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CER - Cerillion News Story

394p -2.0  -0.5%

Last Trade - 22/01/21

Sector
Technology
Size
Small Cap
Market Cap £116.3m
Enterprise Value £114.2m
Revenue £20.8m
Position in Universe 961st / 1805

Cerillion PLC - Share purchase for Long Term Incentive Plan

Thu 3rd September, 2020 11:11am
RNS Number : 9726X
Cerillion PLC
03 September 2020
 

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 yesterday purchased 125,000 shares of 0.5 pence each in the Company ("Ordinary Shares") at a price of 300 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 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 this 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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