TIDMDEV

RNS Number : 7466J

Dev Clever Holdings PLC

28 April 2022

28 April 2022

Dev Clever Holdings plc

('Dev Clever' or the 'Company')

Final Results Publication

Partnership Update

Dev Clever, a leading developer of online and immersive career guidance, learning and development platforms, today announces an update to the publication date of its final results for the year ended 31 October 2021 ('the Accounts').

Due to minor delays encountered during preparation, including those resulting from the on-going Covid-19 pandemic the Board now anticipates the Accounts will be published on or prior to Wednesday 18 May 2022, with the results expected to be in line with management expectations.

Partnership Update

The Company is also pleased to provide an update on its relationship with Aldebaron DMCC ('Aldebaron') , the Dubai-based organisation focused on the distribution, delivery and implementation of consumer facing technology and next generation impactful digital solutions into emerging markets across the world.

Following the positive proof of concept trials in 2021 and significant new opportunities that Dev Clever has identified subsequently, the Company and Aldebaron are now in advanced discussions to move their initial commercial partnership to a permanent joint venture. It is intended that this will cover a number of major emerging markets around the world and add significant immediate, near and long-term IP, content, equity and other resources to Dev Clever's future development and growth plans.

The Company's shares remain suspended pending the publishing of a prospectus in connection with the completion of the acquisition of Veative Labs Pte Ltd (Singapore) which remains subject to the final approval by the FCA, a further update will be made to the market in due course.

For further information please contact:

 
 Dev Clever Holdings plc                              +44 (0) 1827 930 408 
 Christopher Jeffries 
 Chief Executive Officer and Executive Chairman 
 Nicholas Ydlibi 
 Chief Financial Officer 
 
 Novum Securities Limited - Financial Adviser 
  and Broker                                          +44 (0) 20 7399 9400 
 David Coffman / Colin Rowbury 
 
 finnCap Limited - Joint Broker                       +44 (0) 20 7220 0500 
 Jonny Franklin-Adams / Abigail Kelly / George 
  Dollemore (Corporate Finance) 
 Richard Chambers / Harriet Ward (ECM) 
 
 Buchanan Communications                              +44 (0) 207 466 5000 
 Chris Lane / Kim van Beeck / Toto Berger

Notes to Editors:

About Dev Clever

Dev Clever Holdings plc, together with its wholly owned subsidiaries, 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 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 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 has been developing and has launched a direct-to-consumer offering in India.

For further information, please visit www.devcleverholdingsplc.com

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