Business
Completion of Subscription
Completion of Subscription.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n Accsys Technologies PLC\n21 May 2007\n\n\n\n21 May 2007\n\n\n\nCompany Accsys Technologies plc\nTIDM AXS\n\n\n\n\nAccsys Technologies plc\n\nCompletion of Subscription by Celanese\n\n\n\n\n\nOn 28 March 2007, Accsys Technologies plc (the 'Company') announced the terms of\nits strategic partnership and supply agreement with Celanese Corporation. At the\nsame time, the Company also announced, inter alia, the proposed subscription by\nCelanese for 8,115,883 new ordinary shares of €0.01 each in the Company at €2.72\nper share (the 'Subscription').\n\n\n\nThe Company is pleased to announce that the Subscription was today completed,\nfollowing admission of the 8,115,883 new ordinary shares to trading on AIM this\nmorning. The Subscription Shares rank pari passu, in all respects, with the\nexisting ordinary shares of €0.01 each in the Company.\n\n\n\nWilly Paterson-Brown, Executive Chairman of Accsys, commented, 'We are very\npleased to welcome Celanese as a substantial shareholder in Accsys, and are\nlooking forward to a close working relationship with them. Now that this\ntransaction has been completed we are able to turn our attention towards our\nlicensing business in which Celanese will have a key role to play'.\n\n\n\n\n\n\n\nFor further information, please contact:\n\nAccsys Technologies PLC +44 (0) 20 8114 2510\nWilliam Paterson-Brown, Executive Chairman\nwww.accsysplc.com\n\n\n\nCollins Stewart Europe Limited +44 (0) 20 7523 8000\nTim Mickley/Michael O'Brien\n\n\n\nParkgreen Communications +44 (0) 20 7851 7480\nJustine Howarth/Clare Irvine\n\n\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]