Accsys Technologies (LON: AXS) is raising up to €37m to finance a new Accoya wood plant in the US. The achievable market in the US is at least 15 times the current level of international sales, which are constrained by a lack of capacity. Accsys has been quoted for more than 15 years and it is finally on the brink of making a significant profit.
A placing has raised €33m at €1.65 (140p) a share and the one-for-70 open offer could raise up €4m at the same price. The current share price is 150...
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