Wey Education PLC Director/PDMR Shareholding (6995E)

TIDMWEY

RNS Number : 6995E

Wey Education PLC

08 July 2019

8 July 2019

WEY EDUCATION PLC

("Wey" or "the Company")

Director Dealing

Total Voting Rights

Wey Education plc, the online educational services group, has received notification that on 4 July 2019, Barrie Whipp, Chairman, bought 220,000 Ordinary shares at a price of 8.95p per share. The shares were acquired in Mr Whipp's SIPP.

Furthermore, Mr Whipp has exercised options over 500,000 Ordinary shares of 1 pence each ("Ordinary Shares") in the share capital of the Company ("the Option Shares"), granted in February 2016 each at a price of 4.0 pence.

Application has been made for the 500,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 11 July 2019. The new Ordinary Shares will rank, pari pasu, with the existing Ordinary Shares in issue.

Following these transactions Mr Whipp's interest in the share capital of the Company is 741,000 Ordinary Shares, representing 0.56 per cent. of the Company's issued share capital.

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 131,207,120 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 131,207,120.

 
 Enquiries: 
 
 Wey Education Plc 
 Barrie Whipp (Chairman)                    [phone] 
 Barry Nichols-Grey (Executive Director 
  - Finance)                                [phone] 
 
   WH Ireland Limited 
   (Nominated Advisor and Broker) 
 Mike Coe / Chris Savidge (Corporate 
  Finance)                                  [phone] 
 
 

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                                                          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                                    Exercise of options 
     ------------------------------------------------------------  ------------------------------------------------ 
 c)   Price(s) and volume(s)                                                     Price(s)                Volume(s) 
                                                                                 4. 0 pence                500,000 
                                                                                              --------------------- 
     ------------------------------------------------------------  ------------------------------------------------ 
 d)    Aggregated information 
         *    Aggregated volume                                       500,000 
                                                                      GBP20,000 
 
         *    Price 
     ------------------------------------------------------------  ------------------------------------------------ 
 e)   Date of the transaction                                       4 July 2019 
     ------------------------------------------------------------  ------------------------------------------------ 
 f)   Place of the transaction                                      Off market 
     ------------------------------------------------------------  ------------------------------------------------ 
 
 
 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 1p each 
 
       Identification code 
                                                                          GB00B54NKM12 
     -----------------------------------------------------------------  ---------------------------- 
 b)   Nature of the transaction                                          Purchase of shares 
     -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)      Volume(s) 
                                                                           8.95 pence    220,000 
                                                                                        ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            220,000 
                                                                           GBP19,690 
 
         *    Price 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            4 July 2019 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           London Stock Exchange, AIM 
     -----------------------------------------------------------------  ---------------------------- 
 

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July 08, 2019 02:00 ET (06:00 GMT)