REG - Cerillion PLC - New Employee Share Option Scheme <Origin Href="QuoteRef">CER.L</Origin>

CerillionAnnouncement

06/01/2017 07:00

RNS Number : 4870T
Cerillion PLC
06 January 2017
6 January 2017
AIM: CER
Cerillion plc
("Cerillion" or "the Company" or "the Group")
New Employee Share Option Scheme
Cerillion, the billing, charging and customer relationship management ("CRM") software solutions provider, announces the establishment of a new HMRC approved Cerillion plc Save-As-You-Earn Option Plan ("the Plan"). Under the Plan, employees will contribute a monthly amount which 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 2020, with an exercise price which is 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.
In total up to 250,000 options over Ordinary Shares (the "Options") could be awarded under the Plan, which would represent approximately 1 per cent. of the current issued share capital of the Company.
For further information please contact:
Cerillion plc
Louis Hall, CEO
c/o KTZ Communications
T: 020 3178 6378



Shore Capital (Nomad and Broker)
T: 020 7408 4090
Bidhi Bhoma
Toby Gibbs
KTZ Communications
T: 020 3178 6378
Katie Tzouliadis
Emma Pearson
About Cerillion
Cerillion is a leading provider of mission critical software for billing, charging and CRM, with a 17 year track record in providing comprehensive revenue and customer management solutions. The Company has approximately 80 customer installations across over 40 countries, principally serving the telecommunications market but also utilities and financial services.
Led by a highly experienced management team, the Company is headquartered in London, with operations in Pune, India where its Global Solutions Centre is located.

This information is provided by RNS
The company news service from the London Stock Exchange
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