13 Jun 2018 07:00
WEY EDUCATION PLC
("Wey Education" or the "Company")
Director PDMR Shareholdings
Issue of EMI Options
Wey Education plc (AIM:WEY), the educational services group announces that on 12 June 2018 the Company granted 1,591,343 EMI share options ("Options") to Mr Barry Nichols-Grey, Company Secretary. The Company has also granted 1,591,343 Options to Mr Tony Knowles, HR Director. Both grants of options were in accordance with their Contracts of Employment.
Both grants of Options have an option exercise price of 15.7 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 share price performance criteria in comparison with the AIM All-Share Index and save for in the event of a change of control of the Company, cannot be exercised before 12 June 2021.
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 | Company Secretary | ||||
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 |
1,591,343 n/a | ||||
e) | Date of the transaction | 12 June 2018 | ||||
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 | ||||
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 |
1,591,343 n/a | ||||
e) | Date of the transaction | 12 June 2018 | ||||
f) | Place of the transaction | Off market | ||||
Enquiries:
Wey Education Plc +44 (0) 207 518 9700
David Massie (Executive Chairman) +44 (0)7785 957958
WH Ireland Limited
(Nominated Advisor and Broker)
Mike Coe/Ed Allsopp (Corporate Finance) +44 (0) 117 945 3470