22 May 2020 07:00
Dev Clever Holdings plc
("Dev Clever" or "the Company")
Exercise of Options and Issue of Equity
Dev Clever, a leading developer of mobile and immersive experiences, announces that the Company has issued 752,485 new ordinary shares of 1p each ("Ordinary Shares") as a result of an exercise of options under the Company's EMI Share Option Plan.
Application has been made for the 752,485 new Ordinary Shares to be admitted to trading on the standard list of the main Market of the London Stock Exchange. It is expected that dealings in these new shares will commence on 27 May 2020. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following admission, the Company will have in issue a total of 436,510,757 Ordinary Shares, each with one voting right. The Company does not hold any shares in Treasury. Therefore, the Company's total number of ordinary shares and voting rights will be 436,510,757.
The above figure of 436,510,757 may be used by shareholders from Admission as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Dev Clever Holdings plc Christopher Jeffries Chief Executive Officer and Executive Chairman
Nicholas Ydlibi Chief Financial Officer | +44 (0) 330 058 2922 |
Novum Securities Limited - Joint Broker Colin Rowbury | +44 (0) 20 7399 9400 |
Pello Capital - Joint Broker Daniel Gee | +44 (0) 203 700 2534 |
Buchanan Communications Richard Oldworth / Chris Lane | +44 (0) 207 466 5105 |
Notes to Editors
Dev Clever Holdings plc, together with its wholly owned subsidiary Dev Clever Limited, is a software and technology group based in Tamworth, United Kingdom, specialising in the use of lightweight integrations of cloud-based gamification and VR technologies to deliver rich customer engagement experiences across both the commercial and education sectors. The Group's core focus is the development and commercialisation of its three core platforms:
Educate
Careers guidance and recruitment solution that offers secondary schools, colleges, universities, apprenticeship providers and employers with a range of digital products to more efficiently recruit and develop applicants and skills within their institutions and organisations.
Within Agency Services:
Engage: cloud-based gamification solutions that offers brands and retailers a range of products to drive higher levels of consumer engagement via the use of digitally redeemable incentives at the same time as fully controlling spend.
Experience: multi-user virtual reality (VR) framework and augmented reality framework that enables customers of our Engage and Educate channels to extend their customer and student experiences through VR.
In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange.
For further information, please visit www.devcleverholdingsplc.com