essensys PLC Open Offer Launch, Posting of Circular, GM Notice (8228E)
July 09 2021 - 11:44AM
UK Regulatory
TIDMESYS
RNS Number : 8228E
essensys PLC
09 July 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
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WOULD BE UNLAWFUL.
9 July 2021
essensys plc
Launch of Open Offer, Posting of Circular
and
Notice of General Meeting
essensys plc (AIM: ESYS) ("essensys", the "Company" or, together
with its subsidiary undertakings, the "Group"), the leading global
provider of mission critical software-as-a-service (" SaaS " )
platforms and on-demand cloud services to the flexible workspace
industry, is pleased to announce that, further to the Company's
announcement on 8 July 2021 (the "Launch Announcement"), it is
proposing to raise up to approximately GBP2.0 million (before
expenses) through an Open Offer pursuant to which Qualifying
Shareholders will have an opportunity to subscribe for an aggregate
of 701,755 Open Offer Shares at an Offer Price of 285 pence per
Open Offer Share.
Pursuant to the Open Offer, Qualifying Shareholders will be
given the opportunity to subscribe for:
1 Open Offer Share for every 75.16 Existing Ordinary Shares
held by Qualifying Shareholders at the Record Date and so on in
proportion for any other number of Existing Shares then held.
Any Open Offer Shares not subscribed for by Qualifying
Shareholders will be available to Qualifying Shareholders under the
Excess Application Facility and as such, Qualifying Shareholders
seeking to limit their dilution from the Placing can also request
additional Open Offer Shares ("Excess Shares") under the Excess
Application Facility. The Open Offer is not being underwritten.
The Open Offer is conditional upon, among other things (i) the
Resolutions being duly passed by Shareholders at the General
Meeting and (ii) Admission having become effective at or before
8.00 a.m. on 27 July 2021 (or such later time and/or date as the
Joint Bookrunners may agree with the Company not being later than
8.00 a.m. on 10 August 2021).
Posting of Circular
The Company also confirms that a circular, which contains
further details regarding the Open Offer and a notice convening the
General Meeting (the "Circular"), has been posted today to
Qualifying Shareholders, along with the Application Form (where
applicable). The Circular will also be made available on the
Company's website: www.essensys.tech/investors .
Notice of General Meeting
The General Meeting has been convened for Monday 26 July 2021 at
9:30 a.m. at the offices of the Company, Aldgate Tower, 7th Floor,
2 Leman Street, London E1 8FA.
Capitalised terms used in this announcement have the meanings
given to them in the Circular, unless the context provides
otherwise.
For further information, please contact:
+44 (0)20 3102
essensys plc 5252
Mark Furness (Chief Executive Officer)
Alan Pepper (Chief Financial Officer)
Singer Capital Markets (nominated adviser, +44 (0)20 7496
joint broker and joint bookrunner) 3000
Peter Steel / Harry Gooden / George Tzimas
+44 (0)20 3207
Berenberg (joint broker and joint bookrunner) 7800
Ben Wright / Mark Whitmore / Tejas Padalkar
+44 (0)20 3727
FTI Consulting (public relations adviser) 1000
Jamie Ricketts / Eve Kirmatzis / Talia Jessener
/ Victoria Caton
Expected Timetable for the Fundraising
2021
Record Date for entitlement under the Open 7 July
Offer
Announcement of the Fundraising 8 July
Publication and posting of the Circular, 9 July
form of proxy (the "Form of Proxy") and,
to Qualifying Non-Crest Shareholders, the
Open Offer application form (the "Application
Form")
Ex-Entitlement date of the Open Offer 9 July
Open Offer Entitlements and Excess Open Offer 12 July
Entitlements credited to stock accounts in
CREST of Qualifying CREST Shareholders
Latest recommended time and date for requested 4.30 p.m. on 19 July
withdrawal of Basic Open Offer Entitlements
from CREST
Latest time and date for depositing Open 3.00 p.m. on 20 July
Offer Entitlements in CREST
Latest time and date for splitting of Application 3.00 p.m. on 21 July
Forms under the Open Offer
Latest time and date for receipt of Forms 9.30 a/p.m. on 22
of Proxy and CREST voting instructions July
Latest time and date for receipt of Application 11.00 a.m. on 23
Forms and payment July
in full under the Open Offer and settlement
of relevant CREST instructions (as appropriate)
General Meeting 9.30 a.m. on 26 July
Results of the General Meeting and the Open 26 July
Offer announced
Admission of the New Ordinary Shares to trading 8.00 a.m. on 27 July
on AIM and commencement of dealings
Where applicable, expected date for CREST 27 July
accounts to be credited in respect of New
Ordinary Shares in uncertificated form
Where applicable, expected date for despatch by 10 August
of definitive share certificates for New
Ordinary Shares in certificated form
Each of the times and dates above refer to London time and are
subject to change. Any such change will be notified to Shareholders
by an announcement through a Regulatory Information Service. All
events listed in the above timetable following the General Meeting
are conditional on the passing of the Resolutions at the General
Meeting.
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