Essensys Regulatory News (ESYS)

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 £1.87 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 £33.2 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: