essensys PLC Director/PDMR Shareholding (7731Z)
September 16 2022 - 4:27AM
UK Regulatory
TIDMESYS
RNS Number : 7731Z
essensys PLC
16 September 2022
16 September 2022
essensys plc
("essensys" or the "Group")
Grant of Options
essensys plc, the leading global provider of mission-critical
software and technology to the flexible workspace industry,
announces that its has granted options over a total of 1,031,287
options under the Group's existing Long-Term Incentive Plan (the
"LTIP") to certain members of its executive management team as
follows:
Name Position Number of Options
Alan Pepper Chief Operating Officer 204,636
---------------------------- ------------------
Sarah Harvey Chief Financial Officer 366,667
---------------------------- ------------------
Jeremy Bernard CEO, North America 120,000
---------------------------- ------------------
James Lowery CEO, UK & Europe 120,000
---------------------------- ------------------
David Kinnaird Chief Customer Officer 104,876
---------------------------- ------------------
Chief Product & Technology
James Shannon Officer 115,108
---------------------------- ------------------
These grants are all subject to performance conditions, have an
exercise price of 0.25 pence per share and will, depending on the
individual concerned, become exerciseable between November 2023 and
November 2025.
Mark Furness, Chief Executive Officer of the Group, has waived
his entitlement to the planned option grant set out in the Group's
Annual Report for the year ended 31 July 2021 and, in order to
minimise dilution of existing shareholders' positions, has
indicated that he will waive any entitlement to option grants for
the foreseeable future.
In respect of Alan Pepper this grant replaces the previously
reported planned grant as was set out in the Remuneration Committee
Report included within the Group's Annual Report for the year ended
31 July 2021. Sarah Harvey's grant is in relation to her
commencement of employment as the Group's Chief Financial
Officer.
At the same time the Remuneration Committee has agreed to extend
the vesting period for LTIP options with performance conditions
issued on 28 May 2019 (immediately prior to the Group's IPO and as
set out in the Group's Admission Document) to 28 May 2024. This is
intended to ensure that the optionholders' interests in the
improvement in the Group's share price remain aligned to those of
our shareholders.
Following these grants, the Group has a total of 4,375,163 share
options outstanding, representing 6.8% of the existing issued share
capital of the Group.
For further information, please contact:
essensys plc +44 (0)20 3102 5252
Mark Furness (Chief Executive Officer)
Alan Pepper (Chief Operating Officer)
Sarah Harvey (Chief Financial Officer)
Singer Capital Markets (nominated adviser and
broker) +44 (0)20 7496 3000
Peter Steel / Harry Gooden / George Tzimas
FTI Consulting (public relations adviser) +44 (0)20 3727 1000
Jamie Ricketts / Eve Kirmatzis / Talia Jessener
/ Victoria Caton
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.
The essensys Platform addresses these complex operational
challenges, and reduces 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
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Alan Pepper
2. Sarah Harvey
3. Jeremy Bernard
4. James Lowery
5. David Kinnaird
6. James Shannon
----------------------------------- ---------------------------------------------
Reason for the notification
2
----------------------------------------------------------------------------------
a) Position/status 1. Chief Operating Officer
2. Chief Financial Officer
3. CEO, North America
4. CEO, UK & Europe
5. Chief Customer Officer
6. Chief Product & Technology Officer
----------------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
----------------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
----------------------------------------------------------------------------------
a) Name essensys PLC
----------------------------------- ---------------------------------------------
b) LEI 2138002MSI4WKYNOBS73
----------------------------------- ---------------------------------------------
Details of the transaction(s): section to be repeated
4 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)
-------------------- -------------------
0.25 pence 1. 204,636
2. 366,667
3. 120,000
4. 120,000
5. 104,876
6. 115,108
-------------------- -------------------
d) Aggregated information N/A
- Aggregated volume
- Price
e) Date of the transaction 15 September 2022
----------------------------------- ---------------------------------------------
f) Place of the transaction Outside a trading venue
----------------------------------- ---------------------------------------------
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END
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