Diamond Wood

RNS Number : 6520M

Accsys Technologies PLC

27 May 2010

 



AIM: AXS

NYSE Euronext Amsterdam: AXS

27 May 2010

ACCSYS TECHNOLOGIES PLC
("Accsys" or " the Company")

Statement re licensee

The Company is a shareholder in Diamond Wood China Limited ("DW") and has  received a letter from the Chairman of DW convening an AGM to be held on Tuesday 29 June 2010. The Company currently owns 21,666,734 shares in DW representing a holding of 15.4%.

In the letter, DW states that it is in advanced discussions with potential investors who are planning to invest sufficient funds to enable the construction of the first Accoya^® manufacturing facility in Nanjing. We will be meeting with DW shortly in order to discuss the impact of this financing, the possible phasing of the construction, and the impact on our current licence with DW.

While it is not certain that any transaction will be concluded, the Management of Accsys is very pleased with the progress DW is making to secure funding for its project.   

Ends

For further information, please contact:

Accsys Technologies PLC	Paul Clegg, CEO	[phone]
Matrix Corporate Capital LLP Threadneedle  Communications	Stephen Mischler Anu Tayal Graham Herring Josh Royston [e-mail] [e-mail]	[phone] [phone]
Citigate First Financial B.V.	Wouter van de Putte  Menno Delken	+ 31 20 575 4080

 

END

 

 

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