Business
Results of Capital Raise
Results of Capital Raise.
About this update from Accsys Technologies Plc
[{"type":"text","content":"\n AIM: AXS \n Euronext Amsterdam: AXS \n \nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nTHIS 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\n \nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER OF SECURITIES IN ANY JURISDICTION\n \nACCSYS TECHNOLOGIES PLC (\"Accsys\" or the \"Company\" or \"Group\")\nResults of Capital Raise raising gross proceeds of c.€34.2 million\nAccsys, the fast-growing company that enhances the natural properties of wood to make high performance and sustainable building products, announces a c.€34.2 million Capital Raise (of which c.€24.2 million is new money for the Company) by way of a successful Placing and Subscription and CLN Issuance.\nPlacing and Subscription\nThe Placing and Subscription of New Ordinary Shares will raise gross proceeds of €13.2 million. Further to the Company's announcement earlier today regarding the proposed Placing to be conducted by way of the Bookbuild (\"Launch Announcement\"), the Company has placed 19,127,888 New Ordinary Shares at a price of 69.35 Euro cents (61 GBP pence) per ordinary share (the \"Issue Price\").\nSteven Salo, Chief Financial Officer, has subscribed for 16,393 New Ordinary Shares at the Issue Price through the Subscription representing an investment of approximately £10,000.\nA total of 19,144,281 New Ordinary Shares will be issued pursuant to the Placing and Subscription, representing 8.7% of the Company's ...