21st May 2007 11:49
Accsys Technologies PLC21 May 2007 21 May 2007 Company Accsys Technologies plcTIDM AXS Accsys Technologies plc Completion of Subscription by Celanese On 28 March 2007, Accsys Technologies plc (the "Company") announced the terms ofits strategic partnership and supply agreement with Celanese Corporation. At thesame time, the Company also announced, inter alia, the proposed subscription byCelanese for 8,115,883 new ordinary shares of €0.01 each in the Company at €2.72per 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 thismorning. The Subscription Shares rank pari passu, in all respects, with theexisting ordinary shares of €0.01 each in the Company. Willy Paterson-Brown, Executive Chairman of Accsys, commented, "We are verypleased to welcome Celanese as a substantial shareholder in Accsys, and arelooking forward to a close working relationship with them. Now that thistransaction has been completed we are able to turn our attention towards ourlicensing business in which Celanese will have a key role to play". For further information, please contact: Accsys Technologies PLC +44 (0) 20 8114 2510William Paterson-Brown, Executive Chairmanwww.accsysplc.com Collins Stewart Europe Limited +44 (0) 20 7523 8000Tim Mickley/Michael O'Brien Parkgreen Communications +44 (0) 20 7851 7480Justine Howarth/Clare Irvine This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Accsys Tech