Business
20170620 - Directors Interest EBT LTIP
20170620 - Directors Interest EBT LTIP.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 6443I Accsys Technologies PLC 20 June 2017 \n\n \nAIM: AXS\nEuronext Amsterdam: AXS\n20 June 2017\n \nACCSYS TECHNOLOGIES PLC\n(\"Accsys\" or \"the Company\")\n \nDirectors' Interests, Issue of Shares to Employees, Long Term Incentive Plan (LTIP) Awards\n \nAccsys, the chemical technology group focused on the highly sustainable acetylation of wood, announces the issue of new ordinary shares of €0.05 each in the Company (\"Shares\"), and the grant of LTIP Awards, in each case to Executive Directors and other employees in relation to employee remuneration and incentivisation arrangements.\n \nIssue of Shares to Employee Benefit Trust\n \nIn respect of the year ended 31 March 2017, following recommendation from the nomination and remuneration committee of the Company, the Board has resolved to issue Shares to an Employee Benefit Trust. \n \nA total of 97,720 Shares will be issued to the Employee Benefit Trust. Such Shares shall vest if the employee remains in employment with the Company to the vesting date, being 1 July 2018 (subject to certain other provisions including regulatory, good-leaver, take-over and committee discretion provisions). \n \nThe Shares will be issued pending admission to AIM and Euronext (\"Admission\"), which is expected to take place on or about 23 June 2017 (the \"Issue Date\"). \n \nGrant of LTIP Awards \n \nAccsys further announces that under the Accsys Technologies PLC Long Term Incentive Plan, the Board has resolved to grant LTIP Awards to various senior employees, including Executive Directors, in accordance with the terms of the LTIP Plan Rules approved by the Company's shareholders in 2013. \n \nThe LTIP Awards, granted following recommendation from the nomination and remuneration committee of the Company and in accordance with the Company's Remuneration Policy (as approved by shareholders), are nil priced options over a total of 998,918 Shares. Of this total, LTIP Awards been granted to Executive Directors as set out below: \n \n &nb...