Wey Education PLC Issue of EMI Options (1807R)
June 13 2018 - 1:01AM
UK Regulatory
TIDMWEY
RNS Number : 1807R
Wey Education PLC
13 June 2018
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
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2 Reason for the notification
-----------------------------------------------------------------------------------------------
a) Position/status Company Secretary
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b) Initial notification/ Amendment Initial Notification
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3 Details of the issuer, emission allowance market participant, auction platform, auctioneer
or auction monitor
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a) Name Wey Education plc
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b) LEI 2138009M9659SXKA3I32
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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 Ordinary shares of 1p each
Identification code
GB00B54NKM12
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b) Nature of the transaction Grant of options
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c) Price(s) and volume(s) Price(s) Volume(s)
n/a 1,591,343
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 1,591,343
n/a
* Price
----------------------------------------------------------------- ----------------------------
e) Date of the transaction 12 June 2018
----------------------------------------------------------------- ----------------------------
f) Place of the transaction Off market
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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 Ordinary shares of 1p each
Identification code
GB00B54NKM12
----------------------------------------------------------------- ----------------------------
b) Nature of the transaction Grant of options
----------------------------------------------------------------- ----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
n/a 1,591,343
----------
----------------------------------------------------------------- ----------------------------
d) Aggregated information
* Aggregated volume 1,591,343
n/a
* Price
----------------------------------------------------------------- ----------------------------
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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