24 Jun 2020 15:31
24 June 2020
WEY EDUCATION PLC
("Wey Education" or the "Company")
Director/PDMR Shareholding
Wey Education (AIM: WEY), the educational services group, announces director dealings in the Company's shares.
Barrie Whipp, Chairman, has notified the Company that on 23 June 2020 his personal SIPP sold 491,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at an average price of 28.61 pence per Ordinary Share.
Following this transaction, further detailed below, Mr Whipp's interest in the share capital of the Company is now 500,000 Ordinary Shares, representing 0.36 per cent. of the Company's issued share capital.
Barrie Whipp commented, "WEY shares had become a significant part of my personal pension plan and in consultation with the fund manager we decided to reduce my holding. My direct non-SIPP holding in WEY remains unchanged".
The below notifications made 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 1p each
GB00B54NKM12
| ||||
b)
| Nature of the transaction
| Sale | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
491,000
£140,475.10 | ||||
e)
| Date of the transaction
| 23 June 2020 | ||||
f)
| Place of the transaction
| London Stock Exchange, AIM | ||||
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)
James Joyce/ Chris Savidge (Corporate Finance) +44 (0) 20 7220 1666