Share Name Share Symbol Market Type Share ISIN Share Description
Wey Education plc NEX:WEY.GB NEX Ordinary Share GB00B54NKM12
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.43p -4.10% 10.07p 9.10p 11.60p 10.50p 10.07p 10.50p 6,191 08:34:04
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Wey Education PLC Termination of potential acquisition

11/04/2019 4:03pm

UK Regulatory (RNS & others)


Wey Education (NEX:WEY.GB)
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RNS Number : 9562V

Wey Education PLC

11 April 2019

11 April 2019

WEY EDUCATION PLC

("Wey Education" or the "Company")

Termination of potential acquisition

On 4 February 2019, Wey Education announced that it was in the process of finalising Heads of Terms to acquire a small (turnover cGBP0.5m) UK online education business focused on Business to Business provision of online education.

Subsequent to this announcement, and because of further information gained during the due diligence process, the Company has decided not to proceed with the acquisition and has terminated negotiations.

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)

   Mike Coe / Chris Savidge (Corporate Finance)          +44 (0) 117 945 3470 

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.

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April 11, 2019 11:03 ET (15:03 GMT)

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