TIDMESYS

RNS Number : 1609E

essensys PLC

04 November 2020

4 November 2020

essensys plc

("essensys" or the "Group")

Appointment of CEO North America and PDMR Dealing

essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announces the appointment of Jeremy Bernard as CEO of its North American business, effective immediately.

Jeremy joins the Group's Operating Board and reports to Mark Furness, the Group's Founder & CEO.

Jeremy will spearhead the scale up of essensys' North American business, bringing extensive and unique experience in delivering flexible office solutions, managing real estate portfolios and scaling property technology businesses. He most recently served as the Global Head of Real Estate for Knotel, one of the world's largest flexible office providers.

Mark Furness, CEO of essensys, said:

"I am delighted to welcome Jeremy to essensys. His appointment to lead our North American business is another key milestone and further demonstrates our ambition and commitment to the industry. Jeremy's deep experience of real estate, technology and the flexible workspace sector will prove invaluable as we look to build on our existing success in the North American market."

Jeremy Bernard, CEO North America of essensys, said:

"It is an exciting time for the flexible workspace sector. Today's occupiers expect agile and flexible real estate products that can meet their constantly changing needs. As the market opportunity grows, providers are faced with the challenges of delivering seamless and comprehensive space-as-a-service solutions quickly and effectively. Software and technology are critical components of rolling out and managing these solutions. I share the ambition essensys has to solve real problems in the industry and am excited to lead the business in the region. I look forward to leveraging my knowledge of real estate, tech and the flexible workspace industry to help our customers and our business be more successful."

Grant of options

In connection with the above appointment, the Remuneration Committee has agreed to grant options (the "Options") over 466,303 ordinary shares in the capital of the Group to Jeremy. The Options have an exercise price of 132.50 pence per share and will become exercisable at dates between 2 November 2021 and 2 November 2024.

Following this grant, the Group has a total of 3,432,544 share options outstanding, representing 6.5% of the existing issued share capital of the Group.

For further information, please contact:

 
                                                +44 (0)20 3102 
 essensys plc                                             5252 
 Mark Furness, Chief Executive Officer 
 Alan Pepper, Chief Financial Officer 
 
                                                +44 (0)20 7496 
 N+1 Singer (Nominated Adviser and Broker)                3000 
 Peter Steel / Harry Gooden / George Tzimas 
 
 FTI Consulting 
 Jamie Ricketts / Eve Kirmatzis / Debbie        +44 (0)20 3727 
  Oluwaseyi Sonaike / Talia Jessener                      1000

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys' software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. The Group's technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.

essensys' two SaaS platforms, Connect and Operate , address these complex operational challenges, and reduce costs by simplifying the day-to-day management of flexible workspaces and the provision of on-demand IT, technology and infrastructure services to tenants. essensys' platforms automate key tasks and processes and help flexible workspace providers deliver highly efficient, customer-centric workspace solutions and member experiences with enterprise class services.

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

 
 1     Details of the person discharging managerial responsibilities 
        / person closely associated 
 a)    Name                                  Jeremy Bernard 
      ------------------------------------  ------------------------------------ 
 2     Reason for the notification 
      -------------------------------------------------------------------------- 
 a)    Position/status                       PDMR 
      ------------------------------------  ------------------------------------ 
 b)    Initial notification                  Initial notification 
        /Amendment 
      ------------------------------------  ------------------------------------ 
 3     Details of the issuer, emission allowance market participant, 
        auction platform, auctioneer or auction monitor 
      -------------------------------------------------------------------------- 
 a)    Name                                  essensys PLC 
      ------------------------------------  ------------------------------------ 
 b)    LEI                                   2138002MSI4WKYNOBS73 
      ------------------------------------  ------------------------------------ 
 4     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of transaction; 
        (iii) each date; and (iv) each place where transactions 
        have been conducted 
      -------------------------------------------------------------------------- 
 a)    Description of the                    Options over ordinary shares 
        financial instrument, 
        type of instrument 
 
       Identification code                   GB00BJL1ZF49 
 
 b)    Nature of the transaction             Grant of options 
      ------------------------------------  ------------------------------------ 
 c)    Price(s) and volume(s) 
                                             ------------------  ------------- 
                                              Price(s)            Volume(s) 
                                             ------------------  ------------- 
    132.50 pence                                                  466,303 
   ------------------------------------------------------------  ------------- 
 
 d)    Aggregated information                N/A 
 
  - Aggregated volume 
 
  - Price 
 
 e)    Date of the transaction               2 November 2020 
      ------------------------------------  ------------------------------------ 
 f)    Place of the transaction              Outside a trading venue 
      ------------------------------------  ------------------------------------

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END

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November 04, 2020 02:00 ET (07:00 GMT)

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