Wey Education PLC Director/PDMR Shareholding (9765Q)

TIDMWEY

RNS Number : 9765Q

Wey Education PLC

24 June 2020

24 June 2020

WEY EDUCATION PLC

("Wey Education" or the "Company")

Director/PDMR Shareholding

Wey Education (AIM: WEY), the educational services group, announces director dealings in the Company's shares.

Barrie Whipp, Chairman, has notified the Company that on 23 June 2020 his personal SIPP sold 491,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an average price of 28.61 pence per Ordinary Share.

Following this transaction, further detailed below, Mr Whipp's interest in the share capital of the Company is now 500,000 Ordinary Shares, representing 0.36 per cent. of the Company's issued share capital.

Barrie Whipp commented, "WEY shares had become a significant part of my personal pension plan and in consultation with the fund manager we decided to reduce my holding. My direct non-SIPP holding in WEY remains unchanged".

The below notifications made 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             Initial Notification 
       /Amendment 
     -------------------------------  ---------------------------------- 
 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,             Ordinary shares of 1p each 
       type of instrument 
                                         GB00B54NKM12 
       Identification code 
     -------------------------------  ---------------------------------- 
 b)   Nature of the transaction        Sale 
     -------------------------------  ---------------------------------- 
 c)   Price(s) and volume(s)             Price(s)   Volume(s) 
                                          28.61p     491,000 
                                                    ---------- 
     -------------------------------  ---------------------------------- 
 d)   Aggregated information 
       - Aggregated volume 
 
                                         491,000 
       - Price 
                                         GBP140,475.10 
     -------------------------------  ---------------------------------- 
 e)   Date of the transaction          23 June 2020 
     -------------------------------  ---------------------------------- 
 f)   Place of the transaction         London Stock Exchange, AIM 
     -------------------------------  ---------------------------------- 
 

Enquiries:

Wey Education Plc

   Barrie Whipp (Chairman)                                               [phone] 
   Barry Nichols-Grey (Executive Director - Finance)     [phone] 

WH Ireland Limited

(Nominated Advisor and Broker)

   James Joyce/ Chris Savidge (Corporate Finance)        [phone] 

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June 24, 2020 10:31 ET (14:31 GMT)