TIDMESYS

RNS Number : 4476G

essensys PLC

26 July 2021

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

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

essensys plc

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 Ordinary Shares.

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 
 

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 or visit 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.

END

ROMFIFEADEIRFIL

(END) Dow Jones Newswires

July 26, 2021 05:57 ET (09:57 GMT)

Essensys (LSE:ESYS)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Essensys Charts.
Essensys (LSE:ESYS)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Essensys Charts.