Wey Education PLC Appointment of executive director (9493O)

TIDMWEY

RNS Number : 9493O

Wey Education PLC

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         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 instrument,         Options over ordinary shares of 1p 
       type of instrument            each 
 
       Identification code 
                                     n/a 
     ---------------------------  -------------------------------------- 
 b)   Nature of the transaction    Grant of options 
     ---------------------------  -------------------------------------- 
 c)   Price(s) and volume(s)         Option Price(s)   Volume(s) 
                                      16.7p             1,500,000 
                                                       ---------- 
     ---------------------------  -------------------------------------- 
 d)   Aggregated information 
 
       - Aggregated volume           1,500,000 
 
       - Price                       GBP250,500 
     ---------------------------  -------------------------------------- 
 e)   Date of the transaction      21 May 2018 
     ---------------------------  -------------------------------------- 
 f)   Place of the transaction     Outside of a trading venue 
     ---------------------------  --------------------------------------

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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