DEV.L

Dev Clever Holdings
Dev Clever Holdings - Exercise of share options and PDMR shareholding
14th October 2022, 13:00
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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

+44 (0) 1827 930 408



Novum Securities Limited - Financial Adviser & Joint     Broker

Colin Rowbury

David Coffman

+44 (0) 20 7399 9400



finnCap Limited - Joint Broker

Jonny Franklin-Adams / Abigail Kelly / George Dollemore (Corporate Finance)

Richard Chambers / Harriet Ward (ECM)

+44 (0) 20 7220 0500



Buchanan Communications

Chris Lane / Kim van Beeck / Toto Berger

+44 (0) 207 466 5105

 

 

 

 

-ENDS-

 

 

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 / Amendment

Initial notification

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 instrument, type of instrument

Ordinary shares of 1p each


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)

£0.01

10,000,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

10,000,000 shares

£100,000

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 / Amendment

Initial notification

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 instrument, type of instrument

Ordinary shares of 1p each


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)

£0.012

4,000,000

d)

Aggregated information:

·      Aggregated volume

·      Price

 

4,000,000 shares

£48,000

e)

Date of the transaction

11 Oct 2022

f)

Place of the Transaction

Outside a trading venue

 

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