ACCSYS TECHNOLOGIES PLC
(“Accsys” or the “Company”)
Results of Firm Placing and Placing and Open Offer
On 28 November 2019, the Company announced details of a proposed Firm Placing and Placing and Open Offer to raise gross proceeds of €46.3 million (before expenses) through the issue of 27,239,764
Firm Placing Shares and 16,855,474 Open Offer Shares, at the Offer Price of €1.05 per New Ordinary Share.
The Open Offer closed for acceptances at 11:00 a.m. on 19 December 2019. Accsys is pleased to announce that it has received valid acceptances under the Open Offer and the Excess Application
Facility in respect of 23,980,007 Open Offer Shares, representing an over-subscription of approximately
1.4 times the 16,855,474 New Ordinary Shares available under the Open Offer and Excess Application Facility. As applications under the Excess Application Facility cannot be satisfied in full, the New
Ordinary Shares available under the Excess Application Facility shall be allocated in such manner as
the Directors may determine in their absolute discretion, in accordance with the terms set out in the Prospectus. Accordingly, assuming satisfaction of all outstanding conditions, the aggregate amount raised pursuant to the Firm Placing and Placing and Open Offer will be €46.3 million (before expenses).
The Issue remains conditional on, among other things, the approval by the Company’s shareholders of the first and third resolutions to be proposed at the General Meeting (as set out in the Notice of General
Meeting set out at the end of the Prospectus), which will take place at 9:00 a.m. today, and the
Underwriting Agreement not having been terminated in accordance with its terms prior to Admission.
The Company will announce the results of the General Meeting as soon as practicable after the General Meeting concludes. It is expected that Admission will become effective and that dealings in the New Ordinary Shares will commence on Euronext Amsterdam and AIM at 8.00 a.m. (GMT) on 23 December
All capitalised terms in this announcement have the meaning given to them in the Prospectus, unless otherwise defined herein.