Dev Clever Holdings PLC Exercise of share options and PDMR shareholding (9857C)
15 October 2022 - 12:00AM
UK Regulatory
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 +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
-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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END
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