Wey Education PLC Exercise of Options (5749C)

TIDMWEY

RNS Number : 5749C

Wey Education PLC

18 April 2017

18 April 2017

WEY EDUCATION PLC

("Wey" or "the Company")

Exercise of Options

The Company has received notification that Mr Tom Scott, a former director, has exercised options over 1,400,000 ordinary shares in the share capital of the Company ("the Option Shares"), granted in February 2015 at a price of GBP0.045. The exercise of the Option Shares amounts, in aggregate, to a cash value of GBP63,000.

Mr Scott retains 200,000 options at an exercise price of GBP0.045 subject to conditions including that the Company share price is at least 12.5p. The options expire on 12 February 2025 but cannot be exercised before 13 February 2018.

Application will be made for the 1,400,000 new ordinary shares to be admitted to trading on AIM, which is expected to take place on 24 April 2017. The new ordinary shares will rank pari pasu with the existing ordinary shares in issue.

Total Voting Rights

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 100,876,568 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 100,876,568.

 
 Enquiries: 
 Wey Education plc 
                                      [phone] 
 David Massie (Chairman)                         9700 
                                     [phone] 
                                                  958 
 
 WH Ireland Limited 
  (Nominated Adviser and Broker) 
 Mike Coe / Ed Allsopp (Corporate     [phone] 
  Finance)                                       3470 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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April 18, 2017 04:43 ET (08:43 GMT)