REG - essensys PLC - Director/PDMR Shareholding

essensysAnnouncement

16/09/2022 10:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220916:nRSP7731Za&default-theme=true

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
 James Shannon   Chief Product & Technology 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

 1    Details of the person discharging managerial responsibilities / person closely

    associated

 a)   Name                                                         1.     Alan Pepper

                                                                   2.     Sarah Harvey

                                                                   3.     Jeremy Bernard

                                                                   4.     James Lowery

                                                                   5.     David Kinnaird

                                                                   6.     James Shannon
 2    Reason for the notification

 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 /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        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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHGPUAPBUPPUBQ