Business
Issue of Ordinary Shares and
Issue of Ordinary Shares and.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n RNS Number : 8404U Accsys Technologies PLC 01 July 2009 \n \n\n\n\n1st July 2009 \n AIM: AXS\n NYSE Euronext Amsterdam: AXS \n\n\nAccsys Technologies PLC\n('Accsys' or 'the Company')\n\n\nIssue of Ordinary Shares and Total Voting Rights\n\n\nAccsys announces that 700,000 new ordinary shares have been issued and allotted to GEM Global Yield Fund Limited ('GEM'), at a price of €0.753, raising a total of €527,100. The share issue is in accordance with the terms of the agreement with GEM announced in March 2009 (the 'Agreement') and partially draws on the €20m line of credit secured thereunder.\n\nAccordingly, application has been made for the 700,000 new ordinary shares to be admitted to trading on AIM and it is expected that admission will take place on 1 July 2009.\n\nThe new ordinary shares will rank pari passu with the existing ordinary shares of the Company. \n\nIn connection with the GEM drawdown, Accsys has also issued warrants to subscribe for a total of 3,120,000 new ordinary shares. The warrants will be exercisable for a period of three years from 30 June 2009 at an exercise price of €1.00 per share.\n\nIn conformity with 5.6.1 of the ...