24th Dec 2021 11:18
Dev Clever Holdings PLC - software developer for immersive learning and career guidance - Has requested share suspension until UK Financial Conduct Authority approves eligibility of enlarged group as a result of reverse takeover. Says FCA indicated to firm that it considered completion of immersive education materials deal with Veative and licensing agreement constituted a reverse takeover. Adds it is working towards completing acquisition of Veative Labs Private Ltd, a wholly owned Indian subsidiary of Veative.
"We are working closely with the FCA and our professional advisers to finalise the prospectus which is at an advanced stage, and look forward to our shares relisting as soon as possible in the new year," says Chief Executive Chris Jeffries.
Current stock price: 30.00 pence
Year-to-date change: up 96%
By Lucy Heming; [email protected]
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