Accsys Technologies PLC
21 May 2007
21 May 2007
Company Accsys Technologies plc
TIDM AXS
Accsys Technologies plc
Completion of Subscription by Celanese
On 28 March 2007, Accsys Technologies plc (the 'Company') announced the terms of
its strategic partnership and supply agreement with Celanese Corporation. At the
same time, the Company also announced, inter alia, the proposed subscription by
Celanese for 8,115,883 new ordinary shares of €0.01 each in the Company at €2.72
per share (the 'Subscription').
The Company is pleased to announce that the Subscription was today completed,
following admission of the 8,115,883 new ordinary shares to trading on AIM this
morning. The Subscription Shares rank pari passu, in all respects, with the
existing ordinary shares of €0.01 each in the Company.
Willy Paterson-Brown, Executive Chairman of Accsys, commented, 'We are very
pleased to welcome Celanese as a substantial shareholder in Accsys, and are
looking forward to a close working relationship with them. Now that this
transaction has been completed we are able to turn our attention towards our
licensing business in which Celanese will have a key role to play'.
For further information, please contact:
Accsys Technologies PLC +44 (0) 20 8114 2510
William Paterson-Brown, Executive Chairman
www.accsysplc.com
Collins Stewart Europe Limited +44 (0) 20 7523 8000
Tim Mickley/Michael O'Brien
Parkgreen Communications +44 (0) 20 7851 7480
Justine Howarth/Clare Irvine
This information is provided by RNS
The company news service from the London Stock Exchange