RE: IPO20 Jun 2019 16:40
IPO Document
https://devcleverholdingsplc.com/wp-content/uploads/2019/01/prospectus.pdf
Page 18 and here:
12.20 Lock-in agreements
Each of the Directors has undertaken to the Company, with effect from Admission, that, other than in
certain limited circumstances, they will not, and will procure that any associated party will not, dispose of
any interest they hold in the 251,250,000 Ordinary Shares held by them (representing, in aggregate, up to
68.69% of the Enlarged Share Capital) for a period of six months following Admission subject to certain
limited exceptions (such as disposals pursuant to a takeover of the Company, a court order or the death of
a Director).
In addition, Jarvis Investment Management Limited has undertaken to the Company, with effect from
Admission, that, other than in certain limited circumstances, it will not dispose of any interest it holds in the
Ordinary Shares held by it, for a period of 179 days from the date of issue
12.22 Warrant agreements
The Company has entered into warrant agreements (Warrant Agreements) with Syminex and Jarvis
Investment Management Limited. The Warrant Agreements are on substantially standard terms, and
conferring the right, conditional upon Admission, to subscribe for the number of Ordinary Shares at the
price and in the period set out in paragraph 4.10 of the Part VII. Any warrants not exercised during the
Exercise Period set out in the table above will lapse. Assuming exercise of all of the outstanding warrants
in full, the warrants represent up to additional 3.80% over the Enlarged Share Capital.
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