to be effected by means of a Scheme of Arrangement under Part 26 of the Companies Act 2006
Summary
The boards of Inspired Education Online Limited ("Bidco") (the "Bidco Board" or the "Bidco Directors") and Wey Education plc ("Wey Education") (the "Wey Education Board" or the "Wey Education Directors") are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition by Bidco, to acquire the entire issued and to be issued ordinary share capital of Wey Education (the "Acquisition"). The Acquisition is intended to be effected by means of a court-sanctioned scheme of arrangement between Wey Education and the Wey Education Shareholders under Part 26 of the Companies Act (the "Scheme") (or, if Bidco elects, with the consent of the Panel, by way of a Takeover Offer).