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21 May 2020 10:30
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.
-Ends-
Dev Clever Holdings plc Christopher Jeffries Chief Executive Officer and Executive Chairman
Nicholas YdlibiChief Financial Officer | +44 (0) 330 058 2922 |
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Novum Securities Limited - Joint Broker Colin Rowbury | +44 (0) 20 7399 9400 |
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Pello Capital - Joint Broker Daniel Gee | +44 (0) 203 700 2534 |
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Buchanan Communications Richard Oldworth / Chris Lane | +44 (0) 207 466 5105 |
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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
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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) |
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d) | Aggregated information: · Aggregated volume · Price |
N/A | ||||
e) | Date of the transaction | 20 May 2020 | ||||
f) | Place of the Transaction | Outside a trading venue | ||||
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