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Exercise of Options

24 May 2021 13:26

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/ 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)

Options

Price(s)

Volume(s)

EMI

Unapproved

15.71p

16.7p

1,591,343

1,500,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

3,091,343

£500,500

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/ 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)

Options

Price(s)

Volume(s)

EMI

Unapproved

15.71p

16.7p

1,591,343

1,500,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

3,091,343

£500,500

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/ 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)

Options

Price(s)

Volume(s)

EMI

23.9p

250,000

 

d)

Aggregated information

- Aggregated volume

- Price

 

250,000

£59,750

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/ 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)

Options

Price(s)

Volume(s)

EMI

23.9p

233,333

 

d)

Aggregated information

- Aggregated volume

- Price

 

233,333

£55,767

e)

Date of the transaction

24 May 2021

f)

Place of the transaction

Off market

 

 

Enquiries:

Wey Education

Barrie Whipp

Barry Nichols-Grey

Jacqueline Daniell

+44 (0) 77 7836 7999 +44 (0) 77 3060 8766

+44 (0) 75 1587 8389

 

WH Ireland

(Financial Adviser, Nominated Adviser and Broker to Wey Education)

+44 (0) 20 7220 1666

 

James Joyce

Chris Savidge

James Sinclair-Ford

 

Alma PR

(Public Relations adviser to Wey Education)

 

Josh Royston

+44 (0) 7780 901 979

 

 

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END
 
 
IOEBDGDUUDDDGBS
Date   Source Headline
13th Apr 202110:10 amRNSForm 8.3 - WEY EDUCATION PLC
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1st Apr 202110:43 amRNSRecommended cash acquisition of Wey Education Plc
16th Feb 20214:41 pmRNSSecond Price Monitoring Extn
16th Feb 20214:35 pmRNSPrice Monitoring Extension
27th Jan 202110:36 amRNSHolding(s) in Company
26th Jan 20215:28 pmRNSHolding(s) in Company
22nd Jan 20217:00 amRNSHolding(s) in Company
21st Jan 20217:00 amRNSHolding(s) in Company
15th Jan 20217:00 amRNSExercise of Options
13th Jan 20217:00 amRNSTrading Update
8th Jan 20214:05 pmRNSExercise of Options
6th Jan 202110:56 amRNSExercise of Options
29th Dec 20202:06 pmRNSSecond Price Monitoring Extn
29th Dec 20202:01 pmRNSPrice Monitoring Extension
18th Dec 20203:46 pmRNSDirector appointments
18th Dec 20203:45 pmRNSResult of AGM
20th Nov 20202:24 pmRNSNotice of AGM
18th Nov 20202:31 pmRNSDirector/PDMR Shareholding - Issue of Options
10th Nov 202011:05 amRNSSecond Price Monitoring Extn
10th Nov 202011:01 amRNSPrice Monitoring Extension
10th Nov 20207:00 amRNSFinal Results
30th Sep 20207:00 amRNSExercise of Options
24th Jul 20208:27 amRNSHolding(s) in Company
17th Jul 20209:05 amRNSSecond Price Monitoring Extn
17th Jul 20209:00 amRNSPrice Monitoring Extension
17th Jul 20207:00 amRNSTrading Update
30th Jun 20203:25 pmRNSDirectorate Change
25th Jun 20209:59 amRNSDirector/PDMR Shareholding

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