TRADING UPDATES: SIG in good start to 2021; Accsys taps EUR37 million
Wed, 5th May 2021 19:20
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
SIG PLC - London-based supplier of insulation, roofing, commercial interiors and specialist construction products - Has made an encouraging start to the year, with January and February sales volumes picking up strongly and March and April trading ahead of management's expectations. For first quarter to April 30, like-for-like sales grew 29%, having declined 4% in the same period in 2019.
Accsys Technologies PLC - wood building products manufacturer - Proposes placing to raise EUR33 million and open offer to secure EUR4 million. "The net proceeds of the Issue will be used primarily to fund the company's investment in expanding its Accoya business into North America," Accsys says. Plans to build new Accoya plant in US, as part of joint-venture with Eastman Chemical Co.