TIDMAXS
RNS Number : 5805B
Accsys Technologies PLC
21 February 2011
AIM: AXS
NYSE Euronext Amsterdam: AXS
21 February 2011
ACCSYS TECHNOLOGIES PLC ("Accsys" or "the Company")
Result of General Meeting
Accsys, the environmental science and wood technology company,
is pleased to announce that, at the General Meeting held at 11.00
a.m. today, the Resolutions required in connection with the Firm
Placing and the Placing and Open Offer were duly passed without
amendment. The full text of the Resolutions and the notice
convening the General Meeting are set out in the prospectus
published by the Company on 4 February 2011 in relation to the Firm
Placing and the Placing and Open Offer.
The Firm Placing and Placing and Open Offer remain conditional
upon the Placing Agreement becoming unconditional in all respects
and not having been terminated in accordance with its terms prior
to Admission, and Admission becoming effective by 9.00 a.m.
(Central European Time) on 22 February 2011 (or such later time
and/or date as the Company and Numis may determine).
Definitions used in the Prospectus shall have the same meaning
when used in this announcement unless stated otherwise.
This announcement should be read in conjunction with the full
text of the Prospectus, copies of which can be obtained by
contacting Accsys on +44 (0)20 8150 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, 1082
PP Amsterdam, The Netherlands. The Prospectus is also 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.
End
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
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.
Matrix, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for
Accsys and no one else in connection with the Firm Placing and
Placing and Open Offer and will not regard any other person
(whether or not a recipient of the Prospectus) as its client in
relation to the Firm Placing and Placing and Open Offer and will
not be responsible to anyone other than Accsys for providing the
protections afforded to its clients or for providing advice in
connection with the Firm Placing and Placing and Open Offer or any
other matter referred to herein.
Numis, which is authorised and regulated in the United Kingdom
by the Financial Services Authority, is acting exclusively for
Accsys and no one else in connection with the Firm Placing and
Placing and Open Offer and will not regard any other person
(whether or not a recipient of the Prospectus) as its client in
relation to the Firm Placing and Placing and Open Offer and will
not be responsible to anyone other than Accsys for providing the
protections afforded to its clients or for providing advice in
connection with the Firm Placing and Placing and Open Offer or any
other matter referred to herein.
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 except on the basis of
information in the Prospectus. 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 by the Company
in connection with the Firm Placing and Placing and Open Offer.
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 have
not been and 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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