NOT 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 THAT JURISDICTION.

FOR IMMEDIATE RELEASE.

11 May 2026

essensys plc

Proposed cancellation of admission to trading on AIM

essensys plc (AIM: EYS) ("essensys", the "Company" and together with its subsidiary undertakings, the "Group"), announces that, further to the announcement made on 8 May 2026 by essensys Bidco Limited ("Bidco") that the Offer had become unconditional, it has made an application to the London Stock Exchange for the proposed cancellation of the admission to trading of the Company's ordinary shares on AIM (the "Cancellation"), in accordance with Rule 41 of the AIM Rules.

Under the AIM Rules, the Cancellation can only take place after the expiry of a period of 20 business days from the date on which notice of the Cancellation is given. It is therefore expected that the Cancellation will occur at 7.00 a.m on 10 June 2026.

Following the Cancellation becoming effective and the essensys Shares ceasing to be admitted to trading on AIM, essensys Shareholders who have not accepted the Offer will own shares in an unquoted company and, accordingly, will not benefit from the protections under the AIM Rules that were afforded to them whilst essensys was so admitted.

The Offer will remain open for acceptance until further notice. At least 14 days' notice will be given by an announcement before the Offer is closed. Subject to giving at least 14 days' notice, Bidco can close the Offer at any point, following which essensys Shareholders who have not accepted the Offer will be unable to accept the Offer.

essensys has been informed that Bidco intends, promptly following Cancellation, to procure that essensys shall be re-registered as a private limited company. essensys has also been informed that Bidco does not intend to put in place a matched bargain facility upon which essensys Shares can be traded.  The re-registration of essensys as a private limited company will require the approval of essensys shareholders in general meeting.  Accordingly, a circular, containing further details of, among other things, the re-registration and convening the general meeting in order to pass the relevant resolutions (the "Circular"), is expected to be despatched to essensys Shareholders shortly and the Circular, once published, will be available on the Company's website at www.essensys.tech/investors//.  A further announcement will be made in due course.

The cancellation of trading in essensys Shares on AIM will significantly reduce the liquidity and marketability of any essensys Shares in respect of which the Offer has not been accepted at that time. Any remaining essensys Shareholders will become minority shareholders in a majority controlled private limited company and may therefore be unable to sell their essensys Shares. There can be no certainty that essensys will pay any further dividends or other distributions or that such minority essensys Shareholders will again be offered an opportunity to sell their essensys Shares on terms which are equivalent to or no less advantageous than those under the Offer.

Capitalised terms and expressions used but not defined in this announcement have the same meanings as given to them in the offer document published by Bidco and dated 9 March 2026.

-Ends-

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About essensys plc 

essensys is the leading provider of software and technology to landlords and flexible workspace operators. Founded in 2006 and listed on the AIM market since 2019, essensys' mission is to power the world's largest community of flexible, technology-driven spaces. Under new leadership, the Company has simplified its go-to-market strategy around two core offerings: essensys Platform and elumo.  

essensys Platform is a SaaS platform that delivers enterprise-grade Wi-Fi seamlessly across portfolios of multi-tenant workspaces, while providing data insights to optimise performance. The Group's latest offering, elumo, provides customers with a new way to manage and monetise bookable spaces. The integrated bookings and access solution transforms meeting rooms and shared spaces from operational headaches into revenue-generating assets.

With customers in the UK, Europe, North America and APAC, essensys is deploying a newly launched and simplified go-to-market strategy, positioning the business long-term growth in the flexible workspace and commercial real estate market.