Essensys drops after Bidco's $15 million cash bid

essensys

24/02/2026 08:19

** Shares of software and technology platforms provider Essensys ESYS.L down 8.3% at 16.5 pence

** Bidco, backed by Mark Furness and members of the Concert Party and the company's directors, agrees on a cash offer for ESYS

** Deal values the company at about 11.3 million pounds ($15.22 million)

** Co's shareholders to receive 17 pence per share in cash

** ESYS up 10% YTD

($1 = 0.7423 pounds)

(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))