Corporate Action - IWEB5 Jan 2023 14:00
I have just received this Corporate Action on my IWEB ISA Share account - Think I will hold off doing anything until further news from DEV
DEV CLEVER HOLDINGS PLC - Important Information
Proposed Cancellation of Listing on the London Stock Exchange (LSE).
Important Information & Other Key Dates:
Dev Clever Holdings Plc (DCH) is proposing to cancel its listing on the Official List, and the admission of its Ordinary shares to trading on the London Stock Exchange's (LSE) Main Market for listed securities.
Subsequently, the Cancellation is expected to become effective on 18th January 2023.
You should be aware that if you have not sold or otherwise transferred your shares prior to the Cancellation of Listing, you will not be able to sell or otherwise deal in them on the LSE after that time.
If the Cancellation becomes effective, the DCH shares will no longer be listed on a Recognised Exchange and will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your DCH shares to your Share Dealing Account once the Cancellation becomes effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
The Directors intend to create and maintain a matched bargain settlement facility details of which are yet to be announced. Once the matched bargain facility has been arranged, details will be made available to shareholders on the Company's website at www.devcleverholdingsplc.com/
Regrettably we are unable to facilitate trades using the Company's matched bargain facility. Should you wish to use the Company's facility following the delisting, please refer to the DCH website or contact DCH for further information on the process.
Please be aware that you may be required to transfer your shares to a Broker that participates in Matched Bargain facilities.
Should you wish to withdraw your shares onto a certificate, please contact our call centre so that we can arrange for this to be done. If you wish to transfer your shares you will need to establish an arrangement with an alternative broker who will then arrange the transfer. Please note that normal charges will apply.
If you wish to transfer your shares you will need to establish an arrangement with an alternative broker who will then arrange the transfer.
Should you retain your holding of DCH, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation, please visit the DCH website, www.devcleverholdingsplc.com/