Accsys Technologies PLC
18 September 2007
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION INTO OR IN THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN.
18th September 2007 AIM: AXS
ACCSYS SUCCESSFULLY COMPLETES SHARE OFFERING AND
LISTING ON EURONEXT AMSTERDAM TODAY
Accsys Technologies PLC ('Accsys' or the 'Company') announces the successful
completion of its share offering and listing on Euronext Amsterdam today.
Highlights
• Offer Price has been set at €4.10;
• The Offering comprised a sale of 5,000,000 New Ordinary Shares by
Accsys and a sale of 10,000,000 Existing Ordinary Shares by certain existing
shareholders;
• The Company has raised €20.5m (before expenses);
• Use of funds includes:
o doubling the capacity of the Arnhem manufacturing facilities;
o to advance the wood fibre technology for panel products to a commercial
scale;
o to increase licensing activity and support, increasing staffing levels;
• First company to be dual listed on Euronext Amsterdam and AIM;
• Fortis acted as Lead Manager and Sole Bookrunner on the Offering;
• Accsys' ordinary shares will be listed and admitted to trading on
Euronext Amsterdam by NYSE Euronext today, under the Euronext trading symbol
'AXS'. The stock is expected to start trading at the opening of trade on an
'as-if-and-when-issued' basis;
• Settlement of the Offering is expected to occur on Friday 21 September 2007.
The Pricing Statement setting out the terms of the Offering has been filed with
the UKLA and the information set out in this Pricing Statement will also be
announced by an advertisement in a national newspaper distributed daily in The
Netherlands (Het Financieele Dagblad) and the Daily Official List (Officiele
Prijscourant). A copy of the Pricing Statement may also be obtained in
electronic form through the Company's website at
www.accsysplc.com/investor_governance or (in the case of Dutch residents only)
through the website of NYSE Euronext at www.euronext.com.
For a description of the restrictions on offers, sales and transfers of the
Offer Shares and the Additional Shares and the distribution of this Pricing
Statement in other jurisdictions, see Part X (Selling and Transfer Restrictions)
in the Prospectus.
Accsys Technologies PLC William Paterson-Brown, +44 (0) 20 8144 2510
Chairman & CEO
Parkgreen Communications Justine Howarth +44 (0) 20 7851 7480
Bex Sanders-Hewett
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
Accoya(TM) via its 100% owned subsidiary, Titan Wood (www.titanwood.com), with
manufacturing operations based in Arnhem, The Netherlands. Accoya(TM),
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 Accoya(TM)
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 Accoya(TM) across the globe.
Other information:
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 Offering will be made, and any investor should make
his investment, solely on the basis of information contained in the Prospectus
(as supplemented by the Supplementary Prospectus) published by the Company in
connection with the Offering and the Euronext Amsterdam Listing. Copies of the
Prospectus and the Supplementary 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.
This information is provided by RNS
The company news service from the London Stock Exchange
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