essensys PLC Results of General Meeting and Open Offer
RNS Number : 4476G
26 July 2021
THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS
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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF EU REGULATION 596/2014 (WHICH FORMS PART OF
DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT
2018) ("UK MAR").
26 July 2021
Results of General Meeting and Open Offer
Issue of Equity and
Total voting rights
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 all resolutions put to
shareholders at the General Meeting held earlier today in
connection with the Fundraising, were duly passed.
Furthermore, the Company is pleased to announce that it has
raised approximately GBP1.87 million under the Open Offer (before
expenses) following the receipt of valid applications for 657,338
Open Offer Shares from Qualifying Shareholders, including
applications under the Excess Application Facility. This represents
93.7 per cent. of the available Open Offer Shares. Accordingly,
Qualifying Shareholders who have validly applied for Open Offer
Shares will, subject to the conditions below, receive their full
Open Offer Entitlement.
The Company has therefore raised approximately GBP33.2 million
(before expenses) through the Fundraising and has issued and
allotted 10,984,552 Primary Placing Shares and 657,338 Open Offer
Shares. Application has been made to the London Stock Exchange for
11,641,890 New Ordinary Shares to be admitted to trading on AIM.
Admission is expected at 8.00 a.m. on 27 July 2021.
The New Ordinary Shares will rank pari passu with the Existing
The Fundraising remains conditional, inter alia, upon Admission
and neither the Placing Agreement nor the Sell-down Agreement being
terminated in accordance with their terms.
Total Voting Rights
Following Admission, the Company will have 64,385,219 Ordinary
Shares in issue. No shares are held in treasury, therefore, the
total number of voting rights in the Company following Admission
will be 64,385,219.
Shareholders may use this figure as the denominator for the
calculations by which they will determine if they are required to
notify their interest in, or a change to their interest in, the
issued share capital of the Company, under the FCA's Disclosure
Guidance and Transparency Rules.
Unless otherwise defined, capitalised terms used in this
announcement shall have the same meanings as defined in the
Circular, published by the Company on 9 July 2021.
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
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(END) Dow Jones Newswires
July 26, 2021 05:57 ET (09:57 GMT)
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