TIDMESYS

RNS Number : 2816J

essensys PLC

26 April 2022

26 April 2022

essensys plc

("essensys" or the "Group")

Director/PDMR Dealing

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces that on 25 April 2022, Mark Furness, Chief Executive Officer, purchased 20,934 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 94.5 pence per Ordinary Share.

Following this transaction, Mark Furness' total beneficial interest in the Group has increased to 19,700,000 Ordinary Shares, representing approximately 30.60 % of the Group's total issued share capital.

Mark Furness is treated as acting in concert with other shareholders, being Barry John Clark, Ian Bryn Sadler, Michael John Guest, Michael Grant and Liam Joachim Kavanagh (the "Concert Party"). As a result of the purchase, the aggregate number of Ordinary Shares held by the Concert Party has increased from 24,447,680 to 24,468,614, representing an increase from 37.97% to 38.00% of the issued share capital of the Group.

The purchase was effected under the terms of Note 11 on Rule 9.1 of the Code and therefore had no consequences under the Takeover Code.

The members of the Concert Party also hold the following options over Ordinary Shares:

 
                        Number of Options 
Mark Furness            397,351 
Barry John Clark        119,205 
Ian Bryn Sadler         119,205 
Michael John Guest      185,430 
Michael Grant           13,245 
Liam Joachim Kavanagh   3,311 
Total                   837,747

The Panel Executive has confirmed that, because these options were granted at a time when the Concert Party held an aggregate of over 50% of the issued share capital, the exercise of these options will not trigger an obligation for an offer to be made under Rule 9.

The Concert Party could come to hold in aggregate up to 25,306,361 Ordinary Shares (following the exercise of all options held by its members only), representing a maximum potential interest of up to 38.80% of the enlarged share capital (as enlarged by such exercise).

Details of the transaction can be found in the Notification of Dealing Form below.

For further information, please contact:

 
                                                +44 (0)20 3102 
essensys plc                                     5252 
Mark Furness, Chief Executive Officer 
Alan Pepper, Chief Financial Officer & Chief 
 Operating Officer 
 
Singer Capital Markets (Nominated Adviser       +44 (0)20 7496 
 and Joint Broker)                               3000 
Peter Steel / Harry Gooden / George Tzimas 
 
                                                +44 (0)20 3207 
Berenberg (Joint Broker)                         7800 
Ben Wright / Mark Whitmore 
 
FTI Consulting 
Jamie Ricketts / Eve Kirmatzis / Victoria       +44 (0)20 3727 
 Caton/ Talia Jessener                           1000

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                          Mark Furness 
2   Reason for the notification 
a)  Position/status               Chief Executive Officer 
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            Ordinary shares of 0.25 pence each 
     financial instrument, 
     type of instrument 
                                   GB00BJL1ZF49 
     Identification code 
b)  Nature of the transaction     Purchase of Ordinary Shares 
c)  Price(s) and volume(s)         Price(s)  Volume(s) 
                                     (pence) 
                                    94.5      20,934 
d)  Aggregated information 
 
 
     - Aggregated volume            n/a - single transaction 
 
 
     - Price 
e)  Date of the transaction       25 April 2022 
f)  Place of the transaction      London Stock Exchange, AIMX

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END

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April 26, 2022 10:06 ET (14:06 GMT)

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