8th Jul 2019 07:00
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:
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Wey Education Plc |
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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) |
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Mike Coe / Chris Savidge (Corporate Finance) | +44 (0) 117 945 3470 |
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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 Identification code | Ordinary shares of 1 pence each
ISIN: GB00B54NKM12 | ||||
b) | Nature of the transactions | Exercise of options | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
500,000 £20,000 | ||||
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
Identification code | Ordinary shares of 1p each
GB00B54NKM12 | ||||
b) | Nature of the transaction | Purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
220,000 £19,690 | ||||
e) | Date of the transaction | 4 July 2019 | ||||
f) | Place of the transaction | London Stock Exchange, AIM | ||||
Related Shares:
WEY.L