Share Purchase for Employee Share Option Scheme

RNS Number : 4066E

Cerillion PLC

27 February 2020

 

27 February 2020

AIM: CER

Cerillion plc

("Cerillion" or "the Company")

Share purchase for Employee Share Option Scheme

Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, announces that the Company has today purchased 172,622 shares of 0.5 pence each in the Company ("Ordinary Shares") at a price of 210 pence per share. The shares will be held in treasury in order to satisfy the purchase of shares by Cerillion employees, pursuant to the Save-As-You-Earn Option Plan ("the Plan") details of which were announced on 6 January 2017 and 8 February 2017.

Under the Plan, employees contribute a monthly amount that is saved over three years to enable the exercise of options over Ordinary Shares. The options under this instalment of the Plan are available for exercise from 1 March 2020 with an exercise price of £1.132 being a 20% discount to the closing price on 5 January 2017, the last trading date before the launch of the Plan on 6 January 2017 .

Following this purchase, a total of 172,622 Ordinary Shares, representing 0.58 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 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, Sarah Mather (Corporate Advisory), Henry Willcocks (Corporate Broking)
KTZ Communications		T: 020 3178 6378
Katie Tzouliadis, Dan Mahoney

About Cerillion

Cerillion has a 20-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. 90 customer installations across c. 40 countries.

Headquartered in London, Cerillion has operations in Pune, India, where its Global Solutions Centre is located, as well as in 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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