Business
Directors' Interests, Issue of Shares to Employees
Directors' Interests, Issue of Shares to Employees.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n \nRNS Number : 7309R Accsys Technologies PLC 30 June 2015 \n \n\n \n \nAIM: AXS\nNYSE Euronext Amsterdam: AXS\n30 June 2015\n \nACCSYS TECHNOLOGIES PLC(\"Accsys\" or \"the Company\")\n \nDirectors' Interests, Issue of Shares to Employees and\nTotal Voting Rights\n \nAccsys, the chemical technology group focused on the acetylation of wood, announces the issue of new ordinary shares of €0.05 each in the Company (\"Shares\") to Executive Directors and other employees in relation to various employee remuneration, incentivisation and share plan arrangements.\n \nUnder the terms of the Accsys Employee Share Participation Plan (the \"Plan\") and further to the Company's announcement of 12 August 2014, 27,825 Shares will be issued to various employees on a 'matched' basis at nominal value of €0.05 each. \n \nIn addition, following the release of the Company's Preliminary Announcement of Results for the year ended 31 March 2015, Accsys announces that, through the Plan, various employees have subscribed for a total of 63,909 Shares at an acquisition price of €0.97 per Share (being the closing price of shares in the Company on 29 June 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.\n \nAll Shares to be issued as referred to above in respect of the Employee Share Participation Plan will be issued on or about 14 August 2015, subject to receipt of subscription monies and pending admission of the Shares to AIM and Euronext (\"Admission\"). \n \nThe Company also announces that in connection with employee remuneration and incentivisation arrangements and in respect of the year ended 31 March 2015, following recommendation from the nomination and remuneration committee of the Company, the Board has resolved to issue Ordinary Shares to an Employee Benefit Trust, the beneficiaries of which include executive Directors. \n \nSuch Ordinary Shares shall vest if the employees, including the executive Directors, remain in employment with the Company to the vesting date, being 1 July 2016 (subject to certain other provisions including regulatory, good-leaver, take-over and committee discretio...