Essensys plc (AIM:ESYS), a leading provider of software and technology for the flexible workspace industry, has announced the admission of 44,690 new ordinary shares to trading on the AIM market of the London Stock Exchange. The shares will begin trading at 8:00 a.m. on March 20, 2026. This increase in share capital brings the company’s total issued share capital to 64,840,678 ordinary shares, with no shares held in treasury. As a result, the total voting rights of the company will also be 64,840,678.

Shareholder Notification Requirements

The company has informed shareholders that the figure of 64,840,678 will serve as the denominator for calculating their notification requirements under the Financial Conduct Authority’s (FCA) Disclosure Guidance and Transparency Rules. This means that shareholders must use this number to determine whether they are required to notify their interest in, or changes to their interest in, the company. The FCA’s rules are designed to ensure transparency and fairness in the financial markets, particularly regarding the disclosure of significant shareholder interests.

Under Rule 2.9 of the City Code on Takeovers and Mergers, the company has confirmed that as of the date and time of this announcement, its issued share capital consists of 64,840,678 ordinary shares of 0.25 pence each. The International Securities Identification Number (ISIN) for the company’s shares is GB00BJL1ZF49, and the Legal Entity Identifier (LEI) is 2138002MSI4WKYNOBS73. These identifiers are essential for tracking and identifying the company’s securities in financial markets.

Business Overview and Market Position

Founded in 2006 and listed on the AIM market since 2019, essensys has positioned itself as a leader in the global flexible workspace industry. The company provides software and technology solutions to landlords and flexible workspace operators, helping them manage and monetize their properties more effectively. Under new leadership, essensys has simplified its go-to-market strategy, focusing on two core offerings: the essensys Platform and elumo.

The essensys Platform is a SaaS solution that delivers enterprise-grade Wi-Fi across multi-tenant workspaces, providing data insights to improve performance. The company’s latest product, elumo, offers a new way to manage and monetize bookable spaces, transforming meeting rooms and shared spaces into revenue-generating assets. With customers in the UK, Europe, North America, and the Asia-Pacific region, essensys is expanding its presence in the flexible workspace and commercial real estate markets.

The company’s newly launched and simplified go-to-market strategy is designed to position it for long-term growth in these sectors. This strategic shift is expected to enhance its market share and competitive advantage as demand for flexible workspace solutions continues to rise.

Legal and Regulatory Considerations

Essensys has included a disclaimer stating that the announcement is not for release, publication, or distribution in the United States, Australia, Canada, or Japan, or any other jurisdiction where such distribution would be unlawful. This restriction is in compliance with securities laws in these jurisdictions, which often impose strict rules on the dissemination of financial information.

The company has also emphasized that this announcement is not intended to constitute or form part of any offer, invitation, or solicitation to purchase, subscribe for, or otherwise acquire or dispose of any securities. Additionally, it warns that any failure to comply with the restrictions on distribution could result in violations of securities laws in jurisdictions where such distribution is prohibited.

Canaccord Genuity Limited, the company’s financial advisor, has been authorized and regulated in the United Kingdom by the Financial Conduct Authority. It is acting exclusively for essensys and is not responsible for providing advice or protections to any other parties.

The company has also outlined the disclosure requirements under the City Code on Takeovers and Mergers. According to Rule 8.3(a), any person who holds 1% or more of any class of relevant securities of an offeree company or a securities exchange offeror must make an Opening Position Disclosure. This disclosure must include details of the person’s interests and short positions in, and rights to subscribe for, any relevant securities. The deadline for making this disclosure is 3:30 p.m. (London time) on the 10th business day following the commencement of the offer period.

Under Rule 8.3(b), any person who holds or becomes interested in 1% or more of any class of relevant securities must make a Dealing Disclosure if they trade in any relevant securities. This disclosure must be made by no later than 3:30 p.m. (London time) on the business day following the date of the relevant dealing. These rules are designed to ensure transparency in the financial markets and prevent insider trading or market manipulation.

If two or more persons act together to acquire or control an interest in relevant securities, they are deemed to be a single person for the purpose of Rule 8.3. The offeree company and any offeror must also make Opening Position Disclosures and Dealing Disclosures, as outlined in Rules 8.1, 8.2, and 8.4. Detailed information on the companies for which these disclosures are required can be found in the Disclosure Table on the Takeover Panel’s website.