Employee Share Option Scheme

RNS Number : 0683Q

Cerillion PLC

14 February 2019

 

14 February 2019

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Employee Share Option Scheme

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, announces a further award of options under an HMRC approved Cerillion plc Save-As-You-Earn Option Plan ("the Plan"). Under the Plan, employees contribute a monthly amount that will be saved over three years to enable the exercise of options over ordinary shares of 0.5 pence each in the Company ("Ordinary Shares"). The options will be available for exercise from 1 March 2022 with an exercise price of £1.09 being a 20% discount to closing market price the last trading date before the launch of the plan.

In total up to 121,704 options over Ordinary Shares could be awarded under the Plan, which would represent approximately 0.4% per cent of the current issued share capital of the Company. When added to the options issued in the first SAYE plan announced on 6 January 2017, this would represent approximately 1% of share capital.

For further information please contact: 

Cerillion plc Louis Hall, CEO Oliver Gilchrist, CFO		c/o KTZ Communications T: 020 3178 6378
Shore Capital (Nomad and Broker)		T: 020 7408 4090
Toby Gibbs, Mark Percy
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney

About Cerillion

www.cerillion.com

Cerillion has a 19-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 approximately 90 customer installations across 44 countries.

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

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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