Dev Clever Holdings PLC Exercise of warrants (8662Y)
September 14 2020 - 1:00AM
UK Regulatory
TIDMDEV
RNS Number : 8662Y
Dev Clever Holdings PLC
14 September 2020
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
Dev Clever Holdings plc
("Dev Clever" or "the Company")
Exercise of Warrants
Dev Clever (LSE: DEV), a leading developer of careers guidance
and development platforms, announces that it has received notice of
the exercise of warrants over 768,704 ordinary shares of 1 pence
each in the share capital of the Company ("Ordinary Shares") at an
exercise price of 3.4 pence per share. The aggregate gross proceeds
of this exercise are GBP26,136.
The Company has made application for the 768,704 new Ordinary
Shares to be admitted to the standard segment of the Official List
and to trading on the Main Market of the London Stock Exchange.
Admission is expected to occur at 8:00 a.m. on Thursday, 17
September 2020.
The new ordinary shares will rank pari passu with the existing
ordinary shares of the Company. Following the issue of the new
ordinary shares, the Company's issued share capital will comprise
of 471,219,794 ordinary shares (including the 768,704 new ordinary
shares). This figure of 471,219,794 ordinary shares may be used by
shareholders in the Company as the denominator for the calculations
by which they will determine if they are required to notify their
interest in, or a change in their interest in, the share capital of
the Company under the FCA's Disclosure and Transparency Rules.
-ends-
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 - Financial
Adviser and Joint Broker
David Coffman / 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 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 Division:
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.
Agency Services:
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,
our products include:
Engage: a proprietary cloud-based gamification solution 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.
PubPal: a proprietary, cloud based mobile, contactless ordering
and payment product developed to support the independent
hospitality sector. Offered as a Software-as-a-Service ("SaaS")
platform, PubPal is a stand-alone product that provides venue
operators with a light touch mobile ordering system that doesn't
require customers to download a mobile app. PubPal is an easy to
implement solution that requires no upfront cost or the need for
operators to have compatible Electronic Point of Sale software.
Experience: a 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.
For further information, please visit
www.devcleverholdingsplc.com
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END
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