Slaughter and May advised Accsys Technologies PLC on investment securing transformational capacity expansion, and firm placing and open offer

Slaughter and May has advised Accsys Technologies PLC on various aspects of its financing of a project consortium established to build and operate the world’s first Tricoya® wood chip manufacturing plant in the UK, and to expand the existing Accoya® plant in the Netherlands.

This transformational increase in manufacturing capacity will allow Accsys to meet demand from the substantial and growing markets for its products globally.

We also advised on a firm placing and open offer of new Accsys shares to be listed on AIM and Euronext Amsterdam. The net proceeds of the fundraising, which was announced on 29 March 2017, will strengthen Accsys’ balance sheet in the context of the two significant capital projects.

Slaughter and May supported Angus Dodwell, Accsys Legal Counsel & Company Secretary. Rutgers & Posch advised Accsys on Dutch law aspects. Mayer Brown advised Numis Securities Limited, which acted as underwriter and Nomad.