REG - essensys PLC - Grant of Options

essensysAnnouncement

11/02/2025 07:15

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RNS Number : 5901W  essensys PLC  11 February 2025

11 February 2025

 

essensys plc

 

("essensys" or the "Group")

 

Grant of Options

 

essensys plc (AIM:ESYS), the leading global provider of software and
technology to the flexible workspace industry, announces that, on 10 February
2025, it granted a total of 1,855,000 options (the "Options") over ordinary
shares of 0.25 pence each ("Ordinary Shares") under the Group's existing
Long-Term Incentive Plan (the "LTIP") to the following essensys Directors and
PDMRs:

 

 Name           Position                                Number of Options over Ordinary Shares
 Mark Furness   Chief Executive Officer                 700,000
 James Lowery   Chief Operating Officer                 500,000
 Greg Price     Chief Financial Officer                 300,000
 James Shannon  Chief Product & Technology Officer      355,000

These Options are all subject to performance conditions, details of which will
be disclosed in the next annual report. They have an exercise price of 0.25
pence per share and will become exercisable between 10 February 2028 and 10
February 2035.

 

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").  The Concert Party holds in aggregate
24,447,680 Ordinary Shares in the Company, representing 37.79% of the issued
share capital of the Group. Mr Furness has undertaken to the Company that he
will not exercise his award over 700,000 Options should such exercise cause
either Mr Furness individually or the Concert Party collectively to make a
mandatory offer for the Company pursuant to Rule 9 of the City Code on
Takeovers and Mergers.

 

Following these grants, the Group has a total of 5.2 million share options
outstanding, representing 8.0% 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)

Greg Price (Chief Financial Officer)
 Singer Capital Markets (nominated adviser and broker)  +44 (0)20 7496 3000
 Peter Steel / James Fischer
 FTI Consulting (public relations adviser)              +44 (0)20 3727 1000
 Jamie Ricketts / Eve Kirmatzis / Usama Ali

 

About essensys plc

 

essensys is the leading global provider of software and technology for
flexible, digitally-enabled spaces, buildings and portfolios. The essensys
Platform simplifies and automates the delivery and management of next
generation, flexible, multi-tenant real estate.

 

The real estate industry is transforming - it must be flexible to changing
market demands, accommodate hybrid working styles, provide move-in ready
spaces and deliver frictionless experiences and on-demand services. The office
sector is becoming an increasingly digital-first landscape - driven by
end-user demand and delivering digitally enabled spaces is key to success. Our
software and technology is designed and developed to help solve the complex
operational challenges faced by landlords and flexible workspace operators as
they grow and scale their operations. We help our customers to deliver a
simple, secure and scalable proposition, respond to changing occupier demands
in a hybrid world, provide seamless occupier experiences, and realise smart
building and ESG ambitions.

 

Founded in 2006 and listed on the AIM market of the London Stock Exchange
since 2019, essensys is active in the UK, Europe, North America and APAC.

 

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.     Mark Furness

                                                                   2.     James Lowery

                                                                   3.     Greg Price

                                                                   4.    James Shannon
 2    Reason for the notification
 (a)  Position/status                                              1.     Chief Executive Officer

                                                                   2.     Chief Operating Officer

                                                                   3.     Chief Financial Officer

                                                                   4.    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  Ordinary shares of 0.25 pence each

      Identification code

                                                                   GB00BJL1ZF49
 (b)  Nature of the transaction                                    Grant of share options under essensys' existing LTIP Scheme
 (c)  Price(s) and volume(s)                                       Price (pence)  Quantity

                                                            1 0.25           700,000
                                                                   2 0.25           500,000

                                                            3 0.25           300,000
                                                                   4 0.25           355,000

 

 (d)  Aggregated Information, Aggregated volume

                                                                   N/A - Single transactions

      Prices
 (e)  Date of the transaction                                      10 February 2025
 (f)  Place of the transaction                                     Outside of a trading venue

 

 

 

(d)

Aggregated Information, Aggregated volume

 

Prices

 

N/A - Single transactions

 

(e)

Date of the transaction

10 February 2025

(f)

Place of the transaction

Outside of a trading venue

 

 

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