18 Nov 2020 14:31
18 November 2020
WEY EDUCATION PLC
("Wey Education" or the "Company")
Director/PDMR - Issue of Share options
Wey Education (AIM: WEY), the educational services group, announces that on 17 November 2020 the company granted options over 250,000 ordinary shares in the company under the company's EMI share option scheme ("Options") to Dr Sara de Freitas, Director of Education. The Company has also granted 250,000 Options to Ms Esther Clark, Director of Marketing (Designate).
Both grants of Options have an option exercise price of 23.9 pence each, representing the average of the closing middle market share price for the five business days prior to issue. The options are subject to individual performance criteria and save in the event of a change of control of the Company, cannot be exercised before 17 November 2023.
The Company intends to appoint Ms Clark as a Director of the Company and proposes her appointment upon the conclusion of the Annual General Meeting.
The information below, set out in accordance with the requirements of the EU Market Abuse
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 | ||||
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
| Grant of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
250,000
n/a
| ||||
e)
| Date of the transaction
| 17 November 2020 | ||||
f)
| Place of the transaction
| Off market | ||||
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
|
Esther Clark | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Director of Marketing (Designate) | ||||
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
| Grant of options | ||||
c)
| Price(s) and volume(s)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
250,000
n/a
| ||||
e)
| Date of the transaction
| 17 November 2020 | ||||
f)
| Place of the transaction
| Off market | ||||
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