TIDMAXS
RNS Number : 0107D
Accsys Technologies PLC
21 April 2017
AIM: AXS
NYSE Euronext Amsterdam: AXS
21 April 2017
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE
UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN, THE REPUBLIC OF
SOUTH AFRICA OR SWITZERLAND OR INTO ANY OTHER JURISDICTION WHERE TO
DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.
THIS ANNOUNCEMENT IS AN ADVERTISEMENT AND DOES NOT CONSTITUTE A
PROSPECTUS OR PROSPECTUS EQUIVALENT DOCUMENT. NOTHING HEREIN SHALL
CONSTITUTE AN OFFERING OF NEW ORDINARY SHARES. ANY DECISION TO
PURCHASE, SUBSCRIBE FOR, OTHERWISE ACQUIRE, SELL OR OTHERWISE
DISPOSE OF ANY NEW ORDINARY SHARES MUST BE MADE ONLY ON THE BASIS
OF THE INFORMATION CONTAINED IN AND INCORPORATED BY REFERENCE INTO
THE PROSPECTUS PUBLISHED BY ACCSYS TECHNOLOGIES PLC ON 29 MARCH
2017 (THE "PROSPECTUS"). COPIES OF THE PROSPECTUS ARE AVAILABLE
FROM THE REGISTERED OFFICE OF ACCSYS TECHNOLOGIES PLC AND ON ITS
WEBSITE AT WWW.ACCSYSPLC.COM
Accsys Technologies PLC ("Accsys" or the "Company")
Successful Results of Firm Placing and Open Offer
and
General Meeting
On 29 March 2017, Accsys announced the details of a proposed
Firm Placing and Open Offer to raise proceeds of up to
approximately EUR14,023,550 (before expenses) through the issue of
17,400,000 Firm Placing Shares and up to 2,923,986 Open Offer
Shares, at the Offer Price of EUR0.69 per New Ordinary Share.
The Open Offer closed for acceptances at 11.00 a.m. on 20 April
2017. Accsys is pleased to announce that it has received valid
acceptances under the Open Offer and its Excess Application
Facility in respect of 12,965,475 New Ordinary Shares, representing
an over-subscription in excess of four times the 2,923,986 New
Ordinary Shares available under the Open Offer and Excess
Application Facility. As applications under the Excess Application
Facility cannot be satisfied in full, such New Ordinary Shares
available shall be allocated in such manner as the Directors may
determine, in their absolute discretion in accordance with the
terms set out in the Prospectus.
The gross proceeds raised under the Open Offer will therefore be
the maximum amount of EUR2,017,550.34. Accordingly, the aggregate
amount raised pursuant to the Firm Placing and Open Offer will be
approximately EUR14,023,550 (before expenses).
It is anticipated that the return of funds in respect of
applications under the Excess Application Facility that have been
scaled back will be credited back into CREST not later than 28
April 2017 with cheques for certificated applications issued soon
thereafter.
Accsys is also pleased to announce that, at the General Meeting
held earlier today, all the resolutions set out in the notice of
General Meeting dated 29 March 2017 were duly passed, with in
excess of 27,500,000 proxy votes cast for each resolution tabled
and in excess of 99% of all proxy votes being 'for' each
resolution.
Application has been made for 17,400,000 Firm Placing Shares and
2,923,986 Open Offer Shares to be admitted to trading on AIM and
Euronext Amsterdam. It is expected that Admission will become
effective and dealings in the 20,323,986 New Ordinary Shares will
commence at 8.00 a.m. on 24 April 2017. The Firm Placing and Open
Offer remains conditional upon the Underwriting Agreement becoming
unconditional in all respects and not having been terminated in
accordance with its terms prior to Admission.
Capitalised terms not otherwise defined in the text of this
announcement have the meanings given to them in the Prospectus.
Paul Clegg, Chief Executive commented: "We are delighted at the
level of support we have received from new and existing
shareholders at the time of the transformational developments in
our capacity expansion for the manufacture of both Accoya and
Tricoya."
For further information, please contact:
Accsys Technologies Paul Clegg, CEO via MHP Communications
PLC William Rudge, FD
Hans Pauli, Executive
Director, Corporate Development
Nominated Adviser: Oliver
Cardigan
Jamie Lillywhite
Corporate Broking: Christopher
Wilkinson +44 (0) 20 7260
Numis Securities Limited Ben Stoop 1000
+44 (0) 20 3128
MHP Communications Tim Rowntree 8100
+31 681 734 236
Frank Neervoort +31 624 212
Off the Grid (The Netherlands) Giedo Van Der Zwan 238
IMPORTANT NOTICE
The information contained in this announcement is not for
release, publication or distribution to persons in the United
States or any Restricted Jurisdiction, and should not be
distributed, forwarded to or transmitted in or into any
jurisdiction, where to do so might constitute a violation of local
securities laws or regulations.
Any subscription for or purchase of New Ordinary Shares under
the Firm Placing and Open Offer has been made solely on the basis
of the information contained in the Prospectus. This announcement
is for background purposes only and is not intended to and does not
constitute or form part of any offer or invitation to purchase or
subscribe for, or any solicitation to purchase or subscribe for,
any securities in any jurisdiction. 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 or under the securities laws of
any Restricted Jurisdiction and may not be offered or sold in the
United States or any Restricted Jurisdiction absent registration or
an exemption from registration.
Numis Securities Limited ("Numis") is authorised and regulated
in the United Kingdom by the Financial Conduct Authority. Numis is
acting for Accsys and is acting for no one else in connection with
the Firm Placing and Open Offer and will not regard any other
person as a client in relation to the Firm Placing and Open Offer
and will not be responsible to anyone other than Accsys for
providing the protections afforded to its clients, nor for
providing advice in connection with the Firm Placing and Open Offer
or any other matter, transaction or arrangement referred to
herein.
This announcement has been issued by and is the sole
responsibility of Accsys. Apart from the responsibilities and
liabilities, if any, which may be imposed upon Numis by the
Financial Services and Markets Act 2000, neither Numis nor any of
its subsidiary undertakings, affiliates or any of its directors,
officers, employees, advisers or agents accepts any responsibility
or liability whatsoever and makes no representation or warranty,
express or implied, for the contents of this announcement,
including its accuracy, fairness, sufficiency, completeness or
verification or for any other statement made or purported to be
made by it, or on its behalf, in connection with Accsys or the New
Ordinary Shares or the Firm Placing and Open Offer and nothing in
this announcement is, or shall be relied upon as, a promise or
representation in this respect, whether as to the past or future.
Each of Numis and its subsidiary undertakings, affiliates or any of
its directors, officers, employees, advisers and agents accordingly
disclaims to the fullest extent permitted by law all and any
responsibility and liability whether arising in tort, contract or
otherwise (save as referred to above) which it might otherwise have
in respect of this Announcement or any such statement.
References to times in this announcement are to London time.
Cautionary statement regarding forward-looking statements
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". The words "believe,"
"estimate," "target," "anticipate," "expect," "could," "would,"
"intend," "aim," "plan," "predict," "continue," "assume,"
"positioned," "may," "will," "should," "shall," "risk", their
negatives and other similar expressions that are predictions of or
indicate future events and future trends identify forward-looking
statements. An investor should not place undue reliance on
forward-looking statements because they involve known and unknown
risks, uncertainties and other factors that are in many cases
beyond the control of the Company or the Group. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. The Company cautions investors that
forward-looking statements are not guarantees of future performance
and that its actual results of operations and financial condition,
and the development of the industry in which it operates, may
differ materially from those made in or suggested by the
forward-looking statements contained in this announcement and/or
information incorporated by reference into this announcement. In
addition, even if the Company's or the Group's results of
operation, financial position and growth, and the development of
the markets and the industry in which the Group operates, are
consistent with the forward-looking statements contained in this
announcement, these results or developments may not be indicative
of results or developments in subsequent periods. The cautionary
statements set forth above should be considered in connection with
any subsequent written or oral forward-looking statements that the
Company, or persons acting on its behalf, may issue.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEAELFASEXEFF
(END) Dow Jones Newswires
April 21, 2017 06:52 ET (10:52 GMT)
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Accsys Technologies (LSE:AXS)
Historical Stock Chart
From Apr 2023 to Apr 2024
