24 Jan 2020 07:01
24 January 2020
Dev Clever Holdings plc
("Company")
Grant of Share Options
Dev Clever Holdings plc (DEV) a leading developer of consumer engagement solutions and career development platforms, announces that on 22 January 2020 it awarded to Tim Heaton, the Company's Chief Operating Officer, options ("Options") to acquire 4,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares").
The Options are exercisable at the closing mid-market price of Ordinary Shares on 21 January 2020, being 1.2 pence per Ordinary Share.
One third of the Options are 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. The Options expire on 22 January 2030 if not exercised.
In aggregate, the 4,000,000 Options granted to Tim Heaton represent approximately 0.93 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 21,292,818, representing 4.93 per cent. of the Company's issued share capital.
ENQUIRIES:
Dev Clever Holdings plc | |
Christopher JeffriesChief Executive Officer and Executive ChairmanNicholas YdlibiFinance Director | +44 (0) 845 459 0774 +44 (0) 330 058 2922
|
Novum Securities Limited - Joint BrokerColin Rowbury |
+44 (0) 20 7399 9400 |
Pello Capital - Joint Broker Daniel Gee
|
+44 (0) 203 700 2534 |
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
1. | Details of the person discharging managerial responsibilities / person closely associated | |||||
a) | Name | Tim Heaton | ||||
2. | Reason for the Notification | |||||
a) | Position/status | Person discharging managerial responsibilities (Chief Operating Officer) | ||||
b) | Initial notification / Amendment | Initial notification | ||||
3. | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | |||||
a) | Name | Dev Clever Holdings plc | ||||
b) | LEI | 2138006G7ZHS9SD8XY62
| ||||
4. | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | |||||
a) | Description of the Financial instrument, type of instrument | Options over ordinary shares of 1p each | ||||
Identification Code | ISIN: GB00BH452L44 | |||||
b) | Nature of the transaction | Grant of options | ||||
c) | Price(s) and volume(s) |
| ||||
d) | Aggregated information: ·; Aggregated volume ·; Price |
N/A | ||||
e) | Date of the transaction | 22 January 2020 | ||||
f) | Place of the Transaction | Outside a trading venue | ||||
- ANNOUNCEMENT ENDS -