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Share Name Share Symbol Market Type Share ISIN Share Description
Dev Clever Holdings Plc LSE:DEV London Ordinary Share GB00BH452L44 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.40 -4.62% 8.25 8.00 8.50 8.65 8.25 8.65 583,141 13:25:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services - - - - 39

Dev Clever Holdings PLC Exercise of warrants

14/09/2020 7:00am

UK Regulatory (RNS & others)


Dev Clever (LSE:DEV)
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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

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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September 14, 2020 02:00 ET (06:00 GMT)

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