Wey Education Plc

Achieve

Outstanding Progress And Outstanding Results

About Wey Education

Wey Education plc is the AIM listed holding company of an educational group providing services online worldwide.

Using state of the art digital technology, Wey operates two main divisions –InterHigh, a non-selective fee paying secondary school, established in 2005 and a pioneer in online education, and a B2B division serving other educational companies and schools – Wey ecademy. Wey also has two developing schools – an online language school teaching English as a Foreign Language, Quoralexis and a premium fee paying online school offering a selective education, Infinity Education.

With a 12 year track record, Wey is the UK’s leading company in this sector and has successfully educated thousands of students over its history. Although “for profit”, Wey is conscious that its services directly affect the lives of its pupils and students and therefore strives to ensure they achieve outstanding progress and outstanding results.

We can help you achieve higher standards of education for pupils, school and parents

Our People

David L Massie (Executive Chairman)

David has over thirty years’ experience in financial services; as well as his advisory work, has acted as Chairman of a number of publicly quoted and privately owned companies.

He has worked throughout Europe and North and South America and has been ranked as one of the “Outstanding Chairmen in the United Kingdom” in relation to his non-executive roles.

David is Chairman and CEO of IAF Capital Limited, a corporate finance and investment management firm, authorised and regulated by the Financial Conduct Authority. David acts and has acted as advisor to the United Kingdom Government and several overseas governments.

Jacqueline Daniell (Executive director)

Jacqueline is one of the founders and was previously the Chief Executive of InterHigh whose roles have included overseeing enrolments, partnerships and new ventures.

Jacqui studied Architecture at Nottingham University, and later part time postgraduate degrees in Management at Glamorgan and Town and Country Planning at the University of West of England, Bristol, and spent most of her career working as a Project Manager on large building development projects. In 2005 she was involved in the design of InterHigh and then took on the administrative responsibilities of the school.

John Bridges (Non-executive director)

John Bridges has worked in the City for over fifty years. The majority of his first twenty years was in institutional stockbroking and the remainder in public company corporate finance.

Dame Erica Pienaar (Non-executive director)

Erica has had a long and distinguished career in education and was appointed a Dame for her services to education in the 2014 Queen’s birthday honours list.

Until her retirement in September 2013, she was Executive Head Teacher of the Leathersellers’ Federation of Schools. The Federation was established in September 2008 in Lewisham and comprises three Colleges: Prendergast-Hilly Fields College, Prendergast-Ladywell Fields College and Prendergast-Vale College. The federation is a “hard federation” led by a single governing body.

She began her career as a Science Teacher in 1973 and taught for 40 years in South East London. She was the Head Teacher of Prendergast School (Hilly Fields) from 1998 to 2008. At Crofton School (renamed Prendergast-Ladywell Fields College), Erica substantially improved the fortunes of the school which had been a struggling school with a falling student roll.

Barrie Whipp (Non-executive director)

Barrie is Executive Chairman of Crimson Tide Plc (AIM:TIDE) which he founded in 1996 and formulated the ideas behind the Group’s mpro5 solution in 2003.

Previously, he founded the financial services arm of Tiphook plc and was Group Managing Director of IAF Group Plc. He served as a non-executive director of Wills Group plc as well as a number of private companies.

Barrie has a particular interest in education, having served as a Governor of Frant Church of England Primary School for 8 years, latterly as Chair of Governors. He has an Honours degree in History from the Open University and currently studies online with the University of Derby.

Our Group

The main operating divisions are – InterHigh and Wey ecademy.

Visite website

InterHigh founded in 2005, has a 12 year track-record of delivering online schooling for UK based and international fee-paying pupils. Our virtual school offers pupils a fresh relationship with learning. From small beginnings the school now caters for approaching 1000 pupils between 10 and 19 years old, offering a wide range of IGCSE, A/S and A-Level subjects. It is a complete school with full academic, pastoral and enrichment programmes ensuring that the young men and women who join the school study successfully for their future career choices.

Visit website

Wey ecademy provides services and tuition to other education providers and schools both in the UK and overseas across a broad range of subjects and curricula. This can be teaching of individual subjects including iGCSE and A levels or specialist vocational courses. We also offer short term support for a young person with the aim of re-engaging them in their education and we can offer a more comprehensive longer term service depending on what is required.

The Group’s developing business are:

Visit website

Infinity Education is the UK’s leading premium online school offering a selective education. Our qualified specialist subject teachers use cutting edge technology to provide real time lessons in a wide range of subjects. Our pupils aim to achieve top grades at both GCSE and A Level and move on to study at leading universities in the UK and abroad. We offer a broad educational experience designed to equip our pupils with the confidence and the skills to succeed. Infinity Education provides the needs of the 21st Century teenager, helping them to achieve exceptional academic standards and outcomes.

View website

Quoralexis Learning delivers online English language provision to learners of EFL (English as a Foreign Language) and EAL (English as an Additional Language). We deal directly with other educational providers and institutions, both in the UK and overseas, to meet their individual and group teaching and learning requirements, by providing online English language classes for playgroups, kindergartens, primary schools, secondary schools, study-centres, colleges and universities. The B2B nature of our provision offers significant flexibility to the providers we work alongside, allowing them to offer a range of online English language courses at all levels and for all abilities.

Careers

With 12 years in the education industry, Wey Education prides itself on its quality of service and seeks excellence from all its employees.

We are always looking for highly exceptional, enthusiastic and dedicated candidates to join our group that have good technical and interpersonal skills.

We pay competitive salaries which reward employee progress and effort, this enables us to recruit and retain high-calibre individuals, so If you think Wey Education can benefit from your skill set please complete the form opposite.

Investors

The Board is responsible for the governance of the Company, governance being the systems and procedures by which the Company is directed and controlled. A prescribed set of rules does not itself determine good governance or stewardship of a company and, in fulfilling their responsibilities, the Directors believe that they govern the Company in the best interests of the shareholders, whilst having due regard to the interests of other ‘stakeholders’ in the Group including, in particular, customers, employees and creditors.

As an AIM company, Wey Education plc is not required to comply with the UK Corporate Governance Code (the ‘Code’) which applies only to fully listed UK companies and adherence to which requires the commitment of significant resources and cost. However high standards of Corporate Governance are a key priority of the Board and details of how the Company addresses key governance issues are set out in the Corporate Governance section of this website by reference to the 12 principles of Corporate Governance developed by the Quoted Companies Alliance.

This section of the website contains information required to be disclosed by AIM Rule 26 of the AIM Rules for Companies.

Business Description

A description of the business can be found at Our Group.

Company Directors

The names and brief biographical details of the directors are available at Our People.

Corporate Governance

A description of matters relating to Corporate Governance and the Board and Board Committees are included in the Corporate Governanance section.

Incorporation

Wey Education plc is a company incorporated in England and Wales with company number 06342555.  The main country of operation of the Company is England.

Constitutional Documents

The Company’s Memorandum and Articles of Association are available in the Reports section.

Shares in Issue

As at 21 November 2017 the Company has 126,695,764 shares in issue, of which 62.95% are not in public hands.

Significant Shareholders

As at 22 November 2017 the Company had been notified of the identity and percentage holdings of the Company’s significant shareholders as set out in the table below:

Shareholder Name (* Director)Number of Shares% Holding
Livingbridge VC LLP27,142,85621.42%
David L Massie*20,608,43016.27%
Miton Group18,386,97214.51%
Paul Daniell and Jacqueline Daniell*13,065,15710.31%
Unicorn AIM VCT plc9,772,7287.71%
Guiness Asset Management5,714,2864.87%
Killik and Co LLP3,906,0873.08%

There are no restrictions on the transfer of Wey Education’s AIM shares. The Company is not listed on any other exchanges or trading platforms.

All notifications made by the Company

All notifications are available in the Company Announcements section.

Admission Document

A copy of the Company’s Admission Document is available for download.

UK City Code on Takeovers and Mergers

The Company is subject to the UK City Code on Takeovers and Mergers.

RSS WEY – DirectorsTalk

  • Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) 16th November 2017
    Wey Education's David Massie discusses their recent placing, a possible acquisition, further areas of marketing and when to expect further news in this exclusive interview with DirectorsTalk This post Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) was first published on DirectorsTalk.
  • INTERVIEW: Wey Education Plc Fundraise and Possible acquisition 15th November 2017
    Wey Education Plc (LON:WEY) Chairman David Massie talks to DirectorsTalk about it’s recent fundraise and a possible acquisition. David expands on the fundraising, explains why the price was discounted and no open offer, what the funds will be used for, further areas of marketing, the types of marketing we can expect and what other news […]
  • Wey Education PLC Result of Placing 15th November 2017
    Further to the accelerated bookbuilding process announced earlier today, Wey Education PLC (LON:WEY) has announced that it has raised gross proceeds of £5 million through a significantly oversubscribed and scaled back placing (the “Placing”) with institutional and other investors of 22,727,273 new ordinary shares (the “New Ordinary Shares”) at a price of 22 pence per […]
  • Wey Education PLC ABB to raise £5m and possible acquisition 15th November 2017
    Wey Education plc (LON:WEY), the educational services group announced today its intention to conduct a placing of up to approximately 22,727,273 new ordinary shares of 1 pence each in the Company (the “Placing Shares”), at a price of 22 pence per Placing Share (the “Issue Price”), to raise up to approximately £5 million (before expenses) […]
  • Wey Education PLC Annual Report and Annual General Meeting 13th November 2017
    Wey Education PLC (LON:WEY) announces that it is today posting its Annual Report for the year ended 31 August 2017 to shareholders. A copy is now available on the company’s website www.weyeducation.com.  Wey Education also intends to hold its Annual General Meeting on Wednesday 10th January 2017 at 10:30am at a location in London to be confirmed. […]
  • Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) 2nd November 2017
    Wey Education's David Massie discusses their preliminary results in this exclusive interview with DirectorsTalk This post Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) was first published on DirectorsTalk.
  • INTERVIEW: Wey Education Plc Turnover up 60% and expected to grow significantly 31st October 2017
    Wey Education Plc (LON:WEY) Chairman, David Massie talks to DirectorsTalk about it’s prelim results. David talks us through the result highlights, the key drivers behind the 60% increase in turnover, momentum, hopes for the current year, redirecting Infinity to overseas markets, Quoralexis prospects, what we can expect in terms of increased marketing this year, adopting […]
  • Wey Education turnover increased 60%, maiden profit, continued growth 31st October 2017
    Wey Education plc (LON:WEY) the education group operating the UK’s only online fee paying secondary school, announced this morning the Group’s results for the year to 31 August 2017. HIGHLIGHTS: -- Turnover increased 60% to GBP2.4 million (2016: GBP1.5 million) -- Maiden Profit before tax of GBP17,630 (2016: loss GBP0.8 million) -- New Learning Platform […]
  • Wey Education PLC Student Success Story 29th September 2017
    Alec Christie from North Yorkshire joined InterHigh in 2011. He joined InterHigh because he had been having a hard time at high school with bullying and fitting into secondary school. His family had tried to emigrate to New Zealand but it did not work out and they returned to the UK after less than a […]
  • Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) 5th September 2017
    Wey Education's David Massie discusses their latest trading update for its year ending 31 August 2017 in this exclusive interview with DirectorsTalk This post Q&A with David Massie Chairman at Wey Education PLC (LON:WEY) was first published on DirectorsTalk.

Advisers

Company Name

Wey Education plc (incorporated in England & Wales)

Company Secretary

David L Massie

Registered Office

Third Floor
43-44 New Bond Street
Mayfair
London
W1S 2SA

+44 207 518 9700

Auditors

Shipleys LLP
10 Orange Street
Haymarket
London
WC2H 7QD

+44 207 312 0000

Registrars

Neville Registrars Limited
Neville House
18 Laurel Lane
Halesowen
West Midlands
B13 3DA

+44 121 585 1131

Nominated Advisor and Broker

W H Ireland
4 Colston Avenue,
Bristol,
BS1 4ST,
United Kingdom

+44 117 945 3420

Contact Us

For all enquiries please email us at info@weyeducation.com or write to us at:

Wey Education plc
Third Floor
43-44 New Bond Street
London
W1S 2SA

T: +44 207 518 9700