Dev Clever Holdings PLC - Tamworth, England-based software developer for immersive career guidance and consumer engagement experiences - Intrinsic Capital Jersey Ltd, a wholly owned subsidiary of Asimilar Group PLC subscribes for 20 million new Dev Clever shares at 10 pence each, investing GBP2 million. Asimilar says the agreement raises its Dev Clever stake to 40 million shares, or 8.1%. Both companies also say they are in talks to accelerate two remaining investment tranches, which Dev Clever says would involve a further 60 million shares. Asimilar says this is subject to the publication of a prospectus by Dev Clever.
Current Dev Clever stock price: 17.90p, down 9.4% Tuesday
Year-to-date change: up 17%
Current Asimilar stock price: 33.00p, down 4.4% Tuesday
Year-to-date change: up 8.2%
By Tom Waite; thomaslwaite@alliancenews.com
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