Accsys Technologies PLC Directorate Change

Accsys announces today that its Chairman, Stephen Odell, has informed the Company of his intention not to seek re-election at the Company’s forthcoming AGM on 20 September 2023 due to personal reasons.

Trudy Schoolenberg, the Company’s Senior Independent Director will assume the role of Interim Chair at the conclusion of the AGM.

In-line with best practice the Board will keep its composition under review and will consult with shareholders as appropriate. This process will include the appointment of a permanent Chair.

As the Company’s AGM Notice has already been issued, the Company confirms that the resolution to re-elect Stephen Odell as a director of the Company (Resolution 3) is now withdrawn.

The withdrawal of Resolution 3 does not otherwise affect the validity of the Notice of Meeting, the AGM proxy form or any proxy votes already submitted on other proposed resolutions. The numbering of all other proposed resolutions at the AGM will remain unchanged.

Stephen Odell, Chairman of Accsys, commented: “It has been a privilege to be Chair of Accsys over the last three years. I believe the Company’s innovative and sustainable Accoya and Tricoya products have tremendous potential. I would like to thank the Board and the senior leadership team, together with all of Accsys’ committed colleagues, for their hard work and support during my time at the Company. I wish them and Accsys every success.”

Commenting on today’s announcement, Trudy Schoolenberg, Senior Independent Director of Accsys, said: “On behalf of the Board and management team, I would like to thank Stephen for his dedicated service to the Company and his outstanding leadership of the Board over the last three years. During his tenure the Company has made significant progress with its strategy, navigating the challenges of Covid-19, completing the successful construction of additional reactors in Arnhem and establishing the foundations and momentum for our US expansion. Stephen’s leadership of the Board will be greatly missed by all of us at Accsys and we wish him the very best for the future.”

Commenting on today’s announcement, Jelena Arsic van Os, Chief Executive Officer, said: “I am very grateful to have had the opportunity to experience Stephen’s leadership and professionalism. He will be missed. I also want to express my confidence in Accsys’ bright future under the new leadership team. We will continue pushing boundaries with our leading technology and innovative and sustainable Accoya and Tricoya product, which has significant global growth potential. I have been very impressed with the Accsys team and everyone’s commitment to delivering on our promise of changing wood to change the world.”

About Accsys Technologies

Accsys (Accsys Technologies PLC) is a fast-growing business with a purpose: changing wood to change the world. The company combines chemistry, technology and ingenuity to make Accoya® wood and Tricoya® wood elements: high performance wood products that are extremely durable and stable, opening new opportunities for the built environment and giving the world a choice to build sustainably. Accsys transforms fast-growing, certified sustainable wood into building materials with an up to 50-year warranty, locking carbon stored in the wood into useful products for decades, with performance characteristics that match or better those of non-renewable, resource-depleting and polluting alternatives. Accsys is listed on the London Stock Exchange AIM market and on Euronext Amsterdam, under the symbols ‘AXS’. Visit www.accsysplc.com

Contact:

Katharine Rycroft – Head of Investor Relations – 44 (0) 7783 776080

Source: Accsys Technologies PLC