Accsys Technologies PLC
11 April 2007
London, 11th April 2007 AIM: AXS
Accsys Technologies PLC (the 'Company')
Posting of Circular to Shareholders
Further to the announcement by the Company on 28 March 2007 of the strategic
partnership and long term exclusive supply agreement with Celanese Corporation
('Celanese'), the Company announces that on 3 April 2007 a circular (the '
Circular') was sent to shareholders of the Company containing, inter alia,
notice convening an Extraordinary General Meeting of the Company (the 'EGM') to
be held on Tuesday, 15 May 2007 at the Company's offices at Kensington Centre,
66 Hammersmith Road, London W14 8UD to approve the subscription by Celanese for
8,115,883 new ordinary shares in the Company at a price of €2.72 per share (the
'Subscription') and the option for Celanese to increase its holding of equity
share capital in the Company to 29.9%, to increase the Company's authorised
ordinary share capital to €2,500,000 and to give the Directors of the Company
the requisite share capital authorities.
Completion of the Subscription and the grant of the Option are conditional on
the passing of the special resolution at the EGM and, subject to shareholder
approval being given, the Subscription is expected to take place on or before
25th May 2007. The long term exclusive supply agreement with Celanese is itself
conditional upon, and will come into effect on, completion of the Subscription.
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
Ends
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