TIDMWEY TIDMWEY

RNS Number : 2950V

Wey Education PLC

13 April 2021

FORM 8 (OPD)

PUBLIC OPENING POSITION DISCLOSURE BY A PARTY TO AN OFFER

Rules 8.1 and 8.2 of the Takeover Code (the "Code")

   1.         KEY INFORMATION 
 
 (a) Full name of discloser:                                                                    Wey Education plc 
 (b) Owner or controller of interests and short positions disclosed, if different from 1(a):    N/A 
  The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), 
  settlor and beneficiaries must be named. 
                                                                                               ------------------ 
 (c) Name of offeror/offeree in relation to whose relevant securities this form relates:        Wey Education plc 
  Use a separate form for each offeror/offeree 
                                                                                               ------------------ 
 (d) Is the discloser the offeror or the offeree?                                               OFFEREE 
                                                                                               ------------------ 
 (e) Date position held:                                                                        12 April 2021 
  The latest practicable date prior to the disclosure 
                                                                                               ------------------ 
 (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect   N/A 
  of any other party to the offer? 
  If it is a cash offer or possible cash offer, state "N/A" 
                                                                                               ------------------ 
 
   2.         POSITIONS OF THE PARTY TO THE OFFER MAKING THE DISCLOSURE 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates

 
 Class of relevant security:                                                           Ordinary shares of 1p each 
                                                                                      Interests       Short positions 
                                                                                  ----------------  ------------------ 
                                                                                    Number     %       Number       % 
                                                                                  ---------  -----  ------------  ---- 
 (1) Relevant securities owned and/or controlled:                                    Nil      Nil        Nil       Nil 
                                                                                  ---------  -----  ------------  ---- 
 (2) Cash-settled derivatives:                                                       Nil      Nil        Nil       Nil 
                                                                                  ---------  -----  ------------  ---- 
 (3) Stock-settled derivatives (including options) and agreements to                 Nil      Nil        Nil       Nil 
 purchase/sell: 
                                                                                  ---------  -----  ------------  ---- 
                                                                                     Nil      Nil        Nil       Nil 
   TOTAL: 
                                                                                  ---------  -----  ------------  ---- 
 

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   (b)        Rights to subscribe for new securities 
 
 Class of relevant security in relation to which subscription right exists:    N/A 
 Details, including nature of the rights concerned and relevant percentages:   N/A 
                                                                              ---- 
 
   3.         POSITIONS OF PERSONS ACTING IN CONCERT WITH THE PARTY TO THE OFFER MAKING THE DISCLOSURE 
 
 Details of any interests, short positions and rights to subscribe (including directors' and 
  other employee options) of any person acting in concert with the party to the offer making 
  the disclosure: 
 
   a) Holdings of ordinary shares of 1p each in Wey Education plc and holdings of options over 
   ordinary shares in Wey Education plc by directors and their close relatives and related trusts 
    Name                            No. of ordinary   Percentage 
                                     shares held       of issued share 
                                                       capital 
    Jacqueline Daniell (CEO) and 
     her husband, Paul Daniell      10,316,490        7.38% 
                                   ----------------  ----------------- 
    Barrie Whipp                    500,000           0.36% 
                                   ----------------  ----------------- 
    John Bridges                    500,000           0.36% 
                                   ----------------  ----------------- 
    Anthony Knowles                 66,862            0.05% 
                                   ----------------  ----------------- 
    Barry Nichols-Grey              43,633            0.03% 
                                   ----------------  ----------------- 
    Esther Clark                    -                 - 
                                   ----------------  ----------------- 
    Sara de Freitas                 -                 - 
                                   ----------------  ----------------- 
    Annika Small                    -                 - 
                                   ----------------  ----------------- 
 
 
   b) Enterprise Management Incentive ("EMI") options held by directors of Wey Education plc 
   (and their close relatives and related trusts). 
 
    Director        Date of      Number        Exercise      First exercise   Last exercise 
                     grant        of options    price         date             date 
    Barry           12/06/2018   1,591,343     15.71 pence   12/06/2021       12/06/2028 
    Nichols-Grey 
                   -----------  ------------  ------------  ---------------  -------------- 
    Anthony         12/06/2018   1,591,343     15.71 pence   12/06/2021       12/06/2028 
    Knowles 
                   -----------  ------------  ------------  ---------------  -------------- 
    Sara de         17/11/2020   250,000       23.90 pence   17/11/2023       17/11/2030 
    Freitas 
                   -----------  ------------  ------------  ---------------  -------------- 
    Esther Clark    17/11/2020   250,000       23.90 pence   17/11/2023       17/11/2030 
                   -----------  ------------  ------------  ---------------  -------------- 
 
 
   c) Unapproved share options held by directors of Wey Education plc (and their close relatives 
   and related trusts). 
    Director        Date of      Number        Exercise      First exercise   Last exercise 
                     grant        of options    price         date             date 
    Barry           10/05/2018   1,500,000     16.70 pence   10/05/2021       10/05/2028 
    Nichols-Grey 
                   -----------  ------------  ------------  ---------------  -------------- 
    Anthony         23/05/2018   1,500,000     16.70 pence   23/05/2021       23/05/2028 
    Knowles 
                   -----------  ------------  ------------  ---------------  -------------- 
 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).

   4.         OTHER INFORMATION 
   (a)        Indemnity and other dealing arrangements 
 
 Details of any indemnity or option arrangement, or any agreement or understanding, formal 
  or informal, relating to relevant securities which may be an inducement to deal or refrain 
  from dealing entered into by the party to the offer making the disclosure or any person acting 
  in concert with it: 
  Irrevocable commitments and letters of intent should not be included. If there are no such 
  agreements, arrangements or understandings, state "none" 
 
   None 
 
   (b)        Agreements, arrangements or understandings relating to options or derivatives 
 
 Details of any agreement, arrangement or understanding, formal or informal, between the party 
  to the offer making the disclosure, or any person acting in concert with it, and any other 
  person relating to: 
  (i) the voting rights of any relevant securities under any option; or 
  (ii) the voting rights or future acquisition or disposal of any relevant securities to which 
  any derivative is referenced: 
  If there are no such agreements, arrangements or understandings, state "none" 
 
   None 
 
   (c)        Attachments 

Are any Supplemental Forms attached?

 
 Supplemental Form 8 (Open Positions)   NO 
 Supplemental Form 8 (SBL)              NO 
                                       --- 
 
 
 Date of disclosure:    13 April 2021 
 Contact name:          Barry Nichols-Grey 
                       --------------------- 
 Telephone number:      +44 (0) 1873 813 900 
                       --------------------- 
 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

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April 13, 2021 05:30 ET (09:30 GMT)

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