Rutgers & Posch is advising Accsys Technologies plc in connection with its EUR 46.3 million equity offering

Rutgers & Posch is advising Accsys Technologies plc (Accsys), a company  listed on Euronext Amsterdam and AIM, on its equity offering of EUR 46.3 million (before expenses) announced on 28 November 2019. The proceeds of the equity offering 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 its expected share of the increase in construction costs associated with the completion of the Tricoya® wood chip production and sales facility in Hull, United Kingdom.

Numis Securities Limited, Investec Bank plc and NIBC Bank N.V. are acting as joint underwriters.

Subject to certain conditions being fulfilled, including the passing of certain shareholder resolutions, the admission of the new shares to listing and trading on Euronext Amsterdam and to trading on AIM is expected to occur on 23 December 2019.

The team of Rutgers & Posch consists of Matthijs van den Broek and Henriette van Overklift. Rutgers & Posch acts alongside Slaughter and May, international counsel to Accsys.