New RNS21 May 2020 11:39
https://uk.advfn.com/stock-market/london/DEV/share-news/Dev-Clever-Holdings-PLC-Director-PDMR-Shareholding/82508854?xref=newsalert
21 May 2020
Dev Clever Holdings plc
("Dev Clever" or "the Company")
Grant of Share Options
Dev Clever, a leading developer of mobile and immersive experiences, announces that on 20 May 2020 Tim Heaton, the Company's Chief Operating Officer, was granted options ("Options") to acquire 1,200,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares").
The Options, granted under the Company's EMI scheme, are exercisable at a price of 10 pence per Ordinary Share.
These options are subject to continuous employment; one third of the Options being exercisable on the first anniversary of grant, one third are exercisable on the second anniversary of grant; and one third are exercisable on the third anniversary of grant.
These options were agreed at the time of Mr Heaton's joining and have been awarded given his significant contribution to the commercialisation of the Company's products.
The Options expire on 20 May 2030 if not exercised.
In aggregate, Tim Heaton has been granted options over 5,200,000 Ordinary Shares, representing approximately 1.19 per cent of the current issued share capital of the Company.
Following the grant of the Options, the total number of Ordinary Shares outstanding under option arrangements is 25,144,751, representing 5.77 per cent of the Company's issued share capital.
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