Wey Education PLC Director/PDMR Shareholding (5923U)
26 Noviembre 2019 - 1:02AM
UK Regulatory
TIDMWEY
RNS Number : 5923U
Wey Education PLC
26 November 2019
26 November 2019
WEY EDUCATION PLC
("Wey" or "the Company")
Director Dealings
Following the Company's preliminary announcement and meetings
with existing and potential investors, the Company's broker
received indications of interest in share purchases from a number
of institutional investors. The Board believes that a wider spread
of supportive investors is beneficial for public companies in
general and consulted existing shareholders who held shares in
sufficient numbers as to whether they could assist in satisfying
this demand. Accordingly, the Company has received notification
that Jacqueline Daniell, CEO and Paul Daniell, a Director of
Interhigh Education Limited, a subsidiary company, have jointly
agreed the sale of 2,750,000 Ordinary Shares in the Company to an
institutional shareholder at a price of 11.25 pence per share.
Following these transactions Jacqueline and Paul Daniell's
interest in the share capital of the Company is 10,316,490 Ordinary
Shares, representing 7.5 per cent. of the Company's issued share
capital.
Comment
Barrie Whipp, Chairman, commented "I am delighted that we have
experienced strong institutional demand for our shares which has
enabled this transaction. I am encouraged that further
institutional shareholders are supportive of our strategy and the
Board is pleased that our shareholder base has been broadened."
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 Jacqueline & Paul Daniell
----------------------------- ----------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status PDMR
----------------------------- ----------------------------------------------
b) Initial notification/ Initial Notification
Amendment
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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 Ordinary shares of 1 pence each
instrument, type of
instrument ISIN: GB00B54NKM12
Identification code
----------------------------- ----------------------------------------------
b) Nature of the transactions Sale of shares
----------------------------- ----------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
11.25 pence 2,750,000
---------------------
----------------------------- ----------------------------------------------
d) Aggregated information
* Aggregated volume 2,750,000
GBP309,375
* Price
----------------------------- ----------------------------------------------
e) Date of the transaction 25 November 2019
----------------------------- ----------------------------------------------
f) Place of the transaction Off market
----------------------------- ----------------------------------------------
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
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END
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November 26, 2019 02:02 ET (07:02 GMT)
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