Board Appointments and Grant of Options

RNS Number : 4768B

essensys PLC

30 January 2020

 

30 January 2020

essensys plc

("essensys" or the "Group")

Board Appointments and Grant of Options

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, is pleased to announce the appointments of Elizabeth Sandler and Alexandra Notay as independent Non-Executive Directors, with immediate effect.

Elizabeth and Alexandra add significant strength, depth and international experience within the real estate and financial services sectors to the essensys Board.

Elizabeth has held leadership roles in the real estate and financial services sectors for the past 25 years in New York and London, most recently as founder and CEO of Echo Juliette (a workplace investment consultancy), and before that at The Blackstone Group, Deutsche Bank, AXA Financial and A.T. Kearney.  Elizabeth was Managing Director and Global COO of Blackstone's $15bn Real Estate Debt Strategies division from 2016 to 2018, and Managing Director and Global COO of a variety of Deutsche Bank businesses including its Risk Division (2014-16), Structured Finance (2010-2014) and Commercial Real Estate (2005-2010). Elizabeth currently serves on the Board of FS KKR Capital, the NYSE-listed business development company with a $3bn market capitalisation.

Alexandra is an international real estate advisor, and recognised expert in the UK's Build to Rent sector, with 15 years' experience across the private, government and non-profit sectors. Since 2016 she has been Fund Director at PfP Capital, the fund and asset management arm of Places for People, overseeing a UK-wide residential strategy.  Places for People Group is one of the UK's largest property management, development, regeneration and leisure companies with c.£4.5bn of fixed assets and c.£830m turnover in 2019. Previously she founded and led an international consultancy business advising real estate clients such as Grainger plc, Grosvenor, MSCI and the European Investment Bank on corporate strategy, innovation and operations (2012-2017).  Prior to that Alexandra was Vice President and Research Director at the Urban Land Institute (2007-2011), the global real estate non-profit research and education organisation.  Alexandra is a published author and editor of over 30 books and reports on real estate and serves on numerous industry committees.  Alexandra holds Board positions at a range of organisations within the property sector, including the Creative Land Trust, Sound Diplomacy and LandAid South West.

On appointment, Elizabeth will become Chair of essensys' Remuneration Committee whilst Alexandra will become a member of both of essensys' Audit and Remuneration Committees.  essensys' Board now comprises six members, including independent Non-Executive Chairman Jon Lee, Founder & CEO Mark Furness, CFO Alan Pepper and independent Non-Executive Director Charles Butler, in addition to Elizabeth and Alexandra.

Grant of Options

In connection with the above appointments, the Remuneration Committee has agreed to grant options (the "Options") over 25,445 ordinary shares in the capital of the Company to each of Elizabeth and Alexandra, under the NED Share Option Plan. The Options have an exercise price of 196.50 pence per share and will become exercisable from 30 January 2023.

Following these grants, the Company has a total of 2,879,276 share options outstanding, representing 6.0% of the existing issued share capital of the Company. 

essensys' Chairman Jon Lee said: "We are delighted to welcome Elizabeth Sandler and Alexandra Notay to essensys' Board. Their know-how and experience on a global scale in the real estate market will be of enormous value to essensys as we drive forward our plans for long-term organic growth and international expansion. As announced at the end of 2019, we have enjoyed strong momentum with new and existing customers since our listing on the London Stock Exchange (AIM). The flexible workspace market presents us with exciting opportunities, and we look ahead with excitement and confidence to the next phase in our evolution with the support of a strengthened Board."

Notes

Save as disclosed below, there are no further disclosures to be made pursuant to Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies in respect of Elizabeth Sandler and Alexandra Notay's appointment.  Elizabeth Sandler and Alexandra Notay, aged 49 and 37, respectively, currently hold and have held the following directorships in the past five years:

Elizabeth Jamisen Sandler, née Jamisen

Current directorships/partnerships:	Directorships/partnerships in the past five years:
Echo Juliette, LLC  FS KKR Capital Corp. Crosswind Capital, LLC	None

Alexandra Katherine Notay, née Parr

Current directorships/partnerships:	Directorships/partnerships in the past five years:
Creative Land Trust	Alex Notay Limited
Sun Screen IT Foundation Limited
Sound Diplomacy Holdings Ltd
Trustee of The Parochial Church Council Of The Ecclesiastical Parish Of St Mary, Redcliffe

For further information, please contact:

essensys plc	[phone]
Mark Furness, Chief Executive Officer
Alan Pepper, Chief Financial Officer
N+1 Singer (Nominated Adviser and Broker)	[phone]
Peter Steel / Harry Gooden / George Tzimas / Harry Mills
FTI Consulting
Jamie Ricketts / Ellie Sweeney / Talia Jessener / Debbie Oluwaseyi Sonaike	[phone]

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys' software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. The Group's technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.

essensys' two SaaS platforms, Connect and Operate, address these complex operational challenges, and reduce costs by simplifying the day-to-day management of flexible workspaces and the provision of on-demand IT, technology and infrastructure services to tenants. essensys' platforms automate key tasks and processes and help flexible workspace providers deliver highly efficient, customer-centric workspace solutions and member experiences with enterprise class services.

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Elizabeth Jamisen Sandler
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	essensys PLC
b)	LEI	2138002MSI4WKYNOBS73
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Options over ordinary shares
	Identification code	GB00BJL1ZF49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			196.50 pence	25,445
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	30 January 2020
f)	Place of the transaction	Outside of trading venue

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

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Alexandra Katherine Notay
2	Reason for the notification
a)	Position/status	Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	essensys PLC
b)	LEI	2138002MSI4WKYNOBS73
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Options over ordinary shares
	Identification code	GB00BJL1ZF49
b)	Nature of the transaction	Grant of options
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			196.50 pence	25,445
d)	Aggregated information	N/A
	- Aggregated volume
	- Price
e)	Date of the transaction	30 January 2020
f)	Place of the transaction	Outside of trading venue

 

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