12 May 2021 07:00
12 May 2021
Dev Clever Holdings plc
("Dev Clever" or the "Company")
Exercise of Options
Dev Clever, a leading developer of mobile and immersive experiences, announces that the Company has issued 3,535,908 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 3,535,908 new Ordinary Shares to be admitted to trading and it is expected that dealings in these new shares will commence on 17 May 2021. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.
Following admission, the Company will have in issue a total of 597,120,097 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 597,120,097.
The above figure of 597,120,097 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.
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For further information please contact:
Dev Clever Holdings plc Christopher Jeffries Chief Executive Officer and Executive Chairman
Nicholas Ydlibi Chief Financial Officer | +44 (0) 1827 930 408 |
Novum Securities Limited - Financial Adviser and Broker David Coffman / Colin Rowbury | +44 (0) 20 7399 9400 |
Buchanan Communications Richard Oldworth / Chris Lane | +44 (0) 207 466 5105 |
Notes to Editors:
Dev Clever Holdings plc, together with its wholly owned subsidiary DevClever Limited, is a software and technology group based in Tamworth, United Kingdom, specialising in the use of lightweight integrations of cloud-based VR and gamification technologies to deliver rich customer engagement experiences across both the education and commercial sectors. In January 2019, Dev Clever listed on the Standard List of the London Stock Exchange. The Group's core focus is the development and commercialisation of its core platforms - Educate (its primary focus) and Agency Services (its secondary focus).
Educate Division:
Through Educate, Dev Clever aims to reduce the global skills shortage by delivering an enhanced careers guidance service via its online platform, Launchyourcareer.com, and virtual reality software (Victar VR). The business has established a global partnership with Lenovo to roll its service worldwide, with offerings already on the market in the UK, US and Canada. Dev Clever is also focused on the Indian market and has partnered with its National Independent Schools Alliance (NISA) and content provider Veative to provide a comprehensive service offering within Indian budget private schools. Through this, the business is developing and intends to launch a direct-to-consumer offering in India.
Agency Services Division:
The Company's Agency Services division provides customers from the retail, brand and hospitality sectors with bespoke application and customisation of the Group's proprietary cloud-based products in order to increase consumer engagement, transactional efficiencies and enhance customer experience within their venues.
For further information, please visit www.devcleverholdingsplc.com.