Announcement • Jan 18
Dev Clever Holdings Announces Cancellation of Listing Effective 18 January 2023 On 16 December 2022, Dev Clever Holdings Plc announced the proposed cancellation of the listing of the Company's ordinary shares ("Ordinary Shares") on the Official List and to their trading on the London Stock Exchange ("Cancellation"). Confirmation of Cancellation: Cancellation will proceed as proposed and as a result, the last day of the Company's listing on the Official List will be 17 January 2023 with Cancellation becoming effective at 8.00 a.m. on 18 January 2023. Announcement • Dec 17
Dev Clever Intends to Submit A Request to the Financial Conduct Authority for the Cancellation of the Listing of its Ordinary Shares on the Official List and Trading on the London Stock Exchange The Board of Dev Clever Holdings Plc announced that the Company intends to submit a request to the Financial Conduct Authority ("FCA") for the cancellation of the listing of the Company's ordinary shares ("DevClever Shares") on the Official List and trading on the London Stock Exchange ("Cancellation"). The Company's shares have been suspended since December 2021 and while the Board and the Company's advisers have continued to work toward readmission and satisfaction of the requirements of the FCA, this process is still to be concluded. Against this backdrop, the Board has considered the benefits and drawbacks of currently being a listed company. The Board believes that the Company is unlikely to attract the necessary material investment from investors to execute its growth strategy in these current market conditions if it remains suspended pending re-admission to the London Stock Exchange. The Board is of the view that, right now, the considerable cost, management time and the legal and regulatory obligations associated with maintaining a listing are materially disproportionate to the benefits to the Company. It also believes there is currently reduced investment 'appetite' for smaller UK listed companies and pre-profit technology companies generally and particularly those where significant capital for growth is required and that it would be easier to access private market finance. With the planned cancellation in mind, management has begun discussions with third parties regarding provision of finance to fund the unlisted Group. Following careful consideration, for the above reasons and having consulted with certain shareholders, the Board has concluded that it is in the best interests of the Company and shareholders to request Cancellation to be effected in January 2023. Board Change • Nov 22
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Truett Tate was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Oct 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Non-Executive Director Truett Tate was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Sep 21
Dev Clever Holdings Plc Announces Launch of Career Success Membership Program Dev Clever announce that it will be exhibitingat DIDAC, Asia's larger education conference and exhibition held at Bangalore, India where it will unveilfurther progress on its Launchmycareer ("LMC") platform with the launch of itsCareer Success Membership Program ("CSMP"). DIDAC - this year being held from 21-23 September - showcases the latest trends in the education industry and aims to evoke a healthy discussion around the reshaping of career guidance to enable educational institutions to keep up with the rapid advancements in the sector. Dev Clever's CSMP brings a tech-driven roadmap that weaves career-readiness into the educational framework in an age-appropriate manner. The Company's LMC experts and career counsellors will participate in the exhibition via workshops, panel discussions, and talks focused on career guidance, emphasising the need to address the employability gap with skills development. In addition to the launch of CSMP, Dev Clever's LMC representatives will be exhibiting and showcasing its new membership card that can be purchased in bulk by schools enrolled in the CSMP to distribute to their students. Through the card, students will be able to access careers counselling and assistance, have unlimited access to careers databases, and gain exclusive access to the world's first careers metaverse. Dev Clever will also partner with third party businesses, such as retailers and brands, to enable card users to be incentivised with relevant discounts and rewards for their use of the card. Through its existing network and relationships with schools in India, Dev Clever has been pre-marketing the CSMP and its membership cards to a limited number of schools. This has resulted in pre-orders for over 5,000 subscriptions reflecting the Company's already strong positioning ahead of the national Indian rollout of LMC this October. Announcement • Sep 16
Dev Clever Holdings Plc Appoints Truett Tate as Independent Non-Executive Director, Chairman of the Audit Committee and Member of the Remuneration Committee Dev Clever Holdings Plc announced that Truett Tate will be joining the Board as an Independent Non-Executive Director and Chairman of the Audit Committee with immediate effect. He will also be a member of the Remuneration Committee. Truett has had a distinguished and global career spanning five decades in predominantly banking and finance in highly regulated international environments. He has served on the Boards of Lloyds Banking Group PLC and was Chairman of Lloyds Development Capital (LDC). He most recently retired as Chairman of QBE NA and was previously CEO, at the Australia New Zealand Banking Group (ANZB) for North America, Europe, Japan and Korea. He currently serves as Chairman of Reference Point (Management Consultancy), The Ellig Group (Executive Search), Thinkably (Edtech) and TLC Lions (Corporate Culture Consultancy), as well as other academic, association and charitable institutions. Previously, he served with a number of large international businesses including as Chairman of Arora International and Board Member of Towergate and Virgin Group. Truett additionally holds positions on the Boards of several not-for-profit organizations /charities. Announcement • Aug 23
Dev Clever Holdings Plc, Annual General Meeting, Sep 14, 2022 Dev Clever Holdings Plc, Annual General Meeting, Sep 14, 2022, at 09:30 Coordinated Universal Time. Location: offices in Stafford Education and Enterprise Park, Weston Road Stafford United Kingdom Announcement • Jul 20
Dev Clever Holdings plc Provides Earnings Guidance for the Six Months Ended April 30, 2022 Dev Clever Holdings Plc provided earnings guidance for the six months ended April 30, 2022. For the period, the company expects to report revenue of £3.3 million (H1 2021: £2.4 million), representing year-on-year growth of over 38%. Board Change • Jul 19
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Chantal Forrest was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 18
Dev Clever Holdings plc Announces Board Changes Dev Clever Holdings Plc announced that David Ivy has informed the Board of his decision to step down as Non-Executive Director and Chair of the Audit Committee with immediate effect owing to personal circumstances. Dev Clever is seeking to appoint two internationally experienced individuals with relevant global commercial and growth company expertise, a Non-executive Chairman and Non-executive Director respectively. Further updates will be provided in due course. Board Change • May 18
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Dave Ivy was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Mar 09
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Dave Ivy was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • Jan 12
Forecast to breakeven in 2023 The analyst covering Dev Clever Holdings expects the company to break even for the first time. New forecast suggests the company will make a profit of UK£8.50m in 2023. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Board Change • Jan 12
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Dave Ivy was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Nov 30
Dev Clever Holdings plc Provides Revenue Outlook for the Financial Year Ended 31 October 2021 Dev Clever Holdings Plc provided revenue outlook for the financial year ended 31 October 2021. For the period, the company's revenue expected to be circa £7.4 million, an increase in the region of 500%, on the previous financial year (FY20: £1.2 million). Reported Earnings • Jul 07
First half 2021 earnings released: UK£0.001 loss per share (vs UK£0.001 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: UK£2.41m (up UK£2.03m from 1H 2020). Net loss: UK£293.5k (loss narrowed 51% from 1H 2020). Announcement • Jun 22
Dev Clever Holdings Plc (LSE : DEV) entered into an agreement to acquire The Inspirational Learning Group Limited for £2.4 million. Dev Clever Holdings Plc (LSE : DEV) entered into definitive heads of terms to acquire The Inspirational Learning Group Limited for £2.4 million on June 21, 2021. It will be acquired for a cash consideration of £0.2 Million and the issue of 6,000,000 new ordinary shares in Dev Clever. The acquisition will complete by the end of August 2021. Novum Securities Limited acted as financial advisor to Dev Clever Holdings Plc. Dev Clever Holdings Plc will issue 500,000 new ordinary shares in lieu of introductory and professional service fees. Reported Earnings • Mar 31
Full year 2020 earnings released: UK£0.002 loss per share (vs UK£0.003 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: UK£1.25m (up 161% from FY 2019). Net loss: UK£937.7k (loss narrowed 8.0% from FY 2019). Announcement • Mar 04
Dev Clever Holdings Plc to Report Fiscal Year 2020 Final Results on Mar 29, 2021 Dev Clever Holdings Plc announced that they will report fiscal year 2020 final results on Mar 29, 2021 Is New 90 Day High Low • Feb 19
New 90-day high: UK£0.28 The company is up 310% from its price of UK£0.07 on 20 November 2020. The British market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is up 3.0% over the same period. Announcement • Feb 03
Dev Clever Holdings Plc announced that it expects to receive £10 million in funding from One Nine Two Pte Ltd Dev Clever Holdings Plc (LSE:DEV) announced that it has entered into equity subscription agreement for gross proceeds of up to £10,000,000 on February 2, 2021. The transaction will include participation from One Nine Two Pte Ltd. The company will receive funding in tranches. The company will issue warrants with an exercise price of £0.50 pence per share.
On the same day, the company issued 20,000,000 ordinary shares at a price of £0.2 per share for gross proceeds of £4,000,000 in its first tranche closing. The tranche is expected to be completed within five working days following the completion of a General Meeting to be held by the Company during February 2021. The company will issue 20,000,000 at £0.30 per share raising £6,000,000 in second tranche closing. The further subscription agreement is valid for a period of nine months from the closing of the initial subscription. Is New 90 Day High Low • Feb 03
New 90-day high: UK£0.23 The company is up 222% from its price of UK£0.072 on 04 November 2020. The British market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period. Is New 90 Day High Low • Jan 18
New 90-day high: UK£0.21 The company is up 143% from its price of UK£0.087 on 20 October 2020. The British market is up 15% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is down 3.0% over the same period. Announcement • Sep 24
Dev Clever Announces Richard Lee Has Been Appointed to the Senior Management Team as Global Sales Director of the Educate Division Dev Clever announced that Richard Lee has been appointed to the Senior Management team as Global Sales Director of the Educate Division with immediate effect. Richard was until very recently the Business Development Manager of Educational Global Verticals at Lenovo Group Limited (‘Lenovo’). Prior to that Richard worked across a number of other roles at Lenovo, including as part of its Global Solutions team. Richard worked extensively on the launch of the Lenovo VR Classroom product and has an in-depth understanding of the EdTech market and of Dev Clever's comprehensive service offering, recently significantly enhanced through a partnership agreement with Veative Labs Pte. Ltd. (‘Veative’). In order to accelerate certain important initiatives, it was agreed that Richard would transition from Lenovo to Dev Clever immediately. Richard will focus on building the Company's existing partnerships and enhance the already focused sales strategy in its current global territories. Additionally, Richard will assist with developing the strategy for further territories including the recently announced entry into the Indian market. Announcement • Sep 17
Dev Clever Holdings plc Signs Three-Year Commercial Partnership with Low6 Ltd Dev Clever announced that it has signed a three-year commercial partnership with Low6 LTD ("Low6"), a leading provider of mobile pool betting applications. The commercial partnership enables Low6's mobile quiz based pool betting application, 'PubWars', which has been designed for licensed hospitality venues, to be fully integrated with Dev Clever's Engage gamification platform and 'PubPal', the Company's mobile, contactless ordering and payment service. The fully integrated solution, which will include all three applications, will provide hospitality venues with greater value and digital consumer engagement through a complete loyalty, incentive management, mobile ordering and gamification platform. The complete solution can be managed from a single operating system, ultimately enabling brands to more effectively implement purchase-driven promotions at their sites and venues.
Dev Clever's Engage platform currently manages consumer incentives in over 2,500 venues across the UK, as well as facilitating brand-led activations across many more. Low6 is in the final stages of implementing its 'PubWars' application, in partnership with SKY, across 1,300 new venues in the UK.
Dev Clever believes that the joint offering will add significant value to brands and their customers and will provide a compelling service proposition to rollout to hospitality operators, including pub estates.
Both 'PubPal' and 'PubWars' are offered to venues on a Software as a Service (SaaS) model which includes a commission payable to both Dev Clever and Low6 based on each consumer transaction. The commercial partnership is set to be funded by a development and integration fee of £115,000, paid to Dev Clever by Low6, and an ongoing revenue share from consumer transactions. Announcement • Aug 04
Dev Clever Holdings Plc has completed a Follow-on Equity Offering in the amount of £0.25 million. Dev Clever Holdings Plc has completed a Follow-on Equity Offering in the amount of £0.25 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,500,000
Price\Range: £0.1
Transaction Features: Subsequent Direct Listing 