Dev Clever Holdings PLC Issue of Equity (7263T)
March 29 2021 - 2:10AM
UK Regulatory
TIDMDEV
RNS Number : 7263T
Dev Clever Holdings PLC
29 March 2021
29 March 2021
Dev Clever Holdings plc
("Dev Clever" or the "Company")
Issue of Equity
Dev Clever (LSE: DEV), a leading developer of online and
immersive career guidance and development platforms and consumer
engagement experiences, is pleased to confirm that as at 26 March
2021, the mid-market price of its ordinary shares had closed at or
above 34 pence per share for five consecutive trading days. As a
result, the sole remaining condition for Sitius Limited to complete
a subscription for 20 million new ordinary shares at a price of 30
pence per share has now been met. These shares are expected to be
allotted, raising GBP6 million before costs. Application will be
made for these new ordinary shares to be admitted to trading which
is expected to be on or around 6 April 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 593,584,189 ordinary shares (including the 20,000,000 new
ordinary shares). This figure of 593,584,189 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 Guidance
and Transparency Rules.
-ends-
For further information please contact:
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 Broker
David Coffman / Colin Rowbury +44 (0) 20 7399 9400
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 (its primary focus) and Agency
Services (its secondary focus).
Educate Division:
Through Educate, Dev Clever aims to reduce the global skills
shortage by delivering an enhanced careers guidance service via its
online platform, Launchyourcareer.com, and virtual reality software
(Victar VR). The business has established a global partnership with
Lenovo to roll 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 its National Independent
Schools Alliance (NISA) and content provider Veative to provide a
comprehensive service offering within Indian budget private
schools. Through this, the business is developing and intends to
launch a direct-to-consumer offering in India.
Agency Services Division:
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.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
IOEFFFSLVSITFIL
(END) Dow Jones Newswires
March 29, 2021 02:10 ET (06:10 GMT)
Dev Clever (LSE:DEV)
Historical Stock Chart
From Apr 2024 to May 2024
Dev Clever (LSE:DEV)
Historical Stock Chart
From May 2023 to May 2024