Wey Education PLC Company Update (8666J)
2018年4月5日 - 3:00PM
RNSを含む英国規制内ニュース (英語)
TIDMWEY
RNS Number : 8666J
Wey Education PLC
05 April 2018
5 April 2018
WEY EDUCATION PLC
("Wey Education or the "Company")
Company Update
-- Appointment of new Company Secretary and Finance Director Designate
-- Interim Results date
-- Progress with Academy 21 acquisition
-- Investor Evening
Appointment of new Company Secretary and Finance Director
Designate
As previously announced, Barry Nichols-Grey is to be appointed
Company Secretary and Finance Director Designate of the Company and
he takes up his appointment today.
Barry is a Chartered Accountant who qualified at PWC. He
previously worked for the FSA in London and joins us from his
position as Finance Director of Dezrez Services Limited, a provider
of Cloud based software.
Interim Results Date
Wey expects to publish its interim results for the six months to
28 February 2018 on 8 May 2018.
With the interim results, Wey will give an update on the
encouraging progress being made on the various initiatives
previously announced including international expansion, but in the
meanwhile, gives the following brief update on progress with its
recent acquisition.
Acquisition of Academy 21 Limited ("A21")
The acquisition of A21 occurred on 22 December 2017, during the
Christmas break for teaching. Since then, Wey has:
1. Closed A21's administrative headquarters in Stevenage.
2. Rationalised A21's general management and absorbed it into Wey's existing structure.
3. Brought A21's accounting inhouse within Wey.
4. Merged the A21 and the Company's B2B marketing teams.
5. Met with A21 staff and subsequently had the majority of A21
teaching staff attend Wey's "all teacher" conference in
February.
Initial indications are that the merger has been well received
with A21's customers attracted to the wider product range of the
enlarged group.
Wey staff have already made initial sales of A21 products and
management accounts to 28 February 2018 suggest A21's turnover is
running ahead of the same time 2016/17.
Investor Evening
The Company intends to hold another investor evening around its
interim results date and will make a further announcement in the
near future with details of the event.
Enquiries:
Wey Education Plc
David Massie (Chairman) Tel: +44 (0) 207 518
9700
+44 (0) 778 595 7958
WH Ireland Limited
Mike Coe/Ed Allsopp (Corporate Tel: +44 (0) 117 945
Finance) 3470
This information is provided by RNS
The company news service from the London Stock Exchange
END
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April 05, 2018 02:00 ET (06:00 GMT)
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