# Wey Education PLC Encouraging Start to Current Financial Year

- Link: https://www.directorstalkinterviews.com/wey-education-plc-encouraging-start-to-current-financial-year/412759263
- Published: 2018-10-01T07:18:10+01:00
- Author: Giles Arbor

**Wey Education Plc** (LON:WEY) the educational services group announced today an
update in relation to its proposed joint venture in China. The board had hoped to
conclude all matters to do with its proposed joint venture by the end of September.
Wey wishes to ensure that the arrangements in place for corporate governance and
financial reporting for the proposed JV in China are at a high standard, but the
necessary documentation is taking longer to complete than originally anticipated.

The delay is not expected to have any material effect on revenues or profits for
the current year given the internal budgets for the anticipated build-up of the 
operations this year.

A further announcement will be made when matters are concluded.

**Encouraging Start to Current Financial Year**

Wey confirms that it will release the Preliminary Announcement of its results for
the year to 31 August 2018 on Monday, 29th October 2018.

The Company is pleased to report that at this early stage of the new financial year
all business divisions are reporting an encouraging start. The Company has previously
stated that in addition to its international operations, its priority for the current
year is to drive growth in its traditional online school and B2B division. It is
pleased to note at this stage of the year, those divisions are reporting sales activity
materially ahead of the equivalent position at this time last year.

**Investor Evening in Cardiff**

Wey is also announces it will hold another of its popular evenings targeted at private
investors on Monday 22 October 2018 but this time in Cardiff. Although Wey’s registered
office is in London the vast majority of its administrative and senior leadership
operations are in Powys, Wales and the intention is to make it easier for private
investors based in Wales, whether shareholders or potential shareholders, to learn
more of the Company’s activities.

The event will be held at the Principal St David’s Hotel Cardiff, Havannah St, Cardiff
CF10 5SD, commencing at 6p.m. The formal presentation will be followed by an informal
session with drinks and canapes available.

To obtain an invitation, those wishing to attend should email info@wedu.co.uk giving:-

1. Your name and address; and

2. A contact telephone number.

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