Business
Admission to trading on AIM, First Day of Dealings
Admission to trading on AIM, First Day of Dealings.
About this update from Essensys Plc
[{"type":"text","content":"\n \nRNS Number : 3891A essensys PLC 29 May 2019 \n\nNOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO ANY US PERSONS OR IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY PERSON, WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR REGULATION OF SUCH JURISDICTION.\n29 May 2019\nessensys plc\n(\"essensys\" or the \"Company\")\nAdmission to trading on AIM and First Day of Dealings\nessensys plc (AIM:ESYS), the leading provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry, is pleased to announce that N+1 Singer has successfully placed 18,543,046 new and existing Ordinary Shares in the Company at a price of £1.51 per Ordinary Share and the admission of its entire share capital, being 48,107,567 Ordinary Shares to trading on the AIM market of the London Stock Exchange.\nDealings in the Ordinary Shares will commence at 8:00 a.m. today, Wednesday 29 May 2019, under the ticker \"ESYS\" (ISIN: GB00BJL1ZF49).\nThe Company's AIM admission document is now available to view on the Company's investor website: https://investors.essensys.tech/\nAdmission Highlights\n· N+1 Singer acted as sole placing agent and has been retained as Nominated Adviser and Broker to essensys\n· In conjunction with Admission, the Company has successfully raised gross proceeds of £28 million through an oversubscribed placing of approximately 18.5 million Ordinary Shares at a price of £1.51 pence per share\n· The Placing raised gross proceeds of £14 million for the Company and £14 million for Selling Shareholders\n· Upon Admission, the Company will have a market capitalisation (at the Placing Price) of approximately £72.6 million\nCompany Highlights\n· The leading provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry \n· Strong management team with deep domain expertise\n· Proven and fully established products\n· 80%+ of high margin, recurring revenue\n· Excellen...