Issue of Ordinary Shares and

RNS Number : 8404U

Accsys Technologies PLC

01 July 2009

 



1st July 2009       

                                                                                                                  AIM: AXS

                                                      NYSE Euronext Amsterdam: AXS    

Accsys Technologies PLC

('Accsys' or 'the Company')

Issue of Ordinary Shares and Total Voting Rights

Accsys 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.

Accordingly, 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.

The new ordinary shares will rank pari passu with the existing ordinary shares of the Company.  

In 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.

In conformity with 5.6.1 of the Disclosure and Transparency Rules, the Company notifies the market of the following:

The issued share capital of the Company consists of 156,370,302 ordinary shares of €0.01 each with voting rights. No ordinary shares are held in treasury.

The above figure of 156,370,302 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.

-ENDS-

For further information, please contact:

Accsys Technologies PLC	William Paterson-Brown, Executive Chairman	[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  Laurens Goverse	+ 31 20 575 4080

 

END

 

 

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