TIDMAXS
RNS Number : 7430A
Accsys Technologies PLC
04 February 2011
Regulatory Announcement
Company Accsys Technologies PLC
TIDM AXS
Headline Publication of Prospectus
Released 4 February 2011
Number
This announcement is not for distribution, directly or
indirectly, in or into the United States, Australia, Canada, Japan
or South Africa.
AIM: AXS
NYSE Euronext Amsterdam: AXS
4th February 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Publication of Prospectus
Further to the announcement today in relation to a share issue
to raise gross proceeds of EUR30 million (approximately EUR28
million net of expenses) through the issue of 200,000,000 New
Ordinary Shares of EUR0.01 each in the Company (the "Ordinary
Shares") by way of a Firm Placing and Placing and Open Offer at a
price of EUR0.15 per Ordinary Share, Accsys announces that a
prospectus relating to the Firm Placing and Placing and Open Offer
(the "Prospectus") was approved by the UK Listing Authority (the
"UKLA") earlier today. Accsys has requested that the UKLA provides
a certificate of approval and a copy of the approved prospectus to
the Netherlands Authority for the Financial Markets (Stichting
Autoriteit Financiele Markten).
The Prospectus is expected to be posted to registered
shareholders today and copies of the Prospectus, which includes a
notice convening a general meeting of Accsys to be held at the
registered office, Kensington Centre, 66 Hammersmith Road, London
W14 8UD at 11.00 a.m. on 21 February 2011, can be obtained by
contacting Accsys on +44 (0)208 150 8835 or by email at
info@accsysplc.com and also from the registered office of Accsys
and the offices of ABN AMRO Bank N.V. at Gustav Mahlerlaan 10, 1000
EA Amsterdam, The Netherlands. The Prospectus will also be
available on the Company's corporate website
(www.accsysplc.com/investor_governance.asp) and through the website
of Euronext Amsterdam (Dutch residents only) at no cost.
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via Citigate Dewe
PLC Hans Pauli, CFO Rogerson
Stephen Mischler
Matrix Corporate Capital Nick Stone
LLP Edmund Glover +44 20 3206 7000
Numis Securities Limited Christopher Wilkinson +44 20 7260 1347
Simon Blank +44 20 7260 1409
Citigate Dewe Rogerson Ginny Pulbrook +44 20 7282 2945
Malcolm Robertson +44 20 7282 2867
Suzanne Bakker +31 20 575 4023
IMPORTANT NOTICE:
This announcement does not constitute or form part of any offer
or invitation to sell or issue, or any solicitation of any offer to
purchase or subscribe for, any New Ordinary Shares, nor shall it
(or any part of it), or the fact of its distribution, form the
basis of, or be relied on in connection with or act as any
inducement to enter into, any contract or commitment whatsoever
with respect to the proposed Firm Placing and Placing and Open
Offer or otherwise. This announcement is not a prospectus and
investors should not subscribe for or purchase any New Ordinary
Shares referred to in this announcement. Any offer to acquire New
Ordinary Shares referred to in this announcement will be made, and
any investor should make his investment, solely on the basis of
information in the Prospectus published and made generally
available in the United Kingdom and The Netherlands today. Copies
of the prospectus may be obtained at no cost through the Company's
corporate website (www.accsysplc.com/investor_governance.asp) and
through the website of Euronext Amsterdam N.V. (Dutch residents
only).
The distribution of this announcement and/or the transfer of the
New Ordinary Shares in or into jurisdictions other than the United
Kingdom and the Netherlands may be restricted by law and therefore
persons into whose possession this announcement comes should inform
themselves about and observe such restrictions. Any failure to
comply with such restrictions may constitute a violation of the
securities laws of any such jurisdiction. In particular, this
announcement should not be distributed, forwarded to, or
transmitted in or into the United States, Australia, Canada, Japan
or the Republic of South Africa.
The New Ordinary Shares referred to in this announcement will
not be offered in or into any jurisdiction unless such an offer can
be made without contravention of any unfulfilled registration or
other legal or regulatory requirements. The New Ordinary Shares
have not been and will not be registered under the US Securities
Act or with any securities regulatory authority of any state or
other jurisdiction in the United States and may not be offered or
sold in the United States absent registration or an exemption from
registration. The New Ordinary Shares have not been approved or
disapproved by the US Securities and Exchange Commission, any state
securities commission or other regulatory authority, nor have the
foregoing authorities passed upon or endorsed the merits of the
Firm Placing and Placing and Open Offer or the accuracy or adequacy
of the information contained in this announcement or any other
document. Any representation to the contrary is unlawful and is a
criminal offence in the United States.
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(R) wood and technology licensing via its 100%
owned subsidiary, Titan Wood Limited, which has manufacturing
operations in Arnhem, the Netherlands, a European office in London
and an Americas office in Dallas, Texas. Accsys Technologies'
operations comprise three principal business units: (i) the
Accoya(R) 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(R) wood and Tricoya(R) wood elements across
the globe.
Accoya(R) Wood (www.accoya.info) is produced by using a
proprietary, non-toxic process that effectively converts
sustainably grown softwoods and non-durable hardwoods into what is
best described as a "high technology wood" 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(R) 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(R) 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(R) 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(R) Wood Elements (www.tricoya.com) is Accsys
Technologies' 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(R) 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.
Accsys Technologies is the trading name of Titan Wood Limited.
ACCOYA(R) TRICOYA(R) and the Trimarque Device 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
PDILLFFRFVISIIL
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Jul 2023 to Jul 2024