AXS Accsys Technologies Plc

RNS Number:6393W
Accsys Technologies PLC
15 May 2007


15th May 2007
                                    AIM: AXS

                    Result of Extraordinary General Meeting

On 28 March 2007, Accsys Technologies plc (the "Company") announced the terms of
its strategic partnership and supply agreement with Celanese Corporation. At the
same time, the Company also announced, inter alia, the proposed subscription by
Celanese for 8,115,883 new ordinary shares of Euro0.01 each in the Company at Euro2.72
per share (the "Subscription") conditional, inter alia, upon the approval of
shareholders of the Company at an Extraordinary General Meeting convened for the
purpose ("EGM").

The Company is pleased to announce that at the EGM held earlier today, the
special resolution put to shareholders to approve the Subscription was duly
passed.

Completion of the Subscription remains conditional, inter alia, upon the
admission of the 8,115,883 new ordinary shares (the "Subscription Shares") to
trading on AIM ("Admission"). It is expected that Admission will become
effective and that dealings in the Subscription Shares will commence at 8.00
a.m. on 21st May 2007. The Subscription Shares will rank pari passu in all
respects with the existing ordinary shares of Euro0.01 each in the Company.

ENDS

For further information, please contact:

Accsys Technologies PLC     William Paterson-Brown,        +44 (0) 20 8114 2510
www.accsysplc.com           Executive Chairman

Collins Stewart Limited     Tim Mickley / Michael O'Brien  +44 (0) 20 7523 8000

Parkgreen Communications    Justine Howarth / Clare Irvine +44 (0) 20 7851 7480


Notes to Editors

About Celanese

As a global leader in the chemicals industry, Celanese Corporation (NYSE: CE)
makes products essential to everyday living.  Our products, found in consumer
and industrial applications, are manufactured in North America, Europe and Asia.
Net sales totalled $6.7 billion in 2006, with approximately 60% generated
outside of North America. Known for operational excellence and execution of its
business strategies, Celanese delivers value to customers around the globe with
innovations and best-in-class technologies.  Based in Dallas, Texas, the company
employs approximately 8,900 employees worldwide. For further information about
Celanese, please visit www.celanese.com.

Titan Wood Limited (www.titanwood.com) is wholly owned subsidiary of the Accsys
Technologies PLC (www.accsysplc.com) group of companies. Accsys Technologies PLC
is listed on the London Stock Exchange AIM market under the symbol 'AXS'.

Wood Acetylation is a process, which increases the amount of 'acetyl' molecules
in wood, thereby changing its physical properties. The process protects wood
from rot by making it "inedible" to most micro-organisms and insects, 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.

Accoya(TM) wood (www.accoya.info) is produced using a patented process that
effectively converts sustainably grown softwoods and non-durable hardwoods into
what is best described as a 'new wood species'. Distinguished by its durability,
dimensional stability and, perhaps most importantly of all, its reliability (in
terms of consistency of both supply and quality), Accoya(TM) wood is 
particularly suited to exterior applications where performance and appearance 
are valued. Unlike most tropical and European hardwoods, its colour does not 
degrade when exposed to ultraviolet light. Moreover, the Accoya(TM) wood 
production process does not compromise the wood's strength or machinability. The 
combination of UV resistance, dimensional stability, durability and retained 
strength means that Accoya(TM) wood offers a wealth of new opportunities to 
architects, designers and specifiers. For marine uses where weight is also 
important, Accoya(TM) wood for the first time provides boat builders with a wood 
that is strong, lightweight, durable and which retains its natural beauty for 
far longer.

ACCOYA(TM) is a registered trademark owned by Titan Wood Limited.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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