Dev Clever Holdings PLC Exercise of share options and PDMR shareholding (9857C)

TIDMDEV

RNS Number : 9857C

Dev Clever Holdings PLC

14 October 2022

14 October 2022

Dev Clever Holdings plc

("Dev Clever", the "Group" or the "Company")

Exercise of Options / PDMR shareholding

Dev Clever, a leading developer of mobile and immersive experiences, announces that the Company has issued 18,593,926 new ordinary shares of 1p each ("Ordinary Shares") as a result of an exercise of options under the Company's EMI Share Option Plan, including the exercise of 10,000,000 options by Nicholas Ydlibi and 4,000,000 options by Timothy Heaton, who are directors of the Company.

The Company's shares are currently suspended pending the re-admission of the Company to the Main Market of the London Stock Exchange ("Re-admission). The new Ordinary Shares, which will rank pari passu with the existing Ordinary Shares, will be admitted to trading upon Re-admission.

Following the issue of the new Ordinary Shares, the Company will have in issue a total of 847,708,200 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 847,708,200.

The above figure of 847,708,200 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.

For more information:

 
Dev Clever Holdings plc 
 Christopher Jeffries 
 Joint Chief Executive 
 Officer and Executive Chairman 
 
 Ankur Aggarwal 
 Joint Chief Executive 
 Officer 
 
 Nicholas Ydlibi 
 Chief Financial Officer          [phone] 
 
Novum Securities Limited 
 - Financial Adviser & Joint 
 Broker 
 Colin Rowbury 
 David Coffman                    [phone] 
 
finnCap Limited - Joint 
 Broker 
 Jonny Franklin-Adams / 
 Abigail Kelly / George 
 Dollemore (Corporate Finance) 
 Richard Chambers / Harriet 
 Ward (ECM)                       [phone] 
 
Buchanan Communications 
 Chris Lane / Kim van Beeck 
 / Toto Berger                    [phone] 
 

-S-

Notes to Editors:

About Dev Clever

Dev Clever Holdings plc, together with its wholly owned subsidiaries, is a software and technology group based in Stafford, United Kingdom, and Noida, India, 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 Educate platforms.

Dev Clever aims to reduce the global skills shortage by delivering an enhanced careers guidance service via its online platforms, Launchmycareer.com and Launchyourcareer.com, and virtual reality software (Victar VR). The business has established a global partnership with Lenovo to roll out 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 the National Independent Schools Alliance (NISA) to provide a comprehensive service offering within Indian budget private schools. Through this, the business has been developing and has launched a direct-to-consumer offering in India.

For further information, please visit www.devcleverholdingsplc.com

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                              Nicholas Abdo Rodney Ydlibi 
     --------------------------------  ----------------------------------------------- 
 2.   Reason for the Notification 
     --------------------------------------------------------------------------------- 
 a)   Position/status                   Person discharging managerial responsibilities 
                                         (Director, CEO) 
     --------------------------------  ----------------------------------------------- 
 b)   Initial notification              Initial notification 
       / Amendment 
     --------------------------------  ----------------------------------------------- 
 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      Ordinary shares of 1p each 
       instrument, type of instrument 
      Identification Code               ISIN: GB00BH452L44 
     --------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction         Share purchase on exercise of share 
                                         option 
     --------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)             Price(s)    Volume(s) 
                                          GBP0.01     10,000,000 
                                                     ----------- 
     --------------------------------  ----------------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume       10,000,000 shares 
                                          GBP100,000 
 
             *    Price 
     --------------------------------  ----------------------------------------------- 
 e)   Date of the transaction           11 Oct 2022 
     --------------------------------  ----------------------------------------------- 
 f)   Place of the Transaction          Outside a trading venue 
     --------------------------------  ----------------------------------------------- 
 

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them in accordance with the Market Abuse Regulation.

 
 1.   Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                            Timothy Sean Heaton 
     ------------------------------  ----------------------------------------------- 
 2.   Reason for the Notification 
     ------------------------------------------------------------------------------- 
 a)   Position/status                 Person discharging managerial responsibilities 
                                       (Non-Executive Director) 
     ------------------------------  ----------------------------------------------- 
 b)   Initial notification            Initial notification 
       / Amendment 
     ------------------------------  ----------------------------------------------- 
 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              Ordinary shares of 1p each 
       Financial instrument, 
       type of instrument 
      Identification Code             ISIN: GB00BH452L44 
     ------------------------------  ----------------------------------------------- 
 b)   Nature of the transaction       Share purchase on exercise of share 
                                       option 
     ------------------------------  ----------------------------------------------- 
 c)   Price(s) and volume(s)           Price(s)    Volume(s) 
                                        GBP0.012    4,000,000 
                                                   ---------- 
     ------------------------------  ----------------------------------------------- 
 d)        Aggregated information: 
             *    Aggregated volume     4,000,000 shares 
                                        GBP48,000 
 
             *    Price 
     ------------------------------  ----------------------------------------------- 
 e)   Date of the transaction         11 Oct 2022 
     ------------------------------  ----------------------------------------------- 
 f)   Place of the Transaction        Outside a trading venue 
     ------------------------------  ----------------------------------------------- 
 

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October 14, 2022 09:00 ET (13:00 GMT)