Wey Education PLC Issue of EMI Options (1807R)

TIDMWEY

RNS Number : 1807R

Wey Education PLC

13 June 2018

WEY EDUCATION PLC

("Wey Education" or the "Company")

Director PDMR Shareholdings

Issue of EMI Options

Wey Education plc (AIM:WEY), the educational services group announces that on 12 June 2018 the Company granted 1,591,343 EMI share options ("Options") to Mr Barry Nichols-Grey, Company Secretary. The Company has also granted 1,591,343 Options to Mr Tony Knowles, HR Director. Both grants of options were in accordance with their Contracts of Employment.

Both grants of Options have an option exercise price of 15.7 pence each, representing the average of the closing middle market share price for the five business days prior to issue. The Options are subject to share price performance criteria in comparison with the AIM All-Share Index and save for in the event of a change of control of the Company, cannot be exercised before 12 June 2021.

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                                                               Barry Nichols-Grey 
     -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                    Company Secretary 
     -----------------------------------------------------------------  ---------------------------- 
 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 1p each 
 
       Identification code 
                                                                          GB00B54NKM12 
     -----------------------------------------------------------------  ---------------------------- 
 b)   Nature of the transaction                                          Grant of options 
     -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)    Volume(s) 
                                                                           n/a         1,591,343 
                                                                                      ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            1,591,343 
                                                                           n/a 
 
         *    Price 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            12 June 2018 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           Off market 
     -----------------------------------------------------------------  ---------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities/person closely associated 
 a)   Name                                                               Tony Knowles 
     -----------------------------------------------------------------  ---------------------------- 
 2    Reason for the notification 
     ----------------------------------------------------------------------------------------------- 
 a)   Position/status                                                    Director 
     -----------------------------------------------------------------  ---------------------------- 
 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 1p each 
 
       Identification code 
                                                                          GB00B54NKM12 
     -----------------------------------------------------------------  ---------------------------- 
 b)   Nature of the transaction                                          Grant of options 
     -----------------------------------------------------------------  ---------------------------- 
 c)   Price(s) and volume(s)                                              Price(s)    Volume(s) 
                                                                           n/a         1,591,343 
                                                                                      ---------- 
     -----------------------------------------------------------------  ---------------------------- 
 d)    Aggregated information 
         *    Aggregated volume                                            1,591,343 
                                                                           n/a 
 
         *    Price 
     -----------------------------------------------------------------  ---------------------------- 
 e)   Date of the transaction                                            12 June 2018 
     -----------------------------------------------------------------  ---------------------------- 
 f)   Place of the transaction                                           Off market 
     -----------------------------------------------------------------  ---------------------------- 
 

Enquiries:

   Wey Education Plc                                        [phone] 
   David Massie (Executive Chairman)              [phone] 

WH Ireland Limited

(Nominated Advisor and Broker)

   Mike Coe/Ed Allsopp (Corporate Finance)     [phone] 

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June 13, 2018 02:01 ET (06:01 GMT)