REG - essensys PLC - Director/PDMR Shareholding

essensysAnnouncement

18/03/2022 07:16

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RNS Number : 2076F  essensys PLC  18 March 2022

 

18 March 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 17 March 2022, Mark Furness,
Chief Executive Officer, purchased 350,000 ordinary shares of 0.25 pence each
("Ordinary Shares") at a weighted average price of approximately 74.58 pence
per Ordinary Share.

 

Following these transactions, Mark Furness' total beneficial interest in the
Group has increased to 19,679,066 Ordinary Shares, representing approximately
30.56% 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").  Certain of these shareholders have
also purchased shares. As a result of these purchases, the aggregate number of
Ordinary Shares held by the Concert Party has increased from 24,065,272 to
24,447,680, representing an increase from 37.38% to 37.97% of the issued share
capital of the Group.

 

These purchases were 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 25,285,427 Ordinary
Shares (following the exercise of all options held by its members only),
representing a maximum potential interest of up to 38.77% 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:

 

 essensys plc                                                          +44 (0)20 3102 5252
 Mark Furness, Chief Executive Officer
 Alan Pepper, Chief Financial Officer & Chief Operating 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
 Jamie Ricketts / Eve Kirmatzis / Victoria Caton/ Talia Jessener       +44 (0)20 3727 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 /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  Ordinary shares of  0.25 pence each

      Identification code

                                                                   GB00BJL1ZF49

 b)   Nature of the transaction                                    Purchase of Ordinary Shares

 c)   Price(s) and volume(s)

Price(s)  Volume(s)

                                                            (pence)
                                                                   74.00     200,000

                                                                   76.00     100,000
                                                                   74.00     45,000
                                                                   74.50     5,000

 

 d)   Aggregated information

      - Aggregated volume                                          350,000

      - Price                                                      74.5786 pence per Ordinary Share

 e)   Date of the transaction                                      17 March 2022

 f)   Place of the transaction                                     London Stock Exchange, AIMX

 

 

d)

 

Aggregated information

 

 

- Aggregated volume

 

 

- Price

 

 

 

 

 

350,000

 

 

74.5786 pence per Ordinary Share

 

e)

 

Date of the transaction

 

 

17 March 2022

f)

 

Place of the transaction

 

 

London Stock Exchange, AIMX

 

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