TIDMWEY
RNS Number : 6166Z
Wey Education PLC
24 May 2021
24 May 2021
WEY EDUCATION PLC
("Wey Education" or the "Company")
Exercise of Options
The Company announces that employees have exercised options over
5,325,371 and 3,000,000 ordinary shares of 1 pence each ("Ordinary
Shares") in the share capital of the Company pursuant to the EMI
option scheme and Unapproved option scheme, respectively (the
"Option Exercise").
Application has been made for the 8,325,371 new Ordinary Shares
to be admitted to trading on AIM, which is expected to take place
on 25 May 2021. The new Ordinary Shares will rank, pari pasu, with
the existing Ordinary Shares in issue.
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 148,183,842
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 148,183,842 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.
As a result of the increase in the issued share capital of the
Company due to the Option Exercise, Jacqueline Daniell's (Chief
Executive Officer) shareholding, in conjunction with Mr Paul
Daniell, has reduced as a percentage of the total issued share
capital of the Company from 7.38% to 6.96%.
Included in the employees who have exercised their options are
the following directors/ PDMR's.
Barry Nichols-Grey has exercised 1,591,343 options pursuant to
the Wey Education EMI Option Scheme. The options were granted in
June 2018 at a price of 15.71 pence per share.
Barry Nichols-Grey has also exercised 1,500,000 options pursuant
to an Unapproved Option Scheme. The options were granted in May
2018 at a price of 16.70 pence per share.
Tony Knowles has exercised 1,591,343 options pursuant to the Wey
Education EMI Option Scheme. The options were granted in June 2018
at a price of 15.71 pence per share.
Tony Knowles has also exercised 1,500,000 options pursuant to an
Unapproved Option Scheme. The options were granted in May 2018 at a
price of 16.70 pence per share.
Esther Clarke has exercised 250,000 options pursuant to the Wey
Education EMI Option Scheme. The options were granted in June 2018
at a price of 23.9 pence per share.
Sara de Freitas has exercised 233,333 options pursuant to the
Wey Education EMI Option Scheme. The options were granted in June
2018 at a price of 23.9 pence per share.
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 Barry Nichols-Grey
--------------------------- ------------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
--------------------------- ------------------------------------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument ISIN: GB00B54NKM12
Identification code
--------------------------- ------------------------------------------------------------------------
b) Nature of the transactions Exercise of options
--------------------------- ------------------------------------------------------------------------
c) Price(s) and volume(s) Options Price(s) Volume(s)
EMI 15.71p 1,591,343
Unapproved 16.7p 1,500,000
-------------------- ----------------------
--------------------------- ------------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 3,091,343
GBP500,500
* Price
--------------------------- ------------------------------------------------------------------------
e) Date of the transaction 24 May 2021
--------------------------- ------------------------------------------------------------------------
f) Place of the transaction Off market
--------------------------- ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Tony Knowles
--------------------------- ------------------------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
--------------------------- ------------------------------------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument ISIN: GB00B54NKM12
Identification code
--------------------------- ------------------------------------------------------------------------
b) Nature of the transactions Exercise of options
--------------------------- ------------------------------------------------------------------------
c) Price(s) and volume(s) Options Price(s) Volume(s)
EMI 15.71p 1,591,343
Unapproved 16.7p 1,500,000
-------------------- ----------------------
--------------------------- ------------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 3,091,343
GBP500,500
* Price
--------------------------- ------------------------------------------------------------------------
e) Date of the transaction 24 May 2021
--------------------------- ------------------------------------------------------------------------
f) Place of the transaction Off market
--------------------------- ------------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Esther Clarke
--------------------------- -------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
--------------------------- -------------------------------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument ISIN: GB00B54NKM12
Identification code
--------------------------- -------------------------------------------------------------------
b) Nature of the transactions Exercise of options
--------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s) Options Price(s) Volume(s)
EMI 23.9p 250,000
-------------------- ---------------------
--------------------------- -------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 250,000
GBP59,750
* Price
--------------------------- -------------------------------------------------------------------
e) Date of the transaction 24 May 2021
--------------------------- -------------------------------------------------------------------
f) Place of the transaction Off market
--------------------------- -------------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Sara de Freitas
--------------------------- -------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------
a) Position/status Director/PDMR
--------------------------- -------------------------------------------------------------------
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 Ordinary shares of 1 pence each
financial instrument,
type of instrument ISIN: GB00B54NKM12
Identification code
--------------------------- -------------------------------------------------------------------
b) Nature of the transactions Exercise of options
--------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s) Options Price(s) Volume(s)
EMI 23.9p 233,333
-------------------- ---------------------
--------------------------- -------------------------------------------------------------------
d) Aggregated information
* Aggregated volume 233,333
GBP55,767
* Price
--------------------------- -------------------------------------------------------------------
e) Date of the transaction 24 May 2021
--------------------------- -------------------------------------------------------------------
f) Place of the transaction Off market
--------------------------- -------------------------------------------------------------------
Enquiries:
Wey Education
+44 (0) 77 7836
7999 +44 (0) 77
Barrie Whipp 3060 8766
Barry Nichols-Grey +44 (0) 75 1587
Jacqueline Daniell 8389
WH Ireland
(Financial Adviser, Nominated Adviser +44 (0) 20 7220
and Broker to Wey Education) 1666
James Joyce
Chris Savidge
James Sinclair-Ford
Alma PR
(Public Relations adviser to Wey Education)
+44 (0) 7780 901
Josh Royston 979
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END
IOEBDGDUUDDDGBS
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