Accsys CEO Jelena Arsic van Os Sells 13,227 Shares at 73p to Settle Tax After Deferred Bonus Plan Vesting

Accsys Technologies’ Role in the Global Wood Construction Industry

Accsys Technologies PLC is a pioneering building materials firm revolutionizing the global wood construction market with proprietary high-performance wood product technology. Operating manufacturing facilities across Europe and North America, the company distributes products in over 25 countries. Accsys leads the expanding wood construction sector by converting certified sustainable wood into durable, eco-friendly building materials backed by warranties up to 50 years. Listed on both the London Stock Exchange AIM and Euronext Amsterdam under the ticker 'AXS', Accsys offers investors access to two major European markets.

The company’s core strategy involves transforming fast-growing, certified sustainable timber into premium building materials using proprietary technology and manufacturing processes. Accsys’s mission, "changing wood to change the world," highlights its dedication to blending natural wood qualities with enhanced performance. As a participant in the United Nations Global Compact, Accsys adheres to responsible business principles, enabling it to capture market share within the environmentally conscious construction materials segment where demand for sustainable alternatives is rising among builders and architects.

Accoya and Tricoya: Key Drivers of Accsys Revenue

Accsys’s revenue centers on two flagship products: Accoya and Tricoya, both created through proprietary acetylation technology. Accoya is recognized globally as a leading high-performance wood product, offering superior durability and stability through the company’s acetylation process. It holds Cradle to Cradle Certified Gold status for circular economy benefits and comes with an industry-leading warranty of up to 50 years. Accoya’s combination of natural wood aesthetics and exceptional performance makes it ideal for windows, doors, cladding, and decking, outperforming traditional hardwoods and synthetic alternatives.

Tricoya, made from acetylated wood chips, represents Accsys’s next-generation panel product. It redefines the panel market by delivering panels that reliably perform outdoors and in wet environments. Industry experts consider Tricoya panels the most significant advancement in wood composites in over three decades, combining traditional wood strength with unmatched durability and eco-friendliness, also backed by warranties up to 50 years. Together, these product lines enable Accsys to serve diverse construction market segments, offering architects, builders, and contractors sustainable, high-performance alternatives to conventional materials.

Details of CEO Jelena Arsic van Os’s Share Transaction

On 18 July 2026, Accsys CEO Jelena Arsic van Os had 28,120 ordinary shares of €0.05 each vest under the company’s Deferred Bonus Plan. This vesting was part of a broader award granted to senior employees announced on 19 July 2024. The shares vested were held by the company’s Employee Benefit Trust, which manages employee share incentive awards. This deferred bonus structure aligns senior management interests with long-term shareholder value creation.

Following vesting, Arsic van Os sold 13,227 shares at 73.0 pence per share on 20 July 2026 to cover personal tax and social security liabilities arising from the award. She retained 14,893 shares to comply with the CEO’s mandatory shareholding requirements, a governance practice common among AIM-listed companies to ensure executives maintain significant ownership stakes aligned with shareholder interests.

Post-Sale Shareholding and Governance Impact

After this transaction, Jelena Arsic van Os holds 536,223 ordinary shares, approximately 0.22% of Accsys’s issued share capital. This substantial shareholding reflects ongoing alignment between management and shareholders despite the partial sale to meet tax obligations. The CEO’s material stake underscores her confidence in Accsys’s strategic direction and long-term value creation.

The Deferred Bonus Plan vesting combined with the subsequent partial sale to settle tax liabilities follows established executive compensation practices for AIM-listed firms. The transaction was disclosed via a Regulation 15 notification, fulfilling requirements for persons discharging managerial responsibilities (PDMRs) to ensure transparency and market integrity. Details such as the 73.0 pence per share price and 20 July 2026 transaction date provide investors with clear information on executive dealings.

Structure of the Deferred Bonus Plan and Executive Incentives

Accsys’s Deferred Bonus Plan forms a key part of its executive compensation framework, designed to align senior management incentives with shareholder interests over the long term. The share awards granted on 19 July 2024 to senior employees, including the CEO, convert performance-based bonuses into equity stakes vesting over multiple years. This deferral approach ensures executives maintain exposure to Accsys’s share price performance, promoting sustained business success rather than short-term gains.

The 28,120 shares vested to the CEO represent awards granted approximately two years earlier, consistent with UK market practices where deferral periods typically range from one to three years. The use of an Employee Benefit Trust to hold and deliver vested shares enhances administrative efficiency and avoids dilution by utilizing existing shares rather than issuing new ones.

Settlement of Tax and Social Security Liabilities Through Share Sale

Jelena Arsic van Os’s sale of 13,227 shares at 73.0 pence per share to cover tax and social security liabilities is a standard practice among executives receiving equity-based compensation. In jurisdictions where Accsys operates, vesting of restricted shares or deferred bonuses triggers income tax and social security charges based on the market value at vesting, payable by the individual regardless of subsequent share sales.

By selling a portion of vested shares immediately after vesting, executives avoid using personal funds to settle tax obligations. The transaction occurred on 20 July 2026, two days after vesting on 18 July 2026, aligning with typical timelines for such tax settlement sales. The disclosed sale price reflects the prevailing market value at the time, complying with regulatory transparency and governance standards.

Regulatory Disclosure and Market Transparency

Accsys’s announcement of the CEO’s share transaction complies with regulatory requirements for PDMRs at publicly listed companies. The Regulation 15 notification mandates disclosure of securities transactions by directors and senior executives to prevent insider dealing and maintain investor confidence. The detailed disclosure includes the number of shares sold, sale price, transaction date, and resulting shareholding, enabling investors to evaluate management’s ownership and potential conflicts of interest.

The announcement identifies Jelena Arsic van Os as CEO and confirms this as the initial notification of the transaction. The provided Legal Entity Identifier (LEI) 213800HKRFK8PNUNV581 facilitates cross-referencing across trading venues and regulatory databases. Accsys’s dual listing on the London AIM and Euronext Amsterdam markets entails disclosure obligations on both exchanges. The transaction occurred "outside of a trading venue," indicating a private sale rather than an open market transaction, relevant for assessing market impact and pricing.

CEO’s Shareholding Retention and Governance Commitment

By retaining 14,893 vested shares, Jelena Arsic van Os demonstrates commitment to maintaining significant personal shareholding in Accsys. These retained shares fulfill the company’s mandatory shareholding requirements for its CEO, reflecting governance best practices aimed at aligning executive and shareholder interests. Retaining a meaningful portion of vested shares ensures ongoing exposure to Accsys’s share price fluctuations.

Following the transaction, the CEO’s total beneficial holding of 536,223 shares, approximately 0.22% of issued capital, remains a material stake within the company. While modest in percentage terms, this reflects typical ownership structures in AIM-listed companies with widely distributed institutional and public shareholders. The disclosure enables investors to assess management’s alignment with shareholder value creation and the appropriateness of the CEO’s shareholding relative to her role.

Accsys’s Manufacturing and Distribution Footprint in Europe and North America

Accsys operates manufacturing facilities and distribution networks across Europe and North America, supporting its position in the growing global wood construction market. With product distribution in more than 25 countries, the company benefits from geographic diversification that mitigates concentration risk and captures growth opportunities across developed markets. European operations leverage access to certified sustainable wood and proximity to key construction markets, while North American facilities serve an increasingly sustainability-focused building sector.

The company’s dual listing on the London AIM and Euronext Amsterdam exchanges reflects its significant shareholder base and operational presence in both the UK and the Netherlands. The Amsterdam listing offers access to Dutch and wider European institutional investors, while the AIM listing attracts UK and international capital. Accsys maintains dedicated advisers and brokers for each market—Panmure Liberum in London and ABN Amro in Amsterdam—supporting compliance and investor relations across both listings. This dual-market structure broadens investor reach and enhances visibility among sustainability-focused European capital providers.