Wey Education PLC PDMR - Issue of Options (7288N)

TIDMWEY

RNS Number : 7288N

Wey Education PLC

11 May 2018

11 May 2018

WEY EDUCATION PLC

("Wey Education or the "Company")

PDMR - Issue of Options

Issue of Options

In accordance with his employment contract the Company has granted an unapproved share option to Mr Barry Nichols-Grey, Company Secretary over 1,500,000 Ordinary shares in the share capital of the Company at an option price of 16.7 pence per share representing the closing middle market price on 9 May 2018 being the last business day before the grant. The option is subject to various performance conditions and save in the event of a change of control of the Company, cannot be exercised before 7 May 2021.

Enquiries:

 
 Wey Education Plc 
 David Massie (Executive            Tel: [phone] 
  Chairman)                          9700 
                                             [phone] 
 WH Ireland Limited 
 Mike Coe/Ed Allsopp (Corporate     Tel: [phone] 
  Finance)                           3470 
 
 

The below notification 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                       Barry Nichols-Grey 
---  -------------------------  ------------------------------- 
 2    Reason for the notification 
---  ---------------------------------------------------------- 
 a)   Position/status            Company Secretary 
---  -------------------------  ------------------------------- 
 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               Options over Ordinary shares 
       instrument, type            of 1p each 
       of instrument 
 
       Identification              n/a 
       code 
---  -------------------------  ------------------------------- 
 b)   Nature of the              Grant of options 
       transaction 
---  -------------------------  ------------------------------- 
 c)   Price(s) and volume(s)       Option Price(s)   Volume(s) 
                                   ----------------  ---------- 
                                    16.7p             1,500,000 
                                   ----------------  ---------- 
---  -------------------------  ------------------------------- 
 d)   Aggregated information 
 
 
       - Aggregated volume         1,500,000 
 
 
       - Price                     GBP250,500 
---  -------------------------  ------------------------------- 
 e)   Date of the transaction    10 May 2018 
---  -------------------------  ------------------------------- 
 f)   Place of the transaction   London 
---  -------------------------  ------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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May 11, 2018 02:00 ET (06:00 GMT)