18th Nov 2019 07:00
18 November 2019
WEY EDUCATION PLC
("Wey" or "the Company")
Exercise of Share Options
Director and PDMR Dealings
Total Voting Rights
The Company has received notification that Paul Daniell, a Director of Interhigh Education Limited, has exercised options over 1,000,000 ordinary shares of 1 pence each ("Ordinary Shares") in the share capital of the Company ("the Option Shares"), granted in September 2016 each at an exercise price of 4.5 pence each.
Application has been made for the 1,000,000 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 20 November 2019. The new Ordinary Shares will rank, pari pasu, with the existing Ordinary Shares in issue.
Mr Barrie Reginald John Whipp, Chairman, has agreed to purchase 250,000 of these shares and has agreed the purchase of the remaining 750,000 shares with a supportive shareholder. Mr. Daniell has therefore notified the Company that he has sold 1,000,000 Ordinary Shares at a price of 10.75 pence per share to these parties and Mr Whipp has notified the Company that he has purchased 250,000 shares into his SIPP at the same price.
Following this transaction Mr. Daniell's interest in the share capital of the Company, in conjunction with Mrs Jacqueline Daniell, CEO, is 13,066,490 Ordinary Shares, representing 9.51 per cent. of the Company's issued share capital.
Following his purchase, Mr Whipp's holding in the company increased to 991,000 shares, representing 0.72% of the issued share capital.
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 137,390,967 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 137,390,967.
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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James Joyce (Corporate Finance) | +44 (0) 20 7220 1666 |
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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 | Paul Daniell | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR | ||||
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 |
1,000,000 £45,000 | ||||
e) | Date of the transaction | 15 November 2019 | ||||
f) | Place of the transaction | Off market | ||||
1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
a) | Name | Paul Daniell | ||||
2 | Reason for the notification | |||||
a) | Position/status | PDMR | ||||
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 | Sale of shares | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information - Aggregated volume - Price |
1,000,000 £107,500 | ||||
e) | Date of the transaction | 15 November 2019 | ||||
f) | Place of the transaction | Off Market | ||||
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 | Purchase of shares | ||||
c) | Price(s) and volume(s) |
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d) | Aggregated information - Aggregated volume - Price |
250,000 £26,875 | ||||
e) | Date of the transaction | 15 November 2019 | ||||
f) | Place of the transaction | Off Market | ||||
Related Shares:
WEY.L