Accsys Tech Regulatory News (AXS)

18 Sep 2007 07:02

Accsys Technologies PLC18 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 successfulcompletion 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 withthe UKLA and the information set out in this Pricing Statement will also beannounced by an advertisement in a national newspaper distributed daily in TheNetherlands (Het Financieele Dagblad) and the Daily Official List (OfficielePrijscourant). A copy of the Pricing Statement may also be obtained inelectronic 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 theOffer Shares and the Additional Shares and the distribution of this PricingStatement 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 andtechnology company whose primary focus is on the production and licensing ofAccoya(TM) via its 100% owned subsidiary, Titan Wood (www.titanwood.com), withmanufacturing operations based in Arnhem, The Netherlands. Accoya(TM),manufactured through the Company's proprietary acetylation process, exhibitssuperior dimensional stability and durability compared with other natural andtreated timber. Accsys is also developing technology to modify wood fibre toenable 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) technologydevelopment focused on a programme of continuous improvements to the processengineering and operating protocols for the acetylation of wood which arecurrently under development as well as the development of technology for theacetylation of wood fibre; and (iii) the licensing of technology for theproduction of Accoya(TM) across the globe. Other information: This announcement is not an offer to sell or a solicitation of any offer to buythe 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 offeredor sold in the United States unless registered under the Securities Act or anexemption from such registration is available. No public offering of Securitiesof the Company is being made in the United States. This announcement does not constitute a prospectus. The offer to acquireSecurities pursuant to the Offering will be made, and any investor should makehis investment, solely on the basis of information contained in the Prospectus(as supplemented by the Supplementary Prospectus) published by the Company inconnection with the Offering and the Euronext Amsterdam Listing. Copies of theProspectus and the Supplementary Prospectus may be obtained at no cost throughthe website of Euronext Amsterdam (Dutch residents only) and the website of theCompany. All investment is subject to risk. The value of the Securities offered may godown as well as up. Past performance is no guarantee of future returns.Potential investors are advised to seek expert financial advice before makingany investment decision. In connection with the Offering, Fortis Bank (Nederland) N.V. (the "Stabilisation Manager") (or persons acting on behalf of the StabilisationManager) may over-allot shares or effect transactions with a view to supportingthe market price of the Securities at a level higher than that which mightotherwise prevail. However, there is no assurance that the Stabilisation Manager(or persons acting on behalf of the Stabilisation Manager) will undertakestabilisation action. Any stabilisation action may begin on or after the date onwhich adequate public disclosure of the final offer price of the Securities ismade and, if begun, may be ended at any time, but it must end no later than 30days after allotment of the Securities. Certain statements in this announcement are forward-looking statements. Theseforward-looking statements speak only as at the date of this announcement. Suchstatements are based on current expectations and beliefs and, by their nature,are subject to a number of known and unknown risks and uncertainties that couldcause actual results and performance to differ materially from any expectedfuture results or performance expressed or implied by the forward-lookingstatement. The information and opinions expressed in this announcement aresubject to change without notice and neither the Company nor Fortis Bank(Nederland) N.V. assumes any responsibility or obligation to update publicly orreview any of the forward-looking statements contained herein, regardless ofwhether those statements are affected by the results of new information, futureevents or otherwise. This information is provided by RNS The company news service from the London Stock Exchange