ESSENSYS PLC

Director's Dealing • Apr 26, 2022

National Storage Mechanism | Additional information

RNS Number : 2816J

essensys PLC

26 April 2022

26 April 2022

essensys plc

("essensys" or the "Group")

Director/PDMR Dealing

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces that on 25 April 2022, Mark Furness, Chief Executive Officer, purchased 20,934 ordinary shares of 0.25 pence each ("Ordinary Shares") at a price of 94.5 pence per Ordinary Share.

Following this transaction, Mark Furness' total beneficial interest in the Group has increased to 19,700,000 Ordinary Shares, representing approximately 30.60% of the Group's total issued share capital.

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"). As a result of the purchase, the aggregate number of Ordinary Shares held by the Concert Party has increased from 24,447,680 to 24,468,614, representing an increase from 37.97% to 38.00% of the issued share capital of the Group.

The purchase was effected under the terms of Note 11 on Rule 9.1 of the Code and therefore had no consequences under the Takeover Code.

The members of the Concert Party also hold the following options over Ordinary Shares:

	Number of Options
Mark Furness	397,351
Barry John Clark	119,205
Ian Bryn Sadler	119,205
Michael John Guest	185,430
Michael Grant	13,245
Liam Joachim Kavanagh	3,311
Total	837,747

The Panel Executive has confirmed that, because these options were granted at a time when the Concert Party held an aggregate of over 50% of the issued share capital, the exercise of these options will not trigger an obligation for an offer to be made under Rule 9.

The Concert Party could come to hold in aggregate up to 25,306,361 Ordinary Shares (following the exercise of all options held by its members only), representing a maximum potential interest of up to 38.80% of the enlarged share capital (as enlarged by such exercise).

Details of the transaction can be found in the Notification of Dealing Form below.

For further information, please contact:

essensys plc		+44 (0)20 3102 5252
Mark Furness, Chief Executive Officer
Alan Pepper, Chief Financial Officer & Chief Operating Officer
Singer Capital Markets (Nominated Adviser and Joint Broker)		+44 (0)20 7496 3000
Peter Steel / Harry Gooden / George Tzimas
Berenberg (Joint Broker)		+44 (0)20 3207 7800
Ben Wright / Mark Whitmore
FTI Consulting
Jamie Ricketts / Eve Kirmatzis / Victoria Caton/ Talia Jessener		+44 (0)20 3727 1000

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

Mark Furness

2

Reason for the notification

a)

Position/status

Chief Executive 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

Identification code

Ordinary shares of  0.25 pence each

GB00BJL1ZF49

b)

Nature of the transaction

Purchase of Ordinary Shares

c)

Price(s) and volume(s)

Price(s) (pence)	Volume(s)
94.5	20,934

d)

Aggregated information

- Aggregated volume

- Price

n/a - single transaction

e)

Date of the transaction

25 April 2022

f)

Place of the transaction

London Stock Exchange, AIMX

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