Termination of potential acquisition
11 April 2019
WEY EDUCATION PLC
("Wey Education" or the "Company")
Termination of potential acquisition
On 4 February 2019, Wey Education announced that it was in the process of finalising Heads of Terms to acquire a small (turnover c£0.5m) UK online education business focused on Business to Business provision of online education.
Subsequent to this announcement, and because of further information gained during the due diligence process, the Company has decided not to proceed with the acquisition and has terminated negotiations.
Enquiries:
Wey Education Plc
Barrie Whipp (Chairman) +44 (0) 7778 367 999
Barry Nichols-Grey (Executive Director - Finance) +44 (0) 1873 813 900
WH Ireland Limited
(Nominated Advisor and Broker)
Mike Coe / Chris Savidge (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 [email protected] or visit www.rns.com.