Accsys Tech Regulatory News (AXS)

11 Apr 2007 07:01

Accsys Technologies PLC11 April 2007 London, 11th April 2007 AIM: AXS Accsys Technologies PLC (the "Company") Posting of Circular to Shareholders Further to the announcement by the Company on 28 March 2007 of the strategicpartnership and long term exclusive supply agreement with Celanese Corporation("Celanese"), the Company announces that on 3 April 2007 a circular (the "Circular") was sent to shareholders of the Company containing, inter alia,notice convening an Extraordinary General Meeting of the Company (the "EGM") tobe held on Tuesday, 15 May 2007 at the Company's offices at Kensington Centre,66 Hammersmith Road, London W14 8UD to approve the subscription by Celanese for8,115,883 new ordinary shares in the Company at a price of €2.72 per share (the"Subscription") and the option for Celanese to increase its holding of equityshare capital in the Company to 29.9%, to increase the Company's authorisedordinary share capital to €2,500,000 and to give the Directors of the Companythe requisite share capital authorities. Completion of the Subscription and the grant of the Option are conditional onthe passing of the special resolution at the EGM and, subject to shareholderapproval being given, the Subscription is expected to take place on or before25th May 2007. The long term exclusive supply agreement with Celanese is itselfconditional upon, and will come into effect on, completion of the Subscription. For further information, please contact: Accsys Technologies PLC +44 (0) 20 8114 2510William Paterson-Brown, Executive Chairmanwww.accsysplc.com Collins Stewart Europe Limited +44 (0) 20 7523 8000Tim Mickley/Michael O'Brien Parkgreen Communications +44 (0) 20 7851 7480Justine Howarth/Clare Irvine Ends This information is provided by RNS The company news service from the London Stock Exchange