Share Purchase for Long-Term Incentive Plan

RNS Number : 6286S

Cerillion PLC

17 March 2021

 

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Share Purchase for Long-Term Incentive Plan

Cerillion, the billing, charging and customer relationship management software solutions provider, announces that the Company today purchased 125,000  shares of 0.5 pence each  in the Company ("Ordinary Shares") at a price of 410 pence per share. The shares will be held in treasury in order to satisfy the purchase of shares by members of the Company's senior management team, pursuant to the Long-Term Incentive Plan ("LTIP"), details of which were announced on 19 September 2017.

The options are exercisable at the nominal value of the Ordinary Shares three years and six months from the date of the grant,  being 19 September 2017,  subject to the achievement of targets for compound annual growth in the share price of the Company over the original three-year vesting period.

Following this purchase, a total of 125,012 Ordinary Shares, representing 0.42 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
Oliver Gilchrist, CFO
Liberum (Nomad and Broker)	T: 020 3100 2000
Bidhi Bhoma, Euan Brown, William Hall
KTZ Communications	T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney

About Cerillion

www.cerillion.com

Cerillion is a leading provider of mission critical software for billing, charging and customer relationship management ("CRM"), mainly serving the telecommunications market but also other sectors such as utilities and financial services. The Company currently has over 90 customer installations across over 40 countries.

Headquartered in London, Cerillion also has operations in Pune, India, where its Global Solutions Centre is located, Miami and Sydney.

 

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