23 May 2018 07:00
23 May 2018
WEY EDUCATION PLC
("Wey Education or the "Company")
Appointment of Executive Director
PDMR - Issue of Options
Wey Education (AIM: WEY), the educational services group, announces that it has appointed Tony Knowles as Executive Director of Human Resources. Tony joined Wey on 15 May 2018 and he will head up the Company's human resource function.
Tony is a member of the CIPD and has held director level roles since 1996. He joins Wey Education from his position of Human Resources/Business Support Director of Veezu Holdings Limited, a private hire company based in Wales.
The following details in relation to the appointment of Anthony Gilbert Knowles, aged 53, are disclosed in accordance with Schedule 2(g) of the AIM Rules:
Current directorships | Past directorships held within the last five years |
None | Abbey Taxis Limited |
Bristol Streamline Black and White Taxis Limited | |
V Cars Limited | |
Veezu Holdings Limited |
In accordance with his employment contract the Company has granted unapproved share options to Mr Knowles over 1,500,000 ordinary shares in the capital of the Company at an option price of 16.7 pence per share. The options are subject to various performance conditions and save in the event of a change of control of the Company, cannot be exercised before 20 May 2021.
There are no other disclosures in accordance with Schedule 2(g) of the AIM Rules.
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
| Tony Knowles | ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Executive 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
|
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 | 21 May 2018 | ||||
f)
| Place of the transaction | Outside of a trading venue | ||||
WEY.L (WEY)