Completion of Fundraising
10 Febrero 2010 - 1:00AM
UK Regulatory
TIDMAXS
RNS Number : 9094G
Accsys Technologies PLC
10 February 2010
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| Regulatory Announcement |
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| Company Accsys Technologies |
| PLC |
| TIDM AXS |
| Headline |
| Released 10 February 2010 |
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NOT FOR RELEASE, DISTRIBUTION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA, NEW ZEALAND OR JAPAN
AIM: AXS
NYSE Euronext Amsterdam: AXS
10 February 2010
ACCSYS TECHNOLOGIES PLC
("Accsys" or " the Company")
Completion of ^16.9 million fundraising and publication of a prospectus
Further to its announcements of 8 December 2009 and 12 January 2010, Accsys is
pleased to announce the completion of its ^16.9 million fundraising (less
expenses) and the publication of a prospectus relating to the admission to
trading and listing on AIM and on Euronext Amsterdam by NYSE Euronext of
44,232,226 new ordinary shares of ^0.01 each in the capital of the Company (the
"Shares").
As from today copies of the prospectus are available through the Company's
website at www.accsysplc.com and Euronext's website at www.euronext.com (Dutch
residents only). It is expected that at 8:00 am (UK Time) today, the Shares will
be admitted to trading and dealings will commence on AIM and on Euronext
Amsterdam by NYSE Euronext.
The Company's issued share capital now comprises 200,602,528 ordinary shares of
^0.01 each.
The prospectus will also shortly be available for inspection at the UK Listing
Authority's Document Viewing Facility, which is situated at Financial Services
Authority, 25 The North Colonnade, Canary Wharf, London E14 5HS.
Paul Clegg, Chief Executive Officer, of Accsys, stated:
"I am delighted to welcome our new Shareholders at such an exciting time in the
Company's progression. The levels of support and enthusiasm that we saw
throughout the fundraising were extremely encouraging.
The Company continues to focus on increasing its distribution channels and
thereby increasing the awareness and penetration of its Accoya products. This
will, in turn, fuel greater demand for the products and drive licensing
opportunities.
Accsys has a much stronger balance sheet and a clearly defined strategy for
delivering long term, sustainable growth and the Board looks forward to the
future with confidence."
Ends
For further information, please contact:
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| Accsys Technologies | Paul Clegg, CEO | +44 208 150 8835 |
| PLC | Kevin Wood, CFO | |
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| Matrix Corporate | Stephen Mischler | +44 20 3206 7000 |
| Capital LLP | Anu Tayal | |
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| Threadneedle | Graham Herring | +44 20 7653 9850 |
| Communications | Josh Royston | |
| | graham.herring@threadneedlepr.co.uk | |
| | josh.royston@threadneedlepr.co.uk | |
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| Citigate First | Wouter van de Putte | + 31 20 575 |
| Financial B.V. | Menno Delken | 4080 |
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This announcement is for information purposes only and does not constitute or
form part of any offer or invitation to purchase, otherwise acquire, subscribe
for, sell, otherwise dispose of or issue, or any solicitation of any offer to
sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for,
any security in the capital of the Company in any jurisdiction.
This announcement and any materials distributed in connection with this
announcement are not directed to, or intended for distribution to or use by, any
person or entity that is a citizen or resident or located in any locality,
state, country or other jurisdiction where such distribution, publication,
availability or use would be contrary to law or regulation which would require
any registration or licensing within such jurisdiction.
This announcement does not constitute an offer to purchase, or the solicitation
of an offer to purchase, any securities of the Company in the United States or
in any other jurisdiction in which such an offer or solicitation is unlawful.
The offer of securities referred to in this announcement has not been, and will
not be, registered under the United States Securities Act of 1933, as amended.
The Company's shares may not be offered or sold in the United States absent
registration or an exemption from registration. There will be no public offering
of the Company's shares in the United States, the United Kingdom or elsewhere.
The distribution of this announcement and the offering or sale of the Company's
shares in certain jurisdictions may be restricted by law. No action has been
taken by the Company or any of its advisers or affiliates, or any other person
that would permit an offer of the shares or possession or distribution of this
announcement or any other offering or publicity material relating to the shares
in any jurisdiction where action for that purpose is required. Persons into
whose possession this announcement comes are required to inform themselves about
and to observe any such restrictions.
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is an environmental science and
technology company whose primary focus is on the production of Accoya wood and
technology licensing via its 100% owned subsidiary, Titan Wood Limited
(www.titanwood.com), which has manufacturing operations in Arnhem, the
Netherlands, a European office in London and an Americas office in Dallas,
Texas. Accsys' operations comprise three principal business units: (i) the
Accoya wood 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 and the development of technology for the
acetylation of wood fibre; and (iii) the licensing of technology for the
production of Accoya wood and Tricoya(TM) wood elements across the globe.
Accoya Wood (www.accoya.info) is produced by using a patented, non-toxic
process that effectively converts sustainably grown softwoods and non-durable
hardwoods into what is best described as a "new wood species" via acetylation.
Distinguished by its durability, dimensional stability and, perhaps most
importantly of all, its reliability (in terms of consistency of both supply and
quality), Accoya wood is particularly suited to exterior applications where
performance and appearance are valued. Unlike most woods, its colour does not
degrade when exposed to sunlight. Moreover, the Accoya wood production process
does not compromise the wood's strength or machinability. The combination of UV
resistance, dimensional stability, increased coatings life, durability and
retained strength means that Accoya wood offers a wealth of new opportunities
to architects, designers and specifiers. Leading applications include external
doors and windows, shutters/shading, siding and cladding, decking, outdoor
furniture/equipment and glulam beams for structural use.
Tricoya Wood Elements (www.tricoya.com) is Titan Wood's proprietary technology
for the acetylation of wood fibres, chips, and particles for use in the
fabrication of wood based composites, including panel products. These composites
demonstrate enhanced durability and dimensional stability which allow them to be
used in a variety of applications which were once limited to solid wood or
man-made products. Tricoya Wood Elements is lauded as the first major
innovation in the wood composites industry in more than 30 years.
Wood Acetylation is a process, which increases the amount of 'acetyl' molecules
in wood, thereby changing its physical properties. The environmentally
responsible 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. Acetylated wood's increased durability offers
major carbon sequestration advantages, compared to other woods and man-made
building materials such as steel, vinyl, and plastic.
Wood Composites include a range of derivative wood products which are
manufactured by binding together the strands, particles, fibres, or veneers of
wood together with adhesives to form composite materials. These products are
engineered to precise design specifications which are tested to meet national or
international standards.
ACCOYA , TRICOYA , the Trimarque Device and the Elements logo are registered
trademarks owned by Titan Wood Limited and may not be used or reproduced
without written permission.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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