Wey Education PLC Director/PDMR Shareholding and Senior Appointment (4520C)
January 22 2018 - 2:00AM
UK Regulatory
TIDMWEY
RNS Number : 4520C
Wey Education PLC
22 January 2018
22 January 2018
WEY EDUCATION PLC
("Wey Education" or the "Company")
Appointment of new Finance Director (Designate) and Company
Secretary
Update on Academy 21 acquisition and marketing campaign
Director/PDMR Shareholding
Wey Education (AIM: WEY), the educational services group,
announces that it is to appoint Barry Nichols-Grey as Finance
Director (Designate) and Company Secretary.
Barry is a Chartered Accountant who qualified at PWC. He
previously worked for the FSA in London and currently is the
Finance Director of Dezrez Services Limited, a provider of Cloud
based software.
Barry will be based in Wey Education's administrative centre in
Wales and will head up the Company's finance function as well as
becoming Company Secretary. Barry is expected to take up his
appointment in April 2018.
As previously reported the acquisition of Academy 21 Limited
("Academy 21") completed immediately before Christmas. Since the
start of the year the Company has merged the marketing team of
Academy 21 with Wey's B2B team, a programme has been put in place
to streamline accounting and billing and plans have been
established to transition pupils and teachers at Academy 21 to
Wey's state of the art learning platform over the summer. A further
update on progress with the acquisition will be given with Wey's
interim results.'
The company is still evaluating the response to its enhanced
marketing campaign which included last week's major advertising at
Waterloo Station. Given the long lead time for enrolments for
students into the 2018/19 academic year it is likely to be many
months before the impact can be fully assessed. The Company is
pleased to note separately that registrations to Interhigh for the
first two weeks of January were 40% higher than those for the
corresponding period in 2017.
Wey Education announces that John Bridges, a Non-Executive
Director, has notified the Company that on 17 January 2018 he sold
33,333 ordinary shares of 1 pence each in the Company ("Ordinary
Shares") at a price of 30.2 pence per Ordinary Share.
Following this transaction, further detailed below, Mr Bridges'
interest in the share capital of the Company is now 500,000
Ordinary Shares, representing 0.4 per cent. of the Company's issued
share capital.
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
John Bridges
--- ------------------------- -----------------------------
2 Reason for the notification
--- --------------------------------------------------------
a) Position/status Director
--- ------------------------- -----------------------------
b) Initial notification Initial Notification
/Amendment
--- ------------------------- -----------------------------
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 Ordinary shares of 1p each
instrument, type
of instrument GB00B54NKM12
Identification
code
--- ------------------------- -----------------------------
b) Nature of the Sale
transaction
--- ------------------------- -----------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
--------- ----------
30.2p 33,333
--------- ----------
--- ------------------------- -----------------------------
d) Aggregated information
- Aggregated volume 33,333
- Price GBP10,066.56
--- ------------------------- -----------------------------
e) Date of the transaction 17 January 2018
--- ------------------------- -----------------------------
f) Place of the transaction London Stock Exchange, AIM
--- ------------------------- -----------------------------
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 company news service from the London Stock Exchange
END
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