Share purchase for Employee Share Option Scheme

RNS Number : 1950C

Cerillion PLC

21 February 2022

 

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Share purchase for Employee Share Option Scheme

Cerillion, the billing, charging and customer relationship management software solutions provider, announces that, on 18 February, the Company purchased 111,814 shares of 0.5 pence each in the Company ("Ordinary Shares") at a price of 740 pence per share. The shares will be held in treasury in order to satisfy the exercise of options under a HMRC approved Cerillion plc Save-As-You-Earn Option Plan ("the Plan"). The options will be available for exercise from 1 March 2022 with an exercise price of £1.09, being a 20% discount to the closing market price the last trading date before the launch of the Plan.

Following this purchase, a total of 111,826 Ordinary Shares, representing 0.4 per cent of the voting rights attributable to the total Ordinary Shares in issue prior to the purchase, are held in treasury.

For further information please contact:

Cerillion plc	c/o KTZ Communications
Louis Hall, CEO	T: 020 3178 6378
Andrew Dickson, CFO
Liberum (Nomad and Broker)	T: 020 3100 2000
Bidhi Bhoma, Cameron Duncan, William Hall
KTZ Communications	T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney

About Cerillion

www.cerillion.com

Cerillion has a 22-year track record in providing mission-critical software for billing, charging and customer relationship management ("CRM"), mainly to the telecommunications sector but also to other markets, including utilities and financial services. The Company has c. 80 customer installations across c. 45 countries.

Headquartered in London, Cerillion has operations in Pune, India, where its Global Solutions Centre is located, as well as operations in Bulgaria, USA and Australia.

The business was originally part of Logica plc before its management buyout, led by CEO, Louis Hall, in 1999. The Company joined AIM in March 2016.

 

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