1 November 2022
essensys plc
("essensys" or the "Company")
Publication of Audited Annual Report and Accounts
essensys plc (AIM:ESYS), the leading global provider of flexible workspace technology, announces that its audited Annual Report and Accounts for the year ended 31 July 2022 ("FY22") have been published. There has been no change to the FY22 financial information reported in the unaudited preliminary results of the Company which were announced on 18 October 2022.
Prior year adjustment
As part of the audit finalisation process, a prior year adjustment has been made to the financial statements which will impact the Company's opening net asset position. The accounts have been restated to incorporate the correct accounting treatment under IAS 12 - Income Taxes for the offset of deferred tax assets against deferred tax liabilities where the balances are relating to the same tax authority. The impact of the adjustment was to reduce the deferred taxation liability in FY21 by £485,000 and increase distributable reserves by the same amount.
Further details are included within the Annual Report and Accounts which are available on, and can be downloaded from, essensys' investor website at https://essensys.tech/investors/company-documents/ and will be sent to shareholders in due course. The Company will publish its notice of Annual General Meeting, which the Company plans to hold on 1 December 2022, in the coming weeks.
For further information, please contact:
| essensys plc |
| +44 (0)20 3102 5252 |
| Mark Furness, Chief Executive Officer |
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| Alan Pepper, Chief Operating Officer Sarah Harvey, Chief Financial Officer |
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| Singer Capital Markets (Nominated Adviser and Broker) |
| +44 (0)20 7496 3000 |
| Peter Steel / Harry Gooden / George Tzimas |
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| FTI Consulting |
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| Jamie Ricketts / Eve Kirmatzis / Talia Shirion / Victoria Caton |
| +44 (0)20 3727 1000 |
About essensys plc
essensys is the leading global provider of software and technology for flexible, digitally-enabled buildings, spaces and portfolios. As the intelligent digital backbone, essensys provides a powerful platform that simplifies the delivery and management of next generation, flexible commercial real estate.
The real estate industry is transforming - it must be flexible to changing market demands, to accommodate hybrid working styles, agile, move-in ready spaces and the delivery of on-demand digital services. The office sector is becoming an increasingly digital-first landscape - driven by end-user demand, delivering digitally enabled spaces is key to success. The essensys Platform has been designed and developed to help solve the complex operational challenges faced by landlords and flexible workspace operators as they grow and scale their operations. It helps our customers to deliver a simple, secure and scalable proposition, responding to changing occupier demands, providing seamless occupier experiences, and realising smart building and ESG ambitions.
Founded in 2006 and listed on the AIM market of the London Stock Exchange since 2019, essensys is active in the UK, Europe, North America and APAC.
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