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Wey Education PLC (WEY)


Monday 15 July, 2013

Wey Education PLC

Notice of AGM & directorate change

RNS Number : 2652J
Wey Education PLC
15 July 2013

Wey Education Plc.


Announcement of AGM, Change of Chairman and further appointments to the Education Trust.


Wey Education Plc ("the Company") has given notice that its Annual General Meeting will be held on 13 August 2013 at 9.30 a.m. at 43-44 New Bond Street, Mayfair, London, W1S 2SA.


Chris Phillips, Wey's Non-Executive Chairman since its Admission to ISDX (formerly PLUS Markets) has informed the Board that he wishes to concentrate on his other business interests and therefore will not be offering himself for re-election at the forthcoming AGM.  David Massie, currently a Non-Executive Director and a substantial shareholder, has agreed to become Interim Chairman until a long term candidate is identified. The Board would like to thank Mr Phillips for his contribution since joining the Board, especially over the last few months when the Company has faced some significant challenges.


The Company continues to make progress with its ambition to become an independent advisor of services to academies and free schools. Active negotiations are underway with various interested parties and it is hoped that its first management contract will be gained during the last quarter of the calendar year. The Company's wholly owned subsidiary, Zail Enterprises Limited ("Zail"), remains an approved sponsor for academies and the Department for Education ("DfE") has confirmed that it will introduce Zail to a failing school looking for a sponsor when the appropriate opportunity arises.


The Company also announces that it has made further appointments to the Educational Trust that it established to participate in the government programme for academies and free schools. The Trust, previously known as the Third Millennium Education Trust, has now changed its name to Wey Education Schools Trust ("WEST") and following liaison with the DfE has adopted new articles appropriate to its future role.


WEST has strengthened its Board of Directors and Trustees with the appointment of Ms Erica Pienaar as Chair, Mr Brent Fitzpatrick and Ms Denise Yates as additional Directors and Trustees.




Erica Pienaar is the Executive Head Teacher of the Leathersellers' Federation of Schools. The Federation was established in September 2008 in Lewisham and comprises of 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 has taught for 40 years in South East London. She was the Head Teacher of Prendergast School (Hilly Fields) from 1998 to 2008. Prendergast Hilly Fields College was judged to be "Outstanding" in 2007.


Erica has recently served as a Non-Executive Director on the board of Partnership for Schools and as a governor on the board of James Allen Girls School (an independent school in Dulwich).


Brent Fitzpatrick MBE is a highly successful executive who has a distinguished track record in supporting educational improvement. He was awarded a MBE in 2012 for his services to education. Brent has been a school governor since 1972 and has served on a number of Education Review Boards and Forums.


Brent is currently Chair of Governors at a Primary Special School and Chair of their Finance Committee, Vice Chair at a Primary School and Chair of their Finance Committee, Vice Chair at an academy and Chair of their Finance Committee and governor at two primary schools which are going through the process of becoming academies.


Denise Yates is Chief Executive of Potential Plus UK. She has 27 years' experience in the education and training field, working with a variety of issues including ex-offenders, children with moderate learning difficulties and in inner city areas. Denise has also run a successful management consultancy company working with a range of different organisations in the public, private and not for profit sectors. A Cambridge economist, Denise is currently, amongst other things, Chair of GT Voice, a school governor, a Fellow of the RSA and a member of the Royal National Children's Foundation's Screening Committee



For further information please contact:


Wey Education plc                                                               

David Massie - Company Secretary            +44 (0) 20 7036 9700


WH Ireland Limited

John Wakefield  (Corporate Finance )        +44 (0) 117 945 3470





End of announcement.


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