11th Apr 2019 16:03
11 April 2019
WEY EDUCATION PLC
("Wey Education" or the "Company")
Termination of potential acquisition
On 4 February 2019, Wey Education announced that it was in the process of finalising Heads of Terms to acquire a small (turnover c£0.5m) UK online education business focused on Business to Business provision of online education.
Subsequent to this announcement, and because of further information gained during the due diligence process, the Company has decided not to proceed with the acquisition and has terminated negotiations.
Enquiries:
Wey Education Plc
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)
Mike Coe / Chris Savidge (Corporate Finance) +44 (0) 117 945 3470
Related Shares:
WEY.L