Slaughter and May has advised Accsys Technologies plc on its firm placing and placing and open offer to raise €46.3 million.
The proceeds of the firm placing and placing and open offer will be used by Accsys to fund, among other things, the further expansion and enhancement of its Accoya® wood production and sales facility in Arnhem, the Netherlands, and the company’s expected share of the increase in construction costs associated with the completion of the Tricoya® wood chip production and sales facility in Hull, UK.
The capital raise is conditional on various matters, including the passing by shareholders of certain resolutions at a general meeting of Accsys to be held on 20 December 2019. The admission of new Accsys shares to listing and trading on Euronext Amsterdam and to trading on AIM is expected to occur on 23 December 2019.
Slaughter and May.has supported Accsys’ in-house legal team, Angus Dodwell and Daniella Lloyd. Rutgers & Posch is advising Accsys on the Dutch law aspects of the transaction.
Accsys Technologies PLC operates as an intellectual property and chemical technology group. The Company focuses on the sustainable transformation of wood through acetylation. Accsys Technologies serves customers worldwide.
The Slaughter and May team included Filippo de Falco (Picture), Hywel Davies (partner), Matthew Carey (associate), Christopher Connolly (associate), Richard Bach (associate), Harriet Saunders (trainee solicitor); Dominic Robertson (partner), Gabrielle Pereira (associate).
Involved fees earner: Richard Bach – Slaughter and May; Matthew Carey – Slaughter and May; Christopher Connolly – Slaughter and May; Hywel Davies – Slaughter and May; Filippo de Falco – Slaughter and May; Gabrielle Pereira – Slaughter and May; Dominic Robertson – Slaughter and May;
Law Firms: Slaughter and May;
Clients: Accsys Technologies PLC;