REG - essensys PLC - Appointment of CEO UK & Europe and PDMR Dealing

essensysAnnouncement

07/02/2022 07:00

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RNS Number : 8007A  essensys PLC  07 February 2022

7 February 2022

 

essensys plc

("essensys" or the "Group")

Appointment of James Lowery as CEO UK & Europe and PDMR Dealing

essensys plc, the leading global provider of mission-critical software and
technology to the flexible workspace industry, announces the appointment of
James Lowery as CEO of its UK and European business, effective immediately.

James joins the Group's Executive Committee and reports to Mark Furness, the
Group's Founder & CEO.

James will lead the growth of the UK and European business, as essensys
continues to scale its operations globally. James joins from British Land
where he co-founded its flexible workspace offering, Storey. He built Storey
from concept to a leading flexible workspace brand, scaling it over five
years, across multiple locations, whilst assembling an inclusive and diverse
team. More broadly, he has experience working across Europe and in the UAE.

Mark Furness, CEO of essensys, said:

"James' experience of launching, scaling, and operating British Land's flex
workspace offering Storey will be a huge asset to essensys. His skill set is
unique, having bridged the gap between landlord and flex space provider at a
leading UK property company. He understands the challenges our customers face,
and the pivotal role technology plays. I am excited to have James join to lead
our UK and Europe business. His experience will be invaluable to both our
customers and our business as we continue to scale globally."

James Lowery, CEO UK & Europe, added:

"The effective utilisation of technology is one of the biggest challenges
workspace owners and operators face when trying to meet evolving customer
needs. I believe essensys is uniquely positioned to drive forward the
industry's digital transformation. A complete, secure and scalable platform, a
great team and clear growth plan, makes me incredibly excited about the
future."

Grant of options

In connection with the above appointment, the Remuneration Committee has
granted options (the "Options") over 89,219 ordinary shares in the capital of
the Group to James. The Options are subject to performance conditions, have an
exercise price of 0.25 pence per share and will become exercisable from 4
February 2025.

Following this grant, the Group has a total of 3,444,869 share options
outstanding, representing 5.4% 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 Financial Officer)
 Singer Capital Markets (nominated adviser and joint broker)       +44 (0)20 7496 3000
 Peter Steel / Harry Gooden / George Tzimas
 Berenberg (joint broker)                                          +44 (0)20 3207 7800
 Ben Wright / Mark Whitmore
 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.

essensys' Flex Services 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

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         James Lowery

 2    Reason for the notification

 a)   Position/status                                              PDMR

 b)   Initial notification /Amendment                              Initial notification

 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 financial instrument, type of instrument  Options over ordinary shares

      Identification code                                          GB00BJL1ZF49

 b)   Nature of the transaction                                    Grant of options

 c)   Price(s) and volume(s)

                                                                                     Price(s)          Volume(s)
                                                                                     0.25 pence        89,219

 d)   Aggregated information                                       N/A

      - Aggregated volume

      - Price

 e)   Date of the transaction                                      4 February 2022

 f)   Place of the transaction                                     Outside a trading venue

 

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