15 January 2021
WEY EDUCATION PLC
("Wey" or "the Company")
Exercise of Share Options
Director/PDMR Dealings
Total Voting Rights
The Company has received notification that Jacqueline Daniell, CEO, 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"). The options were granted in September 2016 at a price of 4.5 pence per share.
The company has been informed that Mrs. Daniell has agreed the sale of these 1,000,000 shares at a price of 35.5 pence per share.
Following this transaction, Mrs. Daniell's interest in the share capital of the Company, in conjunction with Mr. Paul Daniell, is 10,316,490 Ordinary Shares, representing 7.38 per cent of the Company's issued share capital.
Separately, the Company has received notification that an employee has exercised options over 43,810 ordinary shares of 1 pence each ("Ordinary Shares") in the share capital of the Company ("the Option Shares"). The options were granted in January 2017 at a price of 4.2225 pence per share.
Application has been made for the 1,043,810 new Ordinary Shares to be admitted to trading on AIM, which is expected to take place on 20 January 2021. The new Ordinary Shares will rank, pari pasu, with the existing Ordinary Shares in issue.
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 139,858,471 Ordinary Shares of 1 pence each. All Ordinary Shares shall have equal voting rights and none of the Ordinary Shares are held in treasury. Accordingly, the figure of 139,858,471 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure Guidance and Transparency Rules.
| 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/Chris Savidge (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 | Jacqueline Daniell | ||||
| 2 | Reason for the notification | |||||
| a) | Position/status | Director/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) |
| ||||
| d) | Aggregated information - Aggregated volume - Price |
1,000,000 £45,000 | ||||
| e) | Date of the transaction | 14 January 2021 | ||||
| f) | Place of the transaction | Off market | ||||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | |||||
| a) | Name | Jacqueline 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 £355,000 | ||||
| e) | Date of the transaction | 14 January 2021 | ||||
| f) | Place of the transaction | Off Market | ||||
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