Leading UK law firm Fladgate has acted for Dev Clever Holdings plc on its listing on the Standard segment of the Official List and its admission to trading on the Main Market of the London Stock Exchange. The Company raised approximately £1m by way of equity placing and subscription and converted approximately £200,000 of debt into equity. On the date of its admission, the Company had market capitalisation of approximately £14.8m.
Lead partner, David Robinson commented “As a firm we remain committed to working alongside our clients on significant events and we were delighted to support Dev Clever Holdings plc on its listing. We look forward to watching the business continue to strengthen its position in the market.”
A software development group established in 2013, Dev Clever has developed and distributed immersive experiences and interactive software to educators, retailers and high street brands applying both Virtual Reality and Augmented technology. The innovative brand offers its clients a bespoke solution to realise their concepts for pop-up events and instore experiences.
Nick Ydlibi, Finance Director of Dev Clever Holdings plc commented: “David and his team provided us with an excellent service. Not just for their professionalism, knowledge and diligence but also for their highly collaborative and supportive way of working, which made a significant contribution to our successful flotation. We look forward to working with the Fladgate team in the future.”
Corporate partner David Robinson led the Fladgate team, with assistance from Orit Rioumine-Gold, Alex Taylor, Hamilton Forrest, Ben Milloy and Louise Gibson.