28 November 2023

De Brauw advised Accsys on its relationship agreement with Teslin and De Engh and its EUR 34 million capital raise

Féline Goyarts+ 1 other team member

De Brauw advised Accsys Technologies Plc, the fast-growing company that enhances the natural properties of wood to make high performance and sustainable building products, on its relationship agreement with Teslin and De Engh and its EUR 34 million capital raise. De Brauw advised together with Slaughter and May, as Accsys is listed at both AIM and Euronext Amsterdam. Teslin and De Engh provided, in aggregate, approximately EUR 13m of new equity through the placing. The Relationship Agreement includes customary terms and conditions for a substantial shareholding of this nature, including the right for Teslin and De Engh to appoint one new non-executive director to the Board of the Company for so long as they hold an interest of at least 15 per cent and a second non-executive director for so long as they hold iat least 22.5 per cent.