TIDMWEY

RNS Number : 6416T

Wey Education PLC

18 November 2019

18 November 2019

WEY EDUCATION PLC

("Wey" or "the Company")

Exercise of Share Options

Director and PDMR Dealings

Total Voting Rights

The Company has received notification that Paul Daniell, a Director of Interhigh Education Limited, has exercised options over 1,000,000 ordinary shares of 1 pence each ("Ordinary Shares") in the share capital of the Company ("the Option Shares"), granted in September 2016 each at an exercise price of 4.5 pence each.

Application has been made for the 1,000,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 20 November 2019. The new Ordinary Shares will rank, pari pasu, with the existing Ordinary Shares in issue.

Mr Barrie Reginald John Whipp, Chairman, has agreed to purchase 250,000 of these shares and has agreed the purchase of the remaining 750,000 shares with a supportive shareholder. Mr. Daniell has therefore notified the Company that he has sold 1,000,000 Ordinary Shares at a price of 10.75 pence per share to these parties and Mr Whipp has notified the Company that he has purchased 250,000 shares into his SIPP at the same price.

Following this transaction Mr. Daniell's interest in the share capital of the Company, in conjunction with Mrs Jacqueline Daniell, CEO, is 13,066,490 Ordinary Shares, representing 9.51 per cent. of the Company's issued share capital.

Following his purchase, Mr Whipp's holding in the company increased to 991,000 shares, representing 0.72% of the issued share capital.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the FCA, the Company confirms that, following this issue, its issued share capital will comprise 137,390,967 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. The total number of voting shares in the Company immediately following Admission will therefore be 137,390,967.

 
 Enquiries: 
 Wey Education Plc 
 Barrie Whipp (Chairman)                    +44 (0) 7778 367 999 
 Barry Nichols-Grey (Executive Director 
  - Finance)                                +44 (0) 1873 813 900 
  WH Ireland Limited 
   (Nominated Advisor and Broker) 
 James Joyce (Corporate Finance)            +44 (0) 20 7220 1666 
 
 

The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Paul Daniell 
     ------------------------------------------------------------  ----------------------------------------------- 
 2    Reason for the notification 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               PDMR 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
     ------------------------------------------------------------  ----------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     ------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Wey Education plc 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   LEI                                                           2138009M9659SXKA3I32 
     ------------------------------------------------------------  ----------------------------------------------- 
 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   Ordinary shares of 1 pence each 
       Identification code 
                                                                     ISIN: GB00B54NKM12 
     ------------------------------------------------------------  ----------------------------------------------- 
 b)   Nature of the transactions                                    Exercise of options 
     ------------------------------------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)                                                     Price(s)               Volume(s) 
                                                                                 4.5 pence               1,000,000 
                                                                                             --------------------- 
     ------------------------------------------------------------  ----------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       1,000,000 
                                                                      GBP45,000 
 
         *    Price 
     ------------------------------------------------------------  ----------------------------------------------- 
 e)   Date of the transaction                                       15 November 2019 
     ------------------------------------------------------------  ----------------------------------------------- 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  ----------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Paul Daniell 
     ------------------------------------------------------------  ------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               PDMR 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Wey Education plc 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   LEI                                                           2138009M9659SXKA3I32 
     ------------------------------------------------------------  ------------------------------------------------- 
 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   Ordinary shares of 1 pence each 
       Identification code 
                                                                     ISIN: GB00B54NKM12 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transactions                                    Sale of shares 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                                      Price(s)                Volume(s) 
                                                                                 10.75 pence               1,000,000 
                                                                                               --------------------- 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       1,000,000 
                                                                      GBP107,500 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       15 November 2019 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      Off Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                          Barrie Whipp 
     ------------------------------------------------------------  ------------------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Position/status                                               Chairman 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Initial notification/ Amendment                               Initial Notification 
     ------------------------------------------------------------  ------------------------------------------------- 
 3    Details of the issuer, emission allowance market participant, auction platform, auctioneer 
       or auction monitor 
     --------------------------------------------------------------------------------------------------------------- 
 a)   Name                                                          Wey Education plc 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   LEI                                                           2138009M9659SXKA3I32 
     ------------------------------------------------------------  ------------------------------------------------- 
 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   Ordinary shares of 1 pence each 
       Identification code 
                                                                     ISIN: GB00B54NKM12 
     ------------------------------------------------------------  ------------------------------------------------- 
 b)   Nature of the transactions                                    Purchase of shares 
     ------------------------------------------------------------  ------------------------------------------------- 
 c)   Price(s) and volume(s)                                                      Price(s)                Volume(s) 
                                                                                 10.75 pence                250,000 
                                                                                               --------------------- 
     ------------------------------------------------------------  ------------------------------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                       250,000 
                                                                      GBP26,875 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------- 
 e)   Date of the transaction                                       15 November 2019 
     ------------------------------------------------------------  ------------------------------------------------- 
 f)   Place of the transaction                                      Off Market 
     ------------------------------------------------------------  ------------------------------------------------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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November 18, 2019 02:00 ET (07:00 GMT)

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