Accsys Tech Regulatory News (AXS)

15 May 2007 15:19

Accsys Technologies PLC15 May 2007 15th May 2007 AIM: AXS Result of Extraordinary General Meeting On 28 March 2007, Accsys Technologies plc (the "Company") announced the terms ofits strategic partnership and supply agreement with Celanese Corporation. At thesame time, the Company also announced, inter alia, the proposed subscription byCelanese for 8,115,883 new ordinary shares of €0.01 each in the Company at €2.72per share (the "Subscription") conditional, inter alia, upon the approval ofshareholders of the Company at an Extraordinary General Meeting convened for thepurpose ("EGM"). The Company is pleased to announce that at the EGM held earlier today, thespecial resolution put to shareholders to approve the Subscription was dulypassed. Completion of the Subscription remains conditional, inter alia, upon theadmission of the 8,115,883 new ordinary shares (the "Subscription Shares") totrading on AIM ("Admission"). It is expected that Admission will becomeeffective and that dealings in the Subscription Shares will commence at 8.00a.m. on 21st May 2007. The Subscription Shares will rank pari passu in allrespects with the existing ordinary shares of €0.01 each in the Company. ENDS For further information, please contact: Accsys Technologies PLC William Paterson-Brown, +44 (0) 20 8114 2510www.accsysplc.com Executive Chairman Collins Stewart Limited Tim Mickley / Michael O'Brien +44 (0) 20 7523 8000 Parkgreen Communications Justine Howarth / Clare Irvine +44 (0) 20 7851 7480 Notes to Editors About Celanese As a global leader in the chemicals industry, Celanese Corporation (NYSE: CE)makes products essential to everyday living. Our products, found in consumerand industrial applications, are manufactured in North America, Europe and Asia.Net sales totalled $6.7 billion in 2006, with approximately 60% generatedoutside of North America. Known for operational excellence and execution of itsbusiness strategies, Celanese delivers value to customers around the globe withinnovations and best-in-class technologies. Based in Dallas, Texas, the companyemploys approximately 8,900 employees worldwide. For further information aboutCelanese, please visit www.celanese.com. Titan Wood Limited (www.titanwood.com) is wholly owned subsidiary of the AccsysTechnologies PLC (www.accsysplc.com) group of companies. Accsys Technologies PLCis listed on the London Stock Exchange AIM market under the symbol 'AXS'. Wood Acetylation is a process, which increases the amount of 'acetyl' moleculesin wood, thereby changing its physical properties. The process protects woodfrom rot by making it "inedible" to most micro-organisms and insects, without -unlike conventional treatments - making it toxic. It also greatly reduces thewood's tendency to swell and shrink, making it less prone to cracking andensuring that when painted it requires dramatically reduced maintenance. Accoya(TM) wood (www.accoya.info) is produced using a patented process thateffectively converts sustainably grown softwoods and non-durable hardwoods intowhat is best described as a 'new wood species'. Distinguished by its durability,dimensional stability and, perhaps most importantly of all, its reliability (interms of consistency of both supply and quality), Accoya(TM) wood is particularly suited to exterior applications where performance and appearance are valued. Unlike most tropical and European hardwoods, its colour does not degrade when exposed to ultraviolet light. Moreover, the Accoya(TM) wood production process does not compromise the wood's strength or machinability. The combination of UV resistance, dimensional stability, durability and retained strength means that Accoya(TM) wood offers a wealth of new opportunities to architects, designers and specifiers. For marine uses where weight is also important, Accoya(TM) wood for the first time provides boat builders with a wood that is strong, lightweight, durable and which retains its natural beauty for far longer. ACCOYA(TM) is a registered trademark owned by Titan Wood Limited. This information is provided by RNS The company news service from the London Stock Exchange