TIDMAXS
RNS Number : 9947U
Accsys Technologies PLC
18 July 2018
18 July 2018 AIM: AXS
Euronext Amsterdam: AXS
ACCSYS TECHNOLOGIES PLC ("Accsys")
Investment by VP Participaties BV
Accsys, the fast-growing chemical technology group, today
announces that VP Participaties BV ("VP Participaties"), the
investment company of the Van Puijenbroek family, has agreed to
invest EUR5,732,584 through a subscription of 6,231,070 new
ordinary shares of EUR0.05 each ("Shares") in Accsys at a price of
EUR0.92 per Share (the "Subscription Price").
The additional funding will allow us to develop key new growth
markets more quickly including USA and Asia where there is a high
level of interest in developing new capacity for our sustainable
products Accoya(R) and Tricoya(R) . It will also enable us to
accelerate certain projects to further increase the capacity and
efficiency of the Arnhem plant beyond 60,000 cubic metres.
VP Participaties invests in growth companies, particularly those
that focus on sustainability and social projects.
The Subscription Price of EUR0.92 per Share is reflective of the
market price and relates to last night's closing price of EUR0.92
for Accsys' Shares.
Paul Clegg, Chief Executive of Accsys, commented:
"We are delighted to be able to introduce another supportive,
long-term investor of the calibre of VP Participaties to our
register. As a Company with a strong emphasis on sustainability and
social projects, this investment is a strong endorsement of our
business and its prospects at this important stage of our
development. The funds received will allow us to accelerate some of
our exciting plans to expand the business for the future."
Jeroen Heine, Executive of VP Participaties B.V. commented:
"We are excited by the prospects for our investment in Accsys.
We have been impressed by both the technical performance of its
products and their sustainable provenance, which is becoming
increasingly important in today's world. We are a long-term
investor and look forward to supporting the growth of the business
at an interesting time of its development."
The Shares will be issued pending receipt of the Subscription
Price and admission to AIM and Euronext, which is expected to take
place on or about 24 July 2018. Following the issue of the above
Shares, the Company will have a total of 117,918,130 Shares in
issue.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION EU 596/2014. The person
responsible for arranging for the release of this Announcement on
behalf of Accsys is Angus Dodwell, Legal Counsel & Company
Secretary.
ACCSYS TECHNOLOGIES PLC ("Accsys")
Investering door VP Participaties BV
Accsys, de snelgroeiende chemische technologiegroep, maakt
vandaag bekend dat VP Participaties BV ("VP Participaties"), de
inesteringsmaatschappij van de familie Van Puijenbroek, akkoord is
gegaan met een belegging van EUR5,732,584 via het intekenen op
6,231,070 nieuwe gewone aandelen van EUR0,05 elk ("Aandelen") in
Accsys tegen een prijs van EUR0.92 per Aandeel (de
"Uitgifteprijs").
Met deze extra financiering kunnen wij snel belangrijke nieuwe
groeimarkten ontwikkelen, waaronder de VS en Azië, waar sprake is
van grote belangstelling is voor de ontwikkeling van nieuwe
capaciteit voor onze duurzame producten, Accoya(R) en Tricoya(R) .
Het zal ons ook in staat stellen om bepaalde projecten voor het
vergroten van de capaciteit en efficiëntie van de vestiging in
Arnhem met meer dan 60.000 kubieke meter te versnellen.
VP investeert in groeibedrijven, met name bedrijven die gericht
zijn op duurzaamheid en maatschappelijk verantwoorde projecten.
De Uitgifteprijs van EUR0.92 per aandeel is een afspiegeling van
de marktprijs en heeft betrekking op de slotkoers gisteren van
EUR0.92 voor aandelen van Accsys.
Paul Clegg, Algemeen Directeur van Accsys, reageerde als
volgt:
"We zijn verheugd om een andere ondersteunende, lange termijn
investeerder van het kaliber van VP Participaties aan onze groep
van aandeelhouders te kunnen toevoegen. Het is een investeerder met
een sterke nadruk op duurzaamheid en maatschappelijk verantwoord
ondernemen en deze investering is een sterke bevestiging van ons
bedrijf en de vooruitzichten in deze belangrijke fase van onze
ontwikkeling. Met deze ontvangen fondsen zullen wij een aantal van
onze plannen voor uitbreiding van het bedrijf voor de toekomst
sneller kunnen uitvoeren."
Jeroen Heine, directeur van VP Participaties BV gaf de volgende
reactie:
"We zijn enthousiast over de vooruitzichten voor onze
investering in Accsys. We zijn onder de indruk van de technische
prestaties van hun producten en hun duurzame herkomst, wat heden
ten dage steeds belangrijker wordt. Wij zijn een lange-termijn
belegger en kijken er naar uit om de groei van het bedrijf op een
interessant moment voor de ontwikkeling te mogen ondersteunen."
De aandelen zullen worden uitgegeven in afwachting van de
ontvangst van de Intekenprijs en de toestemming van AIM en
Euronext, wat naar verwachting op of omstreeks 24 juli 2018 zal
plaatsvinden. Na de uitgifte van de bovenstaande aandelen zal het
bedrijf een totaal van 117,918,130 aandelen in uitgifte hebben.
DEZE AANKONDIGING BEVAT INSIDE-INFORMATIE MET BETREKKING TOT
ARTIKEL 7 VAN DE VERORDENING MARKTMISBRUIK EU 596/2014. De persoon
die verantwoordelijk is voor het opstellen van deze aankondiging
namens Accsys is Angus Dodwell, Juridisch Adviseur &
Bedrijfssecretaris.
Ends
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via MHP Communications
PLC Will Rudge, FD
Hans Pauli, Executive Director,
Corporate Development
Nominated Adviser: Jamie Lillywhite
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Ben Stoop 1000
Tim Rowntree +44 (0) 20 3128
MHP Communications Kelsey Traynor 8100
+31 681 734
236
Off the Grid Frank Neervoort +31 222 379
(The Netherlands) Yvonne Derske 666
Notes to editors:
Accsys Technologies PLC (www.accsysplc.com) is a chemical
technology group whose primary focus is on the production of
Accoya(R) wood and Tricoya(R) wood elements, technology licensing
via its subsidiary, Titan Wood Limited, which has manufacturing
operations in Arnhem, the Netherlands (through its subsidiary Titan
Wood B.V.), a European office in London, United Kingdom, an
American office in Dallas, Texas (via its subsidiary Titan Wood,
Inc.) and technology licensing associated with the acetylation of
wood elements via its subsidiary Tricoya Technologies Limited. Any
references in this announcement to agreements with Accsys shall
mean agreements with either Accsys or its subsidiary entities
unless otherwise specified. Accsys Technologies PLC is listed on
the London Stock Exchange AIM market and on Euronext Amsterdam,
under the symbols 'AXS'. Accsys' operations comprise four principal
business units: (i) Accoya(R) wood production; (ii) building and
operating of Tricoya(R) wood chip acetylation plant in Hull; (iii)
technology development, focused on a programme of continuous
development of and improvements to the process engineering and
operating protocols for the acetylation of solid wood and the
development of technology for the acetylation of wood elements; and
(iv) the licensing of technology for the production of Accoya(R)
wood and Tricoya(R) wood elements across the globe.
Accoya(R) Wood (www.accoya.com) is produced using Accsys'
proprietary patented acetylation technology that effectively
converts sustainably grown softwoods and non-durable hardwoods into
what is best described as a "high technology wood". 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.
Moreover, the Accoya(R) wood production process does not compromise
the wood's strength or machinability. The combination of
dimensional stability, durability and retained strength means that
Accoya(R) wood offers a wealth of new opportunities to architects,
designers and specifiers. These benefits result in lower
maintenance and total cost of ownership while using a highly
sustainable and environmentally responsible building material. For
a full archive of Accoya(R) news, visit www.accoya.com/news.
Tricoya(R) Wood Elements (www.tricoya.com) are produced using
Accsys' proprietary technology for the acetylation of wood chips
and particles for use in the fabrication of panel products such as
medium density fibreboard and particle-board. These products
demonstrate enhanced durability and dimensional stability which
allow them to be used in a variety of applications that were once
limited to solid wood or man-made products. Exploitation of Accsys'
proprietary technology relating to Tricoya(R) Wood Elements is
carried out through Tricoya Technologies Limited. Tricoya(R) Wood
Elements are 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
naturally occurring 'acetyl' molecules in wood, thereby changing
its physical properties. When carried out to a sufficient level
throughout the wood, this process protects wood from rot by making
it "inedible" to most micro-organisms and fungi, 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.
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 ("TWL"), a wholly owned
subsidiary of Accsys Technologies PLC, and may not be used or
reproduced without written permission from TWL, or in the case of
the Tricoya(R) registered trademark, from Tricoya Technologies
Limited, a subsidiary of TWL with exclusive rights to exploit the
Tricoya(R) brand.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
IOELIFIRDVITLIT
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