Business
Day 58 Acceptance Level Update
essensys Bidco Limited has announced that as of May 6, 2026, valid acceptances for the recommended cash offer at 17 pence per share have been received for 30,216,848 essensys Shares, representing 73.39% of the issued ordinary share capital. Including irrevocable undertakings and concert party agreements, Bidco has secured valid acceptances for a total of 53,903,560 essensys Shares, equating to approximately 83.11% of the company's ordinary share capital. Shareholders are urged to accept the offer by 1:00 p.m. on May 8, 2026, as the offer is nearing its unconditional date, after which trading cancellation and re-registration as a private company are intended. Disclaimer*
About this update from Essensys Plc
[{"type":"text","content":"\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION\nFOR IMMEDIATE RELEASE\n 7 May 2026\nRecommended Cash Offer\nfor\nessensys plc (\"essensys\")\nby \nessensys Bidco Limited (\"Bidco\")\nDay 58 acceptance level update\nIntroduction\nOn 24 February 2026, Bidco and the essensys Independent Directors announced that they had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of essensys by Bidco (other than those essensys Shares held by or contracted to be acquired by or on behalf of Bidco) at a price of 17 pence per essensys Share (the \"Offer\").\nOn 9 March 2026, Bidco and the essensys Independent Directors announced that the offer document in relation to the Offer (the \"Offer Document\"), containing, among other things, a letter from the independent committee of essensys, a letter from the sole director of Bidco, the full terms and Conditions of the Offer, an expected timetable of principal events and details of the action to be taken by essensys Shareholders, were published, posted and made available to essensys Shareholders (other than essensys Shareholders resident or located in a Restricted Jurisdiction).\nA copy of the Offer Document is available on essensys's website at: https://www.essensys.tech.\nThis announcement (this \"Announcement\") should be read in conjunction with the full text of ...