11 May 2018 07:00
11 May 2018
WEY EDUCATION PLC
("Wey Education or the "Company")
PDMR - Issue of Options
Issue of Options
In accordance with his employment contract the Company has granted an unapproved share option to Mr Barry Nichols-Grey, Company Secretary over 1,500,000 Ordinary shares in the share capital of the Company at an option price of 16.7 pence per share representing the closing middle market price on 9 May 2018 being the last business day before the grant. The option is subject to various performance conditions and save in the event of a change of control of the Company, cannot be exercised before 7 May 2021.
Enquiries:
Wey Education Plc | ||
David Massie (Executive Chairman) | Tel: +44 (0) 207 518 9700 | |
+44 (0) 778 595 7958 | ||
WH Ireland Limited | ||
Mike Coe/Ed Allsopp (Corporate Finance) | Tel: +44 (0) 117 945 3470 | |
The below notification 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
| 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
|
Options over Ordinary shares of 1p each
n/a | ||||
b)
| Nature of the transaction
| Grant of options | ||||
c)
| Price(s) and volume(s) |
| ||||
d)
| Aggregated information
- Aggregated volume
- Price |
1,500,000
£250,500
| ||||
e)
| Date of the transaction | 10 May 2018 | ||||
f)
| Place of the transaction | London | ||||