Oscillate Plc Purchase of Warrants of Dev Clever Holdings

 
TIDMMUSH 
 
Oscillate plc 
 
                      ("Oscillate plc" or the "Company") 
 
                     Investment in Dev Clever Holdings Plc 
 
Oscillate PLC (AQSE: MUSH) is pleased to announce that it has purchased 
2,500,000 warrants to subscribe for ordinary shares of Dev Clever Holdings Plc 
("Dev Clever"), with an  exercise price of 1p per share ("Warrants"), for a 
consideration of £250,000. The Warrants are exercisable at any time until 21 
January 2024. 
 
The ordinary shares of Dev Clever are currently suspended from trading on the 
standard segment of the London Stock Exchange pending eligibility approval by 
the FCA and the publication of a prospectus following the acquisition of the 
entire issued share capital of Veative Labs Private Limited ("VLPL"), a wholly 
owned Indian subsidiary of Veative, the immersive education materials 
(including STEM content) company (the "Transaction"). 
 
Dev Clever is currently working with its professional advisers towards the 
publication of the prospectus to enable the Transaction to complete and the 
cancellation and re-admission of Dev Clever's shares to the London Stock 
Exchange. 
 
A comprehensive update of update on Dev Clever's acquisition on Veative can be 
found through the following link: 
 
https://www.investegate.co.uk/dev-clever-holdings/rns/ 
veative-acquisition--trading-and-board-updates/202207191215049815S/ 
 
About Dev Clever 
 
Dev Clever Holdings plc, together with its wholly owned subsidiaries, is a 
software and technology group based in Stafford, 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. 
 
                                    --ENDS- 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
Enquiries 
 
Company: 
 
Fungai Ndoro 
 
Tel:  +44 (0) 20 3745 0281 
 
https://oscillateplc.com 
 
Corporate Adviser: 
 
Peterhouse Capital Limited 
 
Guy Miller & Mark Anwyl 
 
Telephone: +44 (0) 20 7220 9796 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END

(END) Dow Jones Newswires

July 21, 2022 07:53 ET (11:53 GMT)

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