Essensys Regulatory News (ESYS)

18 March 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 17 March 2022, Mark Furness, Chief Executive Officer, purchased 350,000 ordinary shares of 0.25 pence each ("Ordinary Shares") at a weighted average price of approximately 74.58 pence per Ordinary Share.

Following these transactions, Mark Furness' total beneficial interest in the Group has increased to 19,679,066 Ordinary Shares, representing approximately 30.56% 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"). Certain of these shareholders have also purchased shares. As a result of these purchases, the aggregate number of Ordinary Shares held by the Concert Party has increased from 24,065,272 to 24,447,680, representing an increase from 37.38% to 37.97% of the issued share capital of the Group.

These purchases were 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:

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 25,285,427 Ordinary Shares (following the exercise of all options held by its members only), representing a maximum potential interest of up to 38.77% 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:

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM