AXS Accsys Technologies Plc

RNS Number:2299D
Accsys Technologies PLC
04 September 2007


4th September 2007                                                     AIM: AXS


            ACCSYS LAUNCHES OFFERING AND EURONEXT AMSTERDAM LISTING

Accsys Technologies PLC (''Accsys'') announces the proposed listing of its
ordinary shares on Euronext Amsterdam by NYSE Euronext and a public offering in
The Netherlands and private placement to certain institutional investors outside
The Netherlands of ordinary shares (the ''Offering''), following its earlier
announcements on 20th August 2007 and 28th June 2007. The Offering consists of
up to 5 million new ordinary shares offered by Accsys and up to 10 million
existing ordinary shares offered by certain existing shareholders (the ''
Shares''). Accsys has applied for all ordinary shares to be listed and admitted
to trading on Euronext Amsterdam by NYSE Euronext (the ''Euronext Listing'')
under the symbol 'AXS'. Accsys will also apply for admission of the new ordinary
shares being issued pursuant to the Offering to trading on AIM.

Offering information

  * The Offering, in respect of which Fortis Bank (Nederland) N.V. ("Fortis")
    is the lead manager and sole bookrunner) includes an offering of up to 5
    million new ordinary shares offered by Accsys and up to 10 million existing
    ordinary shares offered by certain existing shareholders, potentially
    complemented with an over-allotment granted by Accsys to Fortis in respect
    of new ordinary shares up to a maximum amount of 15% of the number of Shares
    offered, subject to the consent of Accsys.
  * The offer price and the actual number of Shares offered in the Offering
    will be determined on the basis of a bookbuilding process taking into
    account, inter alia, the share price of Accsys' ordinary shares as quoted on
    AIM prior to the pricing date and a qualitative assessment of demand for the
    Shares.
  * The subscription period will commence on 4th September 2007 and will end
    on 17th September 2007.
  * Pricing is expected to take place subsequent to the subscription period,
    prior to the listing of all of Accsys' ordinary shares on Euronext Amsterdam
    by NYSE Euronext.
  * The Euronext Listing is expected to take place on or about 18 September
    2007.
  * Application will also be made for the new ordinary shares being issued
    pursuant to the Offering to be admitted to trading on AIM.
  * A prospectus has been prepared by Accsys in connection with the Offering
    and the Euronext Listing and contains updated information on the Accsys and
    its subsidiaries (the "Group") and their respective businesses (including an
    updated profit forecast for the Group for the financial year ending 31 March
    2008).
  * The prospectus has been approved by the UKLA and will be made available
    through advertisements in the Daily Official List (Officiele Prijscourant)
    and in a Dutch national newspaper (Het Financieele Dagblad). Hard copies of
    this prospectus and any subsequent supplement to this prospectus, may be
    obtained at no cost at either of the following addresses:
      * Accsys (66 Hammersmith Road, London W14 8UD, United Kingdom).
      * Fortis (Rokin 55, 1012 KK Amsterdam, tel: +31 20 527 2467, email:
        prospectus@nl.fortis.com).

Alternatively, the prospectus may be obtained in electronic form through the
website of Accsys at www.accsysplc.com/investor_governance or (in the case of
Dutch residents only) through the website of NYSE Euronext at www.euronext.com .

  * Accsys intends to allocate the majority of the net proceeds from the issue
    of new ordinary shares as follows:
      * to double the capacity of the Arnhem manufacturing facilities;
      * to increase warehousing, storage and office facilities in Arnhem;
      * to create post acetylation finishing capability, including
        finger-jointing and lamination;
      * to advance the wood fibre technology for panel products to a
        commercial scale;
      * to increase licensing activity and support, increasing staffing
        levels;
      * to increase brand and product marketing and exploring additional
        product applications;
      * to maximise the potential of AccoyaTM by exploring and developing
        additional product applications including, for example, civil and
        structural uses; and
      * to allow for strategic investments where appropriate.

Accsys however, will retain broad discretion over the allocation of the net
proceeds

  * The distribution of the prospectus, and the offer and sale of the Shares
    may be restricted by law in certain jurisdictions. Persons in possession of
    the prospectus are required to inform themselves about and to observe any
    such restrictions. Each prospective investor should consult his or her own
    professional advisor(s) before deciding to make any investment decision
    concerning the Shares and in order to determine whether or not such
    prospective investor is lawfully permitted to purchase the ordinary Shares.
    Prospective investors have to base their opinion on the prospectus.

Willy Paterson-Brown, CEO Accsys commented: 'The listing on Euronext Amsterdam
and the Offering are very important steps for Accsys for a number of reasons. We
anticipate that shareholder value may be improved by listing on a regulated
market; liquidity in the shares may be improved by additional market coverage;
various potential investors will now be able to take a position due to the
senior market nature of NYSE Euronext; and with the operations of Accsys being
in The Netherlands, there is a strong Dutch focus to the business. we are
looking forward to being listed on Euronext Amsterdam by NYSE Euronext and
excited about taking the Company to its next stage of development'.

Fortis has been appointed Sole Lead Manager and Bookrunner for the Offering.

For further information, please contact:


Accsys Technologies PLC                  William Paterson-Brown,               +44 (0) 20 8144 2510
                                         Chairman & CEO

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

Citigate First Financial B.V             Jose Tijssen                          +31 (0)20 575 4024
                                         Frank Jansen

Information on the Accsys Group of Companies:

Accsys Technologies PLC (www.accsysplc.com) - is an environmental science and
technology company whose primary focus is on the production and licensing of
AccoyaTM via its 100% owned subsidiary, Titan Wood (www.titanwood.com), with
manufacturing operations based in Arnhem, The Netherlands.  AccoyaTM,
manufactured through the Company's proprietary acetylation process, exhibits
superior dimensional stability and durability compared with other natural and
treated timber.  Accsys is also developing technology to modify wood fibre to
enable future production of a range of panel products.

Accsys' operations comprise three principal business units: (i) the AccoyaTM
production facility located in Arnhem, The Netherlands; (ii) technology
development focused on a programme of continuous improvements to the process
engineering and operating protocols for the acetylation of wood which are
currently under development as well as the development of technology for the
acetylation of wood fibre; and (iii) the licensing of technology for the
production of AccoyaTM across the globe.

Accsys' ordinary shares are traded on the London Stock Exchange AIM market under
the symbol 'AXS'. As of the closing price of Accsys shares on AIM on 3 September
2007, the Company has a market capitalisation of EUR 625m. Please be referred to
Accsys' website at www.accsysplc.com for the company's latest financial report.

AccoyaTM wood (www.accoya.info) is produced using acetylation processes which
are broadly based on patented technology and supported by complex operational
know-how, 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, its
reliability (in terms of consistency of both supply and quality), AccoyaTM 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 AccoyaTM 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 AccoyaTM wood offers a wealth of new opportunities to
architects, designers and specifiers. For marine uses where weight is also
important, AccoyaTM wood for the first time provides boat builders with a wood
that is strong and durable, which retains its natural beauty for far longer,
without a dramatic weight increase.

ACCOYA is a registered trademark owned by Titan Wood Limited

Other information:

Not for release, distribution or publication into or in the United States,
Australia, Canada or Japan.

This announcement is not an offer to sell or a solicitation of any offer to buy
the securities of Accsys Technologies PLC (the "Company", and such securities,
the "Securities") in the United States or in any other jurisdiction.

The Securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act") and may not be offered
or sold in the United States unless registered under the Securities Act or an
exemption from such registration is available. No public offering of Securities
of the Company is being made in the United States.

This announcement does not constitute a prospectus. The offer to acquire
Securities pursuant to the proposed offering will be made, and any investor
should make his investment, solely on the basis of information that will be
contained in the prospectus to be made generally available in The Netherlands in
connection with such offering. When made generally available, copies of the
prospectus may be obtained at no cost through the website of Euronext Amsterdam
(Dutch residents only) and the website of the Company.

All investment is subject to risk. The value of the Securities offered may go
down as well as up. Past performance is no guarantee of future returns.
Potential investors are advised to seek expert financial advice before making
any investment decision.

In connection with the offering, Fortis Bank (Nederland) N.V. (the "
Stabilisation Manager") (or persons acting on behalf of the Stabilisation
Manager) may over-allot shares or effect transactions with a view to supporting
the market price of the Securities at a level higher than that which might
otherwise prevail. However, there is no assurance that the Stabilisation Manager
(or persons acting on behalf of the Stabilisation Manager) will undertake
stabilisation action. Any stabilisation action may begin on or after the date on
which adequate public disclosure of the final offer price of the Securities is
made and, if begun, may be ended at any time, but it must end no later than 30
days after allotment of the Securities.

Certain statements in this announcement are forward-looking statements. These
forward-looking statements speak only as at the date of this announcement. Such
statements are based on current expectations and beliefs and, by their nature,
are subject to a number of known and unknown risks and uncertainties that could
cause actual results and performance to differ materially from any expected
future results or performance expressed or implied by the forward-looking
statement. The information and opinions expressed in this announcement are
subject to change without notice and neither the Company nor Fortis Bank
(Nederland) N.V. assumes any responsibility or obligation to update publicly or
review any of the forward-looking statements contained herein, regardless of
whether those statements are affected by the results of new information, future
events or otherwise.





ENDS


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            The company news service from the London Stock Exchange
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