31	681 734 236
Giedo Van Der Zwan	+31	624 212 238

Notes to editors:

Accsys Technologies PLC (www.accsysplc.com) is a fast-growing and eco-friendly company that combines chemistry and technology to create high performance, sustainable wood building products. Accsys' primary focus is on the production of Accoya® wood and Tricoya® wood elements, technology licensing via its subsidiary, Titan Wood Limited, which has manufacturing operations in Arnhem, the Netherlands (through its subsidiary Titan Wood B.V.), a European office in London, United Kingdom, an American office in Dallas, Texas (via its subsidiary Titan Wood, Inc.) and technology licensing associated with the acetylation of wood elements via its subsidiary Tricoya Technologies Limited. Any references in this announcement to agreements with Accsys shall mean agreements with either Accsys or its subsidiary entities unless otherwise specified. Accsys Technologies PLC is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols 'AXS'. Accsys' operations comprise four principal business units: (i) Accoya® wood production; (ii) building and operating of Tricoya® wood chip acetylation plant in Hull; (iii) technology development, focused on a programme of continuous development of and improvements to the process engineering and operating protocols for the acetylation of solid wood and the development of technology for the acetylation of wood elements; and (iv) the licensing of technology for the production of Accoya® wood and Tricoya® wood elements across the globe.

Tricoya® Consortium In March 2017, Accsys announced the formation of the Tricoya® Consortium to fund, build and operate the Tricoya® plant in Hull, UK. Members of the consortium include BP and the leading manufacturer of sustainable wood-based panels, MEDITE Europe DAC. Tricoya Ventures UK Ltd (TVUK), a subsidiary of Accsys, owns and will operate the Tricoya® plant. TTL exploits all Tricoya® related intellectual property and benefits from any Tricoya® related revenues other than those generated by the Tricoya® plant. The Tricoya® plant has a targeted annual production capacity of 30,000 metric tonnes of Tricoya® chips per annum, enough to produce approximately 40,000m3 of Tricoya® panel products per annum. The Tricoya® plant is expected to reach EBITDA breakeven at approximately 40% design capacity and to take approximately three years to reach full capacity following start-up. The location of the Tricoya® plant at Saltend Chemicals Park in Hull allows for expansion when market conditions dictate.

Accoya® Wood (www.accoya.com) is produced using Accsys' proprietary patented acetylation technology that effectively converts sustainably grown softwoods and non-durable hardwoods into what is best described as a "high technology wood". 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. Moreover, the Accoya® wood production process does not compromise the wood's strength or machinability. The combination of dimensional stability, durability and retained strength means that Accoya® wood offers a wealth of new opportunities to architects, designers and specifiers. These benefits result in lower maintenance and total cost of ownership while using a higher sustainable and environmental responsible building material. For a full archive of Accoya® news, visit www.accoya.com/news.

Tricoya® Wood Elements (www.tricoya.com) are produced using Accsys' proprietary technology for the acetylation of wood chips and particles for use in the fabrication of panel products such as medium density fibreboard and particle- board. These products demonstrate enhanced durability and dimensional stability which allow them to be used in a variety of applications that were once limited to solid wood or man-made products. Exploitation of Accsys' proprietary technology relating to Tricoya® Wood Elements is carried out through Tricoya Technologies Limited. Tricoya® Wood Elements are 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. When carried out to a sufficient level throughout the wood, this process protects wood from rot by making it "inedible" to most micro-organisms and fungi, 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.

'Accsys' and 'Accsys Technologies' are trading names of Titan Wood Limited. Accsys, ACCOYA®, TRICOYA® and the Trimarque Device are registered trademarks owned by Titan Wood Limited ("TWL"), a wholly owned subsidiary of Accsys Technologies PLC, and may not be used or reproduced without written permission from TWL, or in the case of the Tricoya® registered trademark, from Tricoya Technologies Limited, a subsidiary of TWL with exclusive rights to exploit the Tricoya® brand.