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essensys plc is pleased to announce that, further to the announcement made earlier today (09/04/2020), an aggregate of 4,635,762 new ordinary shares of 0.25 pence each (“Ordinary Shares”) in the capital of the Company (the “Placing Shares”) have been successfully placed at a price of 151 pence per Placing Share (the “Placing Price”) to raise gross proceeds of approximately £7 million.

The Placing Shares, when issued, will represent approximately 9.64 per cent. of the Company’s existing issued share capital. The Placing Price of 151 pence per share represents a discount of approximately 4.1 per cent. to the closing middle market price of 157.5 pence per Ordinary Share on 8 April 2020 being the latest practicable date prior to the publication of the Placing Announcement.

Settlement for the Placing Shares and Admission to trading on AIM is expected to take place at 8.00 a.m. on or around 16 April 2020.

Singer Capital Markets is acting as Nominated Adviser, Sole Broker and Sole Bookrunner.

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys’ software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. The Group’s technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.

Ticker: ESYS
Market Cap: £75.77 million*
Website: Click here

*As at 09/04/2020

For more information on this news, please email us or call us on +44 (0)20 7496 3000.

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