Issue of Equity

Source: RNS
RNS Number : 5931U
Dev Clever Holdings PLC
07 April 2021
 

7 April 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, confirms that further to the announcement of 29 March 2021, the admission to trading of the 20 million new ordinary shares issued to Sitius Limited is expected to take place following the publication of a supplementary prospectus.  This document, which updates the financial disclosures to take account of the recently published results for the year ended 31 October 2020, has been submitted to the FCA for review and approval and the Company will make a further announcement once this process is completed.

 

-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.

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