essensys plc (AIM:ESYS), the leading provider of mission-critical SaaS platforms and on-demand cloud services to the high-growth flexible workspace industry, has today announced that Singer Capital Markets has successfully placed 18,543,046 new and existing Ordinary Shares in the Company at a price of £1.51 per Ordinary Share, giving the Company a market cap of £72.6 million upon admission to trading on the Alternative Investment Market of the London Stock Exchange.
In conjunction with Admission, the Company has successfully raised gross proceeds of £28 million through an oversubscribed placing.
Mark Furness, CEO of essensys, commented:
“Today is a landmark day for essensys, marking the start of the latest and most exciting phase of our journey to date. The positive reception we have received from investors has been hugely encouraging, and serves as an endorsement of the strength of the business we have built as well as the significant long-term opportunities that lie ahead of us as a UK-listed company with global ambition.
I want to thank everyone who has helped essensys achieve this successful flotation, especially our committed, passionate employees who are the true heartbeat of our business, and our loyal customer base who have allowed us to play an exciting role in the evolution of the flexible workspace industry.”
Singer Capital Markets acted as sole placing agent, and has been retained as Nominated Adviser and Broker to essensys.
essensys is the leading provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys’ software was 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.
Market Cap: £72.6 million*
Website: Click here
*As at the date of admission on 29/05/2019
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